Incentives Directory

Job Creation Fund (JCF)

About JCF  Job Creation Fund (JCF) program provides job creation awards of up to $500,000 and capital investment rebates of up to $500,000 for qualifying businesses. Eligibility Eligible businesses will apply through a local government where their new or expanding business will be located and must be primarily engaged in manufacturing, warehousing, distribution,

Category: State Financing

Minnesota Investment Fund

Minnesota Department of Employment and Economic Development About MIF The Minnesota Investment Fund (MIF) was created to facilitate the creation & retention of high quality jobs on a statewide basis, increase both the local & state tax base, and to improve the economic vitality of the state. The focus of the program

Category: State Incentives

Minnesota Job Skills Partnership Program (MJSP)

Through our Minnesota Jobs Skills Partnership program we work strategically with businesses and educational institutions to train or retrain workers, expand work opportunities, and keep high-quality jobs in the state. Our training grants are used to offset training-related expenses incurred by business, industry and educational institutions necessary to meet current and

Category: Business Incentives

Rural Electric Economic Development, Inc.

The REED Fund provides financing and helps leverage investment in small communities and rural areas, targeting projects that will promote growth and contribute to job creation, wealth creation and improvements in the infrastructure and economic base. The REED Fund provides needed development capital at reasonable rates to cooperatives, for-profit businesses,

Category: Regional Financing

SBA 504 Loan Program

Minnesota Business Finance Corporation The Minnesota Business Finance Corporation (MBFC) is a nonprofit corporation set up to contribute to the economic development of the central Minnesota region. As a 504 Certified Development Company (CDC), the MBFC works with the Small Business Administration and private sector lenders to provide financing to small

Category: State and Federal Financing

SBA 7(a) Loan Guaranty Program

About SBA 7(a) The 7(a) Loan Guaranty Program is one of SBA’s primary lending programs. It provides loans to small businesses that are unable to secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders, which provide loans that are, in turn, guaranteed by the Small

Category: State and Federal Financing

SBA Express Loan Program

About SBA Express Loans The SBA Express loan program is a simplified loan guarantee program that is essentially the same as its 7(a) loan program. The Express program is typically much faster and easier than the 7(a), however loan amounts cannot exceed $350,000. The SBA guarantees 50% of the loan and

Category: State and Federal Financing

Small Business Development Loan Program

About Small Business Development Loans The Minnesota Agricultural and Economic Development Board (MAEDB) administers this loan program in order to promote the creation of jobs and assist business expansions in the state. The MAEDB issues industrial development bonds backed by a state-funded reserve of 25% and uses the proceeds to provide

Category: State and Federal Financing

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