Crow Wing Power is committed to economic development in our region.
Crow Wing Power is committed to economic development in our region.
We proudly serve 37,000 electric cooperative members in the three county region surrounding the beautiful Brainerd Lakes Area in north central Minnesota.
Crow Wing Power has been heavily involved in gap- and low-interest financing for area manufacturers and retail businesses. By utilizing the RUS Rural Economic Development Loan and Grant Program, straight gap financing, and CD buy down investments, we are proud to have been able to lend $4,369,350 to a total of 26 businesses. That investment has resulted in the retention of 356 jobs and 341 additional employment opportunities.
Prior to 2017, we had an initial $200,000 revolving loan fund, established through the RUS Rural Economic Development Grant and Loan Program for the City of Baxter. The cooperative was approved in early 2008 for an additional $151,000 grant to add to our revolving loan fund to make a total fund of $351,000. In 2017, Crow Wing Power acquired the revolving loan fund from Crosslake because its Telcom was no longer an RUS borrower. They transferred $319,778.66 in cash and $126,001.67 in outstanding loan receivables. We currently have a revolving loan fund of $796,780.33 because of that transfer.
Crow Wing Power believes in supporting the economic development organizations in our region. We contribute $11,500 annually to eleven different chambers of commerce and economic development organizations.
Contact us by giving us a call at 218-829-2827 or 1-800-648-9401.
Approximate number of members: 43,702
Total Population
107,801
Median Age
45
Diversity Index
12
Population Growth Rate
1%
Households
44,632
Total Housing Units
69,943
Median Home Value
$199,699
Average Home Value
$255,431
Income
Median Household
$53,388
Average Household
$70,940
Per Capita
$29,424
Income Growth Rate
Median Household Income
1%
Per Capita Income
2%
Workers 16+
46,716
Total Employed
52,003
Total Businesses
4,916
Average Commute Time
0 min.
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Crow Wing Power
17330 Highway 371 North, P.O. Box 507
Brainerd, MN 56401
Phone: 218-829-2827
Fax: 218-825-2209 | info@CWPower.com
