About the Virginia Eveleth Development Authority

Facilitating Economic Development in Northeastern Minnesota

The Virginia Eveleth Economic Development Authority (VEEDA) was formed in 1994 through a Joint Powers Agreement by which both the cities of Virginia and Eveleth could jointly and cooperatively facilitate economic development.

The VEEDA members, the Virginia Economic Development Authority and the Eveleth Economic Development Authority, appoint three commissioners and one alternate to the VEEDA board. Then the six appointed commissioners appoint one at large commissioner and one at large alternate. 

With the receipt of funds through Iron Range Resources, the Federal Economic Development Authority, the Community Development Block Grant, St. Louis County, and the cities of Virginia and Eveleth, Progress Park’s infrastructure was funded. Roads, sewer and water run through the Park and two 30,000 square foot buildings were constructed.

VEEDA owns the two 30,000 square foot buildings in the Park which are available for lease (see additional detail on these buildings and land available under Property Information). Another 42,000 square foot building occupies the Park and is owned by Spectrum Community Health. For more detail on companies that call the Park home, please refer to the Progress Park Companies page.

The Iron Range Resources agency was instrumental in the original planning of the Park and continues as an active partner in supporting the economic development efforts of VEEDA.