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State of Minnesota Business Resources

01/

Redevelopment Grant Program

Helps communities with the costs of redeveloping blighted industrial, residential, or commercial sites and putting land back into productive use.

02/

Brownfields & Contamination Clean-Up Grant

The Contamination Cleanup and Investigation Grant Program helps communities pay for assessing and cleaning up contaminated sites for private or public redevelopment. Grants pay up to 75 percent of the costs to investigate.

03/

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.

04/

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.

05/

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.

06/

Small Business Development Loan

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.

07/

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.

08/

Minnesota Investment Fund

Is a loan program through the Minnesota Department of Employment and Economic Development to provide loans to assist expanding businesses. Must meet minimum criteria for private investment, number of jobs created or retained, and wages paid.

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