Housing, economic development to absorb Crookston Jobs
CROOKSTON -- A nonprofit that has supported job growth for five decades in Crookston will be absorbed by another local group.
The Crookston Jobs Board unanimously voted last month to dissolve its organization and hand over its assets to the Crookston Housing and Economic Development Association, according to a report in the Crookston Daily Times. The two organizations are looking into how much Crookston Jobs has in funds and property, but there are at least $100,000 in certificates, more than $8,000 in banking accounts and two lots, the report stated.
Crookston Jobs helped create jobs and expanded economic development in the city, with one of its primary focuses attracting businesses to the city’s industrial park. With the formation of the CHEDA in 2007 by Minnesota statute, the missions of the two organizations began to overlap, CHEDA Executive Director Craig Hoiseth told the Herald. Though Crookston Jobs initially performed well, it became relatively inactive in recent years, he said.
“Rather than just hold on to those assets, they wanted to create a multiplier effect with them and see if we couldn’t leverage those assets for the betterment of Crookston,” Hoiseth said.
The deal should be finalized later this summer, he said.