Underwood Area Economic Development Corporation
UAEDC, or the Underwood Area Economic Development Corporation, is a North Dakota non-profit corporation whose mission is to "provide a dynamic atmosphere that allows our businesses to prosper and to provide the highest quality of life for the families of our community and the surrounding area." Started by members of the Underwood business community in 1990, the UAEDC continues to operate today with a volunteer Board of Directors that fuels the economic development of the community.
UAEDC is responsible for hosting Underwood's Visioning Session in 2007 and most recently for gaining acceptance of Underwood into the Horizons Program (funded by the Northwest Area Foundation of St. Paul and facilitated by North Dakota State University). Both of these efforts focus on getting the community's input into the strategic plan for the city. In addition, Underwood is currently the subject of a national study on marketing rural communities to attract and retain workers. UAEDC will be working closely with economics and marketing experts on the development of its plan to build the city.
Part of the strategic plan includes the offering of several incentives to both businesses and residents to locate in Underwood. For businesses, these incentives take the form of special tax exemptions if the business locates in the Renaissance Zone. In addition, the Underwood Revitalization Fund provides low-interest loan financing for qualified businesses, and the Main Street Program offers grant funding of qualified businesses desiring to update the exterior of their businesses. For residents, these incentives take the form of special tax exemptions if the home is located in the Renaissance Zone. In addition, qualified residents may also take advantage of the Down Payment Assistance Program.
Underwood Vision Statement
Underwood is a growing community attractive to all who want to be part of a compassionate, caring, and accepting place. We provide recreation and services for those who want to grow, prosper, and retire in a place they call home.
Underwood Public School is the pride of the community. It provides world class education and activities in a dynamic learning environment for youth and adults.
We are a diverse and vibrant business community that excels in quality and service from the perfect T-Bone steak to the best medical care. Residents and visitors alike can find it all in Underwood.
Our beautiful city has a proud history and a promising future.