Coon Rapids Economic Development
River North Apts

Current Major Development Projects

River North Senior Apartments

Construction is nearly complete on a 167-unit senior apartment building adjacent to the Coon Rapids Ice Center, located at 109th Ln. and Crooked Lake Blvd. River North Senior Apartments is expected to open ahead of schedule in December.


Riverdale Station Apartments

Riverdale Station Apartments

Plans are in the works to develop housing next to the Northstar Commuter Rail station (behind Target) on land owned by the Anoka County Regional Rail Authority This plan will include a 174-unit market rate apartment building, a 69-unit mixed-income apartment building and a small retail component.

Mercy Hospital Expansion

Mercy Hospital Expansion

Mercy Hospital is working on a 40,000 square foot expansion and the addition of a three level parking deck.

rms expansion

rms Company

rms Company, which currently has 711 employees in Coon Rapids and is the City's largest private employer, is constructing a 60,000 square foot addition to its 215,000 square foot Evergreen Boulevard location. The company plans to create at least 100 new jobs within two years of completing the project.

New and Expanding Businesses in Coon Rapids

Northstar Sleep Center: 3824 Coon Rapids Blvd.: Health & Nutrition
Hobby Lobby: 13050 Riverdale Drive: Shopping & Specialty Retail
Courage Kenny Rehab: 11850 Blackfoot St. #400: Health & Nutrition
Century Link: 13060 Riverdale Drive: Shopping & Specialty Retail
ProStaff: 200 Coon Rapids Blvd. #110: Business & Professional Services

Metro North Chamber of Commerce

Coon Rapids Business Council Meeting

Business owners are invited to attend the November Coon Rapids Business Council Meeting. The group is open to Coon Rapids business owners and is an opportunity to network, learn about projects going on in the community and build connections.

Tuesday, November 22
7:30 a.m. to 9 a.m.
Bunker Hills Event Center
East Ballroom
12800 Bunker Prairie Road
Coon Rapids, MN 55448

Sara Criger, President of Mercy Hospital, will be the featured guest speaker at this event.

Financial One Credit Union

Financial One Credit Union

Business Spotlight

During The Great Depression in 1933, Financial One Credit Union opened its doors in Columbia Heights. Nearly 60 years later in 1992, a second office opened in Coon Rapids, where its headquarters remains today. A third branch is located in Blaine.

Now with 8,000 members, the Coon Rapids Financial One Credit Union branch is the largest of the three branches, and is a member-owned and controlled financial cooperative dedicated to improving the financial well-being of its members.
 “We aim to provide great value. That’s what we hang our hat on. Value, service and giving back to the community,” says Ross Bloomquist, President and CEO of Financial One.

Financial One also prides itself on its partnership with the Disabled American Veterans of Minnesota, an organization who they have worked with for the past five years, and are at the cornerstone of a new program recently implemented by the Financial One Board of Directors.

“We have a new program called the 3 Essentials that we just rolled out. We’ve made a commitment to give back to the communities we serve. For every auto loan we do, we are giving 100 pounds of food to a local food shelf. For every home equity or home loan, we will provide one night of housing and for every checking line of credit, a coat or an item of clothing will be given to a veteran,” says Bloomquist.

The Financial One Coon Rapids Branch just completed a major renovation at its location on Robinson Drive. The company now has its sights set on opening a fourth location in Fridley as Financial One continues to grow at five times the rate of a typical credit union in the United States. Financial One serves residents and businesses in Anoka County, Northeast Minneapolis and the city of Champlin.
Read more featured Business Spotlight stories here.

Open to Business Program

Looking for a trusted adviser for your business? Maybe you’ve wanted to secure financing to start or expand your business? If so, "Open to Busines" may be just what you’re looking for.

Thanks to a partnership between the City and the Metropolitan Consortium of Community Developers (MCCD), business owners or those looking to start a new business can access a program called Open to Business.

Sissy's Fresh Farms owner Lisa Fahey wanted to promote health, nutrition and sustainability by growing microgreens. Fahey turned to Open to Business for help in financing. Read her story here. 

Open to Business

Business Resources Online

Visit the City of Coon Rapids website to discover many different resources to help businesses! From grants and loans available for business, to licensing and signage requirements in the City of Coon Rapids, our website has a wealth of information to help you and your business!

Doing Business Here
Open to Business - FREE Program
Economic Gardening Program
Available Commercial and Industrial Property
Financial Resources/Incentives
Business Licensing
Request a Business Visit
Quarterly Economic Development Report



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