Stillwater, Minnesota, renowned for its historic charm and scenic riverfront, is experiencing a dynamic phase of economic development. With a population of approximately 19,336 residents and a median household income of $105,853, the city offers a robust foundation for business growth and community prosperity.
Economic Development Initiatives
The City of Stillwater has established the Stillwater Economic Development Authority (EDA) to enhance its economic landscape. The EDA focuses on analyzing development needs, facilitating site assembly, and exploring public financing options for various projects. This proactive approach aims to foster a business-friendly environment and stimulate local economic growth.
Support for Local Businesses
Recognizing the importance of local enterprises, Stillwater collaborates with organizations like the Washington County Community Development Agency (CDA) to assist businesses with site selection and financial resources. Programs such as Tax Increment Financing (TIF) and the Minnesota Investment Fund are available to support viable projects with unique economic development needs.
Community Development Leadership
In February 2026, Jason Zimmerman joined as the new Community Development Director, bringing a fresh perspective to the city’s growth strategies. Zimmerman is actively working on the Comprehensive Plan, which will guide Stillwater’s development efforts for the next two decades. His focus includes enhancing local amenities and ensuring equitable access to services across the city.
Riverfront Enhancements
The St. Croix Riverfront remains a focal point for community engagement and economic activity. Upcoming projects like Lumberjack Landing, a 15-acre park developed in partnership with the National Park Service, aim to provide both recreational and educational opportunities. Additionally, a $6 million grant from the Minnesota Legislature is set to fund various park improvements, further enriching the riverfront experience.
Thriving Downtown and Events
Downtown Stillwater continues to thrive, thanks to collaborative efforts between the city, local businesses, and organizations like Discover Stillwater and the Chamber of Commerce. The area hosts numerous events throughout the year, from art fairs to classic car shows, attracting visitors and supporting the local economy. The closure of the lift bridge has transformed downtown into a more walkable and vibrant space, enhancing the overall community experience.
Through strategic planning and community collaboration, Stillwater is poised to continue its trajectory of meaningful growth, ensuring a prosperous future for residents and businesses alike.