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| The purpose of this fund is to provide a financing mechanism to qualified business applicants located within the Aitkin County area, to enable them to expand the primary economic base and employment opportunities of the Aitkin County area. Loans may be subordinated to the interests of private sector lenders with respect to collateral in order to encourage their involvement. |
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Arrowhead Regional Development Commission (ARDC), in cooperation with the US Economic Development Administration (EDA) has developed a business loan program which provides below market rate financing for eligible businesses.
The primary objective of the program is the stimulation of private investment in order to create and maintain productive, permanent employment through the establishment of new businesses or the expansion of existing businesses. Loans may be subordinated to the interests of private sector lenders with respect to collateral in order to encourage their involvement.
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| This program provides loans to assist those businesses and industries, which have an economic impact on Carlton County. The program is designed to expand and diversify the area's economic base by creating new private investment in the region. The interests of private sector lenders with respect to collateral may subordinate loans in order to encourage their involvement. |
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| To offer existing Silver Bay area businesses an incentive to improve the appearance of their storefront. |
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| To provide low interest loan gap financing to qualifying business. |
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To promote economic development within Cook County by providing loans to businesses located or to be located within Cook County and to promote affordable housing for employees of those businesses as necessary for continued economic development within the County.
Loans made or provided by the County are intended: to create and maintain permanent private sector jobs, expand the tax base and increase economic productivity; and/or
to create the inducement necessary to allow a project to proceed, and/or to assist first time homeowners with their down payment when they are sponsored by a Cook County-based employer or employer association.
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| To promote economic growth in Douglas County through recruitment, expansion and retention of business and industry. |
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| This is fund is available in Duluth only. The 1200 Fund provides incentive loans for business expansions and relocations which will create jobs in the City of Duluth. Loans will be made to eligible businesses to create the inducement necessary to structure financial packages. |
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| To stimulate building renovation and improve the overall appearance of the city of Duluth's many historic and architecturally interesting buildings. This program provides the financial tools necessary to allow building owners and tenants to repair, rehabilitate, and protect these structures. |
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The purpose of the East Range Joint Powers Board (ERJPB) Development Loan Program is to promote local economic development by providing loans to businesses located or to be located within the East Range area.
Loans made or provided by the ERJPB are intended to create and maintain permanent private sector jobs, expand the tax base, increase economic productivity and to create the inducement necessary to allow a project to proceed.
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| To stimulate commercial development in Eveleth by providing loans for business development.
The City of Eveleth, through its Economic Development Authority (EEDA), provides loans to new or existing Eveleth businesses through GAP financing. These loan funds may also be used for code violation and energy renewal.
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| The Commercial Building Improvement Program is a revolving loan fund intended primarily to help building owners and retail tenants improve the appearance and function of their existing buildings. Secondary purposes are to remove blight, increase competitiveness, strengthen the tax base and improve the viability of small businesses in the Grand Rapids commercial districts. Cost sharing in new construction will be considered on a case by case basis. |
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| The purpose of the Downtown Redevelopment Loan Fund is to provide short-term near market rate loans for the acquisition of properties necessary for the completion of downtown redevelopment projects aimed at correcting or replacing existing blighted/substandard buildings. These loan funds are intended to be replaced by private commercially available financing at the earliest point possible. |
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| Great River Energy (GRE) offers a flexible business loan program, which is designed to respond to the various financing needs of rural businesses. This program focuses primarily upon manufacturing and tourism-related businesses, and works in partnership with local banks and other economic development lenders. GRE's Business Development team coordinates all communications with participating lenders, making the loan process as simple as possible for applicants. |
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| The Hibbing Economic Development Authority (HEDA) business loan program was created with the expressed purpose as follows: “to assist in the creation and maintenance of productive, permanent skilled employment” through the establishment of new or expanding private sector business located in the City of Hibbing. |
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| Business loan program with the expressed purpose "to create and maintain productive, permanent skilled employment" through the establishment of new businesses or the expansion of existing businesses in the private sector. This program is limited to businesses, which reside or will reside within the Taconite Assistance Area. |
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| The commissioner of the Iron Range Resources agency has the ability to issue industrial revenue bonds to provide financing for specific projects. Revenue bonds can provide long term fixed rate financing for industrial manufacturing projects. |
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| The purpose of the Koochco Loan Program is to create and maintain permanent employment through the establishment of new businesses or the expansion of existing businesses in Koochiching County. Koochco normally purchases a participation in a loan provided by a private financing institution and shares in a first position with respect to collateral. |
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| The Minnesota Community Capital Fund (MCCF) leverages millions of dollars in underutilized Revolving Loan Fund (RLF) capital on behalf of local communities and economic development organizations throughout Greater Minnesota. This flexible loan Fund provides participants the capability of offering much larger loans than would be possible with limited local resources and professional fund management services. |
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| The Minnesota Indian Business Loan Program supports the development of Indian-owned and operated businesses and promote economic opportunities for Native American people throughout Minnesota.
Each band or tribe is allocated funds from the Indian Business Loan Fund, based on the number of enrolled members. The Department of Employment and Economic Development (DEED) administers the program and services the loans, while the appropriate tribal council approves loan applications. |
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| The Minnesota Investment Fund provides low interest loans to help add new workers and retain high-quality jobs on a statewide basis. The focus is on manufacturing and technology-related industries to increase the local and state tax base and improve the economic vitality for all Minnesota citizens.
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| The Minnesota Jobs Skills Partnership (MJSP) Program strategically helps Minnesota businesses and schools competitively train the workforce. Grants are awarded by the Minnesota Job Skills Partnership Board to educational institutions that partner with businesses to develop new-job training or retraining for existing employees. All training projects pair at least one public/private accredited Minnesota educational institution and one business. |
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| The Northeast Entrepreneur Fund assists people considering starting or expanding a small business with planning including developing the idea, targeting markets, determining financial feasibility, and setting personal and business goals. The Entrepreneur Fund helps prepare people to find financing through its own loan fund or through other traditional and non-traditional sources. The loan fund is a flexible source of financing for people who have no other access to capital. The introductory session is free of charge. |
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The Northland Foundation Asset Building Loan Fund provides below market interest rate financing to eligible businesses that are both credit worthy and meet certain social criteria that go beyond basic employment outcomes. The social criteria will be designed to meet the uniqueness of each financing project and will include areas such as: Employment benefits; family-sustaining wage levels; individual development accounts; employment of moderate and low-income persons; other means of building assets among employees.
We anticipate most financing provided through the program will be structured along with other financial participation, although it is not required. |
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The Northland Foundation in cooperation with several funding partners has developed a Business Loan Program for the purpose of providing below market rate financing for eligible businesses in Northeastern Minnesota.
The principal objectives of the program are to stimulate private investment, and provide job opportunities particularly for low-income persons through the establishment of new businesses or the expansion of existing businesses. Loans may be subordinated to the interests of private sector lenders with respect to collateral in order to encourage their involvement.
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| The Northland Foundation, in partnership with Iron Range Resources, has established a Loan Guarantee Program available to banks acting on behalf of their commercial borrowers. Under the program, a bank will provide standard commercial financing, and this program will guarantee a portion of the loan against deficiency. The Loan Guarantee Program is intended to increase the availability of bank credit otherwise not available based on normal lending criteria. |
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| To promote private-sector investment in long-lived assets and to create jobs by addressing capital gaps in market for long-term debt. |
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| NWREDF-RLF provides low-cost financing to businesses seeking to either start or expand their operations in Northwest Wisconsin. |
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| NWREDF-RLF provides low-cost financing to businesses seeking to either start or expand their operations in Northwest Wisconsin. |
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| The Pathways Program, which is a Minnesota Job Skills Partnership (MJSP) Program activity, acts as a catalyst between business and education in developing cooperative training projects for individuals who are at or below 200 percent of federal poverty guidelines or who are making the transition from public assistance to the workforce. The MJSP Board awards the grants.
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| The purpose of the Small Business Development Loan Program is to create jobs and provide loans for business expansions. Small business loans are made by the Minnesota Agricultural and Economic Development Board (MAEDB) through the issuance of industrial development bonds backed by a state-funded reserve of 25 percent.
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| This program is intended to promote economic development within and surrounding the City of Two Harbors by providing loans or other financing assistance to businesses, which would locate or expand within the city or in an area having an economic impact on the city. The program is designed primarily for those businesses, which are not able to obtain adequate or appropriate financing from other sources. |
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| Venture/angel capital investments in NW Wisconsin. |
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