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State Incentives

Redevelopment Grant Program

The Redevelopment Grant Program helps communities with the costs of redeveloping blighted industrial, residential, or commercial sites and putting land back into productive use.

MN Deed Information

Redevelopment PDF

Category: Minnesota State Incentives

More Minnesota State Incentives

Minnesota's Angel Loan Fund Program (ALF) provides an additional funding option for businesses certified to participate in Minnesota's Angel Tax Credit Program. Overview The program provides a direct loan for 10 percent of the total amount of equity investment received in the business' approved funding round. Only on... Learn More
What does this program do? This program bolsters the availability of private credit by guaranteeing loans for rural businesses. Who may apply for this program? Lenders with the legal authority, sufficient experience and financial strength to operate a successful lending program. This includes: Federal or state-chartered banks Savings and loans Farm credit banks Credi... Learn More
Get help after 2017 hurricanes Hurricane Maria Learn More Hurricane Irma Learn More Hurricane Harvey Learn More Who can use an SBA disaster loan The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters. Physical damage Loans to cover repairs and replacement o... Learn More
Who may apply for financing? Energy project developers for distributed energy projects Electric Program borrowers or other utilities that serve rural areas How may funds be used? For project loans, there are three typical situations: Existing borrower (cooperative) owns and operates the project. A project developer builds and operates the projec... Learn More
Overview The Minnesota Emerging Entrepreneur Loan Program (ELP) supports the growth of businesses owned and operated by minorities, low-income persons, women, veterans and/or persons with disabilities. DEED provides grant funds to a network of nonprofit lenders which use these funds for loans to start-up and expandin... Learn More
The Initiative Foundation works to create economic opportunity by lending funds to locally owned businesses. The Initiative Foundation is certified as a Community Development Financial Institution, or CDFI. The certification from the U.S. Department of the Treasury’s CDFI Fund signifies that the Foundation meets stringent requirement... Learn More
The Minnesota 21st Century Fund makes loans or equity investments in innovative mineral, steel, or other industry processing, production, manufacturing, or technology projects located in the taconite relief tax area. The fund may also make grants to municipalities or counties for public infrastructure to suppor... Learn More
The Minnesota Innovation Loans for Entrepreneurs (MILE) program provides interest-free loans to early stage businesses developing or producing high-tech products or services in Minnesota. This program is an initiative of the Minnesota Investment Fund. MILE seeks to accelerate the commercialization of research, fuel the growth o... Learn More
Overview Funds are awarded to local units of government who provide loans to assist expanding businesses. Cities, counties, townships and recognized Indian tribal governments are eligible for this fund. Before You Apply Use this checklist to determine if your project may be eligible for MIF financing. You must meet AL... Learn More
The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or makin... Learn More
NCEDA provides financial assistance to businesses through low interest loans for business expansions, new businesses and transfers of ownership in Region Five.  The program is designed to offer fixed asset and working capital financing for new and expanding businesses. Eligible uses include: - Acquisition and/or improvemen... Learn More
What does this program do? This program is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas which will employ 50 or fewer new employees and ha... Learn More
The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimat... Learn More
What does this program do? Provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses to purchase or install renewable energy systems or make energy efficiency improvements. Who may apply? Agricultural producers with at least 50% of gross income coming from agricultural operations, and Smal... Learn More
The SBA helps small businesses get loans The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. Th... Learn More
Announcement : Open Letter From Assistant Administrator(PDF) to all RUS Telecommunications Infrastructure Borrowers, Farm Bill Broadband Borrowers and Broadband Initiatives Program ("BIP") Borrowers ("Borrowers") that currently submit dual Operating Reports through the on-line Data Collection System ("DCS") and Borrower Collection and Analysis system ("BCAS"). Announcement : Effective October 18, 2016... Learn More
TCDC RLF funds provide additional access to capital for new and emerging small businesses where traditional sources of funding are unavailable or limited.  Strong consideration is given to value added agricultural manufacturing, technology, commercial/industrial and product manufacturing businesses that retain or create quality jobs.  RLF funds ar... Learn More
Overview Our Tourism Business Septic Tank Replacement Program makes low-interest financing available to existing tourism-related businesses that provide overnight lodging and need to replace a failed septic system. Participation loans in cooperation with financial institutions can be made for up to 50 percent of the total cos... Learn More
For additional information on USDA Rural Development programs please visit https://www.rd.usda.gov/mn or contact the Alexandria, MN office.     Learn More
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TCDC RLF funds provide additional access to capital for new and emerging small businesses where traditional sources of funding are unavailable or limited.  Strong consideration is given to value added agricultural manufacturing, technology, commercial/industrial and product manufacturing businesses that retain or create quality jobs.