Economic Development Resources

Northwest Minnesota

Gap Financing Program Northwest Minnesota Foundation A gap lending system, tasks need main financing by way of 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 obtained to new services with an focus on brand brand new technologies. Entrepreneur Development Program Northwest Minnesota Foundation NMF staff provides technical help and funding to people who would you like to begin a small business or individuals attempting to expand a current company.

Southwest Minnesota

Company Finance Loan ProgramSouthwest Initiative Foundation Eligible tasks must produce or retain jobs that offer a livable wage with advantages, produce new wealth when it comes to area and diversify the economy of southwest Minnesota. The most loan quantity is $50,000. Microenterprise Loan ProgramSouthwest Initiative Foundation Customized help for business owners through ongoing assistance that is technical. The most loan amount is $50,000.

Northeast and North Central Minnesota

Company Finance ProgramNorthland Foundation Two types–direct loan and involvement loan. Loans generally cover anything from $50,000 to $500,000. Financing ResourcesEntrepreneur Fund Fund your online business development, acquisition, working money, or any other requirements with imaginative funding as much as and exceeding $250k. Company AssistanceIron Range Resources and Rehabilitation Board (IRRRB) Whether you are establishing a business that is new looking to expand, we possess the economic tools, committed support, and neighborhood 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 organizations when you look at the production or service sectors. Company and Industry Loan FundWest Central Initiative Foundation the continuing business and business Loan Fund can be used for loans from $20,000 to $300,000. All the loans in this investment are directed at manufacturing companies. Usage of Capital LoanWest Central Initiative Foundation WCI will match financial loan quantity as much as direct lender payday loans no teletrack 100 approval in pennsylvania $75,000. 100% LTV subordinated. Childcare LoansWest Central Initiative Foundation the most loan under this system is $3,500. These loans are to greatly help kid care providers get or keep licensure from their nation agency that is regulating.

Central Minnesota

Direct Business Loan FundInitiative Foundation Provides around $500,000 for value-added farming and production businesses that bring brand brand new income to communities. Tech Capital FundInitiative Foundation Provides around $500,000 for rising ventures that are high-tech technologies that enhance productivity. Green Business Loan FundInitiative Foundation Provides as much as $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 production, technology, wholesale along with other organizations.

Southeast Minnesota

Company Loan FundSouthern Minnesota Initiative Foundation Targets six key industries: bioscience, renewable energy, food/agriculture, manufacturing, technology, and medical care. Loans is likely to be considered up to $200,000; cannot exceed 50 % of this total task expense. Business Enterprise Loan FundSouthern Minnesota Initiative Foundation These loans help small enterprises or start-up entrepreneurs who create service, retail, neighborhood meals, and businesses that are manufacturing. $2,000 to $35,000 loan quantities. Foundations Loan FundSouthern Minnesota Initiative Foundation savings and technical assist help expand or enhance certified son or daughter care organizations. Loan size: from $1,000 – $15,000. Local Foods Loan FundSouthern Minnesota Initiative Foundation aids the start-up or expansion of organizations involved in locally or regionally produced agricultural food services and products. Loan bucks could be used to buy stock, materials, machinery/equipment, or utilized for working capital. Seed FundSouthern Minnesota Initiative Foundation aids start-up phase organizations that require money, company expertise, and networking opportunities. Helps organizations perform analysis and research, patent views and filings, and item evaluation and analysis. Investment amounts as much as $25,000. Southern Minnesota Equity FundSouthern Minnesota Initiative Foundation Financial capital and expertise to stage that is early start-up businesses. Optimum investment that is initial of100,000, entitled to follow-up opportunities.

Entrepreneurship

Angel Tax CreditDEED Provides a credit that is 25-percent investors or investment funds that put money into startup businesses focused on high technology, brand new proprietary technology, or an innovative new proprietary item, procedure or service in certain fields. The maximum credit is $125,000 per individual, each year ($250,000 if filing jointly). Angel Loan Fund Program DEED Provides a brand new capital 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 payment; needs to be eligible for Angel Tax Credit. MN Cup Carlson class of Management—University of Minnesota Supports appearing business owners from over the state through activities, academic development and a yearly 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 as well as other business owners. Investment Resources for Entrepreneurs Gopher Angels a combined band of accredited investors that are passionate about creating companies in Minnesota. GA searches for outstanding business owners who is able to turn their eyesight right into a effective company. Arrange It! A business owner’s help Guide to triumph Neighborhood Development Center Whether you are just starting out, have recently started operations or are really a business that is current looking for extra training, Arrange It! Is a superb possibility to build and expand your knowledge. The Norris Fund for tech Innovation William C. Norris Instistute—University of St Thomas Provides equity opportunities and convertible note loans all the way to $75,000, with deferred payback terms and warrants. The James Roger Fox M.D. Fund for Healthcare Innovation William C. Norris Instistute—University of St Thomas Provides seed money to revolutionary medical care technology organizations. Entrepreneurial Resources for Clean Tech Start-ups Cleantech Open Midwest a accelerator that is global early-stage clean technology startup organizations. Different Entrepreneurial Resources Minnesota Entrepreneur Network (MNEN) a friendly collaboration of business owner help businesses dedicated to growing the Minnesota entrepreneurial ecosystem. Resources for Inventors and Entrepreneurs Inventors’ Network we have been specialized in supplying academic & practical help people who are wanting to bring a concept towards the market. Different Entrepreneurial Resources The Network Connect We link companies with investors. Business owners, CEOs and internet marketers visited The system Connect for information beneficial to growing a small business.