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Council approves lowering taxes, loans for business expansion

City News November 13, 2026

At its meeting Monday, the Albert Lea City Council held a public hearing and then voted to approve financial assistance for D & S Holdings to expand Pro Manufacturing on 209th Street, a service road off East Main Street. The company offers manufacturing, coating and delivering of steel products.

Citing an increase in jobs and the local tax base, the council voted to offer:

  • A tax abatement, which is lowering the city’s portion of the company’s property taxes for 10 years starting in 2028, not to exceed $129,000. The Freeborn County Board and School District 241 Board have also approved abatements of $128,000 and $43,000, respectively.
  • A $50,000 forgivable loan if maintaining at least 5 new jobs for at last 5 years.
  • A $300,000 loan at 0% interest to be paid back over 10 years.

The company is planning a $2 million expansion, including a new building and equipment.

For more information and other council action: