Editing Claremont, Minnesota (section)

==Economy==
The economy of Claremont is primarily supported by key industries, including health care and social assistance, manufacturing, and construction. As of recent data, health care employs the largest number of residents, with around 39 individuals working in various roles within this sector.<ref>{{cite web |title=Claremont, MN Economy Overview |url=https://datausa.io/profile/geo/claremont-mn/ |publisher=Data USA |accessdate=November 9, 2024}}</ref> Manufacturing provides employment to approximately 36 residents, while construction employs around 23 people.<ref>{{cite web |title=Claremont, MN Economic Data |url=https://datausa.io/profile/geo/claremont-mn/ |publisher=Data USA |accessdate=November 9, 2024}}</ref>

The median household income in Claremont is estimated at $72,000, slightly below the state median, and the per capita income is $26,758.<ref>{{cite web |title=Claremont City Profile |url=https://censusreporter.org/profiles/16000US2711566-claremont-mn/ |publisher=Census Reporter |accessdate=November 9, 2024}}</ref> Approximately 19.7% of the population lives below the poverty line, which is higher than the state average.<ref>{{cite web |title=Claremont Economic Statistics |url=https://censusreporter.org/profiles/16000US2711566-claremont-mn/ |publisher=Census Reporter |accessdate=November 9, 2024}}</ref>

The Claremont Economic Development Authority (EDA) actively supports local businesses and aims to attract new enterprises. The EDA offers a Façade Improvement Program, providing matching grants of up to $2,500 to enhance downtown aesthetics, and a Revolving Loan Program that offers low-interest loans to small and medium-sized businesses.<ref>{{cite web |title=City of Claremont Economic Development Programs |url=https://www.claremontmn.com/?sec=9a027ec3-5ff2-4b30-8517-df1247c9f00e |publisher=City of Claremont |accessdate=November 9, 2024}}</ref>

Claremont’s economy, while modest, plays an essential role in supporting the surrounding agricultural and rural community through these local programs and steady employment in its core sectors.