Stillwater, Minnesota, renowned for its historic charm and scenic riverfront, is experiencing a dynamic economic evolution. This transformation is driven by a harmonious blend of longstanding local enterprises and forward-thinking development strategies.
Thriving Local Businesses
Downtown Stillwater is a vibrant hub, home to a diverse array of retail shops, collaborative spaces, and dining establishments. This vitality stems from a concerted partnership between the City of Stillwater, the Chamber of Commerce, and local businesses, all working collaboratively to enhance the community’s economic health. As Robin Anthony, Executive Director of the Greater Stillwater Chamber of Commerce, notes, “People in Stillwater are passionate about the community in ways I have never seen. Whenever there is a problem, we come together and find solutions to bring people downtown and create better experiences for the people who live here.”
Strategic Economic Development
In 2021, the Stillwater City Council established the Stillwater Economic Development Authority (EDA) to expand tools for analyzing economic needs, facilitating site assembly, and pursuing public financing for development projects. The EDA collaborates closely with the local business community to foster growth and innovation. Additionally, the city offers various business resources, including site selection assistance through partnerships with the Washington County Community Development Agency (CDA) and financial programs like Tax Increment Financing (TIF) and the Minnesota Investment Fund.
Community Growth and Demographics
With a projected 2026 population of 19,361 and a median household income of $105,853, Stillwater boasts a stable and prosperous community. The median age of 42.5 years reflects a mature and experienced workforce, contributing to the city’s economic resilience.
Future Outlook
Under the leadership of Community Development Director Jason Zimmerman, Stillwater is actively shaping its future through comprehensive planning and development initiatives. Projects like the 15-acre Lumberjack Landing park, developed in partnership with the National Park Service, aim to enhance recreational and educational opportunities along the St. Croix Riverfront. These efforts underscore the city’s commitment to sustainable growth and community enrichment.
In summary, Stillwater’s economic landscape is a testament to the successful integration of historical preservation and modern development. Through strategic planning and community collaboration, the city continues to thrive as a vibrant and economically robust community.