Although Crookston has historically been an agricultural-based community, industry has become an important part of the economic base. Crookston is home of the University of Minnesota, Crookston, the original "ThinkPad University".

The Crookston Housing and Economic Development Authority (CHEDA) works closely with businesses in the Crookston area to ensure entrepreneurs and business owners have access to the resources they need for success. Residents live by the slogan, "Keep Business in Crookston, Keep Crookston in Business" knowing that the local merchant is a friend and business associate.

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