So many reasons to say yes.
Through our financing and incentive programs, GREATER MSP staff works with businesses considering a location or expansion in the region, drawing on a range of private and public financing options. GREATER MSP has the relationships and expertise to connect businesses with venture capital resources, private sources of capital and financing, and federal, state and local government financing and incentive programs.
Looking for more help with financing and incentives programs? Contact us anytime for help and consultation.
Minnesota Business Financing & Loan Programs
The Minnesota Department of Employment and Economic Development (Minnesota DEED) offers numerous financing programs designed to help Greater MSP companies retain jobs or create new jobs:
- Angel Tax Credit
- State Small Business Credit Initiative
- Minnesota Investment Fund
- Small Business Development Loan Program
- Urban Initiative Loan Program
- Indian Business Loan Program
- Minnesota Reservist and Veteran Business Loan Program
- Small Business Technology Transfer Program (STTR)
- Minnesota Job Creation Funding
Support for Manufacturers
Minnesota’s Growth Acceleration Program provides matching grants of up to $50,000.
Infrastructure Revolving Loan Funds
The Minnesota Public Facilities Authority administers several revolving loan funds to support the needs of new and expanding businesses, including the Transportation Revolving Loan Fund. Several programs exist to support water-related infrastructure, including:
- Clean Water Revolving Fund
- Wastewater Infrastructure Fund
- Small Community Wastewater Treatment Program
- Drinking Water Revolving Fund
Tax Incentives in Greater MSP
A wide variety of tax incentives and financial assistance, in addition to tax abatement, are available to help companies start up, expand, and relocate in the Greater MSP region. Incentives offered by the State of Minnesota generally are tied to wage and job creation goals. Incentives available through local governments are designed to enhance their communities and produce jobs.
- Data Center Incentives
- Research and Development Tax Credit
- Foreign Trade Zones
- Tax Increment Financing
Value Added Grant Program
The Value Added Grant Program, administered by the Minnesota Department of Agriculture (MDA), can help a business entity take the next step in their safety or business plan. The grant application is completed and submitted through MDA's online system at www.mda.state.mn.us/grants/grants/valueaddedgrant.aspx.
Economic Gardening Grant
Are you a company with $1 Million in revenue looking for customized information and guidance to help your company grow? Apply for an Economic Gardening Grant and open up the possibilities.