Putnam County’s economic development efforts began in 1978 with the completion of the county’s first Overall Economic Development Plan (OEDP) and formation of an economic development committee. The plan was approved by EDA and allowed Putnam County to become eligible for grant funding for economic development projects.
Many of the county’s goals and objectives were met since the completion of the first OEDP. County and community improvements outlined the list, including services improvements, utilities, road and highway improvements, retail expansion, and transportation services.
The county’s most recent OEDP update took place in 1994. Many goals have been met since this update. An enterprise zone has been established located in Putnam and Bureau Counties. The Hennepin Business Association was formed uniting local businesses. Phone services in the county were upgraded and improved. Several communities made improvements to utilities while others were searching for funding sources.