Elk River is located just 35 miles northwest of Minneapolis-St. Paul, while Highways 10, 169, 101 and nearby Interstate 94 provide fast and easy access to the cultural and sporting events of the greater metropolitan area. Elk River covers an area of 44 square miles, and has a population of more than 20,000.

The city and numerous local lenders provide innovative financing to new and expanding businesses. Programs include industrial revenue bonds, tax increment financing, supplemental micro loans and tax abatement as well as full service community banking opportunities. Elk River City officials are committed to retain the City's tax rate and high quality of life. Proper planning ensures that growth initiatives are effectively implemented and managed.