Incentives
Results
Minnesota's Angel Tax Credit provides a 25-percent credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields.
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Eligible applicants are manufacturing and service businesses located anywhere in Benton County. Retail businesses are not eligible for funding. Funding in St. Cloud is limited due to the county’s loan funding source criteria. • Borrowers can use county funds for fixed asset purchases such as...
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Companies that build data or network operation centers of at least 25,000 square feet and invest at least $30 million within 48 months may qualify for valuable tax breaks.
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Key PointsObjectiveTo create and retain jobs and attract and encourage economic growth.Main Project Eligibility CriteriaAll nonretail and nonfarm business types that provide benefit to the ECE membership and the communities in which they do business will be considered. Public infrastructure including sewer and water projects...
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The Minnesota Investment Fund provides financing to help add new workers and retain high-quality jobs on a statewide basis.The focus is on industrial, manufacturing, and technology-related industries to increase the local and state tax base and improve economic vitality statewide.
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The Job Creation Fund is a “pay-for-performance” assistance program for companies meeting certain job creation and capital investment targets. Companies deemed eligible may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or making other property improvements...
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The Minnesota Reservist and Veteran Business Loan Program provides business loans to companies that are affected when certain employees are called to active military duty and to individual veterans who have returned from active duty and want to start their own business.
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Opportunity Zones are a new community development program established by Congress in the Tax Cut and Jobs Act of 2017 to encourage long-term investments in low-income and urban communities nationwide.
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Is your businesses, farm, multi-family housing building, nonprofit, or place of worship interested in energy efficiency or adding renewable energy like solar? A new financing tool called Property Assessed Clean Energy, or PACE, can help you move forward.How does PACE work? PACE financing is repaid...
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Companies that engage in certain research and development (R&D) activities in Minnesota may qualify for the Credit for Increasing Research Activities.
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Eligible applicants are new or businesses located anywhere in Rice. Applicants must be in compliance with local government zoning codes as well as all other local, state, and federal laws applicable to them. The Rice Loan may provide up to 45% of the total project cost and not to exceed $100,000. Loans in excess...
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The City of Sartell has authority to provide financial assistance to development and redevelopment projects that provide benefit to the community. The use of Tax Increment Financing (TIF) and property Tax Abatement Financing (TAF) is governed by Minnesota Statute. The city will consider requests for local funding for projects that satisfy community development goals and...
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Sauk Rapids offers a full range of incentives that can be used to help make projects work. Such as Tax Increment Financing (TIF), Tax Abatement Financing (TAF), low interest loans, grants, land write downs, fee reductions or even possible waivers. Applications and Fees are provided after assessment of project and mutual interest. For more information Contact tschultz@ci.sauk-rapids.mn.us
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Whether you're an entrepreneurial start-up or an expanding manufacturer, several resources/services are available to help grow your business in St. Cloud. The St. Cloud Economic Development Department is here to provide you with personalized services. Programs are offered by local and state governments and other entities. Generally,...
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The purpose of the City of St. Cloud Economic Development Revolving Loan Fund (RLF) is to deploy and sustain a local pool of money to support private economic development and redevelopment projects for the benefit of the City of St. Cloud.Revolving Loan Funds may be...
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