Business Opportunities

Ely has a strong economic base comprised of tourism, small manufacturers, retail sales, artisans, and entrepreneurs.  Many well-known businesses started in Ely, including Steger Mukluks, Wintergreen Northern Wear, Crapola, and Razors Edge. We are fortunate to have many innovative individuals as part of our community.  We welcome new and established business owners who have a vision and desire to join our vibrant business community.

Whether you are planning to purchase an established business, transfer your business to our area, or create a start-up, we have some great resources to share.  Northeastern Minnesota is fortunate to have many organizations that offer planning resources, including Northland Small Business Development CenterEntrepreneur FundEly Economic Development AuthorityNorthspan, and Iron Range Resource and Rehabilitation.  These organizations provide services for business plans, business development training, funding, and other business supports.  The Ely Chamber of Commerce offers a comprehensive newsletter with resource contacts and an informative "Let's Talk Numbers" section.  

What types of businesses is Ely known for? We have many outdoor gear and clothing businesses that manufacture their products locally.  Artists and crafters provide creative and original arts and crafts for sale in area shops and galleries.  Retail businesses provide an array of products and services ranging from hardware to clothing and gifts.  What businesses do we need?  Daycare and transportation services are two excellent opportunities needed to support our community's needs.  These are just a couple of ideas - we are always excited to have businesses that expand products and services offered to our community.