State of Minnesota Business Resources
Minnesota Capital Equipment Sales Tax Exemption
If a business buys or leases qualifying capital equipment for use in Minnesota, businesses are eligible for an exemption or a refund of state and local sales or use tax paid. The purchaser must use the machinery primarily for manufacturing, fabricating, mining, or refining tangible personal property.
Minnesota Data Center Sales Tax Incentive
For companies that build data or network operation centers of at least 25,000 square feet and invest $30 million in the first four years qualify for tax breaks. Qualifying projects receive sales tax exemptions for 20 years on computers and servers, cooling and energy equipment, energy use and software.
Minnesota Job Skills Partnership
Program focuses on providing training for both new and existing employees of participating businesses. Businesses must partner with an accredited Minnesota educational institution. Grants up to $400,000 are awarded to educational institution to develop and deliver training specific to the business needs.
Job Creation Fund
– 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 making other property improvements. In some cases, companies may receive awards of up to $2 million.