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 primaril...
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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...
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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 institution...
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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 reasonabl...
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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 lender...
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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, i...
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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 guarantee...
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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% an...
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About the Micro-Enterprise Program
The Micro-Enterprise Program of SWIF was created to help entrepreneurs develop small business and self-employment opportunities through micro-loans and technical assistance. Loans of $500 to $35,000 are available for start-up or existing for-profit small businesses that do not have reasonable access t...
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About the Renewable Energy Loan Program
The purpose of the Renewable Energy Loan Program is to assist businesses engaged in renewable energy activities, whether directly or indirectly, that help build the renewable energy industry in the 18 counties of southwest Minnesota. One of the key economi...
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About the Revolving Loan Fund
SWIF’s Revolving Loan Fund is designed to support small business growth throughout the 18-county southwest Minnesota region. Businesses that create and retain quality employment by generating new wealth and diversifying the regional economy are eligible.
Eligibility
Eligible businesses may be either start-ups o...
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About the Small Communities Loan Program
The Small Communities Loan Program offers loans in communities with populations of less than 1,500 for community-based projects that support and enhance the vitality of the community.
Eligibility
Community and business projects may be eligible, and include, but are not limited to:
Smal...
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The Swift County and Swift County RDA Revolving Loan Funds are designed to provide gap financing for businesses and industry starting up or expanding within Swift County. The Swift County RLF is used typically for loan requests over $25,000 and the Swift County RDA RL...
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About Tax Abatement
With Tax Abatement, the County rebates its portion of property taxes back to the property owner who then uses it to help offset development and/or redevelopment costs. The availability of tax abatement is limited – in any given year, for all economic developmen...
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About TIF
The Swift County Rural Development Authority is willing to consider the employment of Tax Increment Financing (TIF) for eligible projects. In a nutshell, the difference between a property’s original property taxes and the property taxes due on a property after it has bee...
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Prairieland Economic Development Corporation
The Southwest Initiative Foundation (SWIF) is a regional organization funded by the McKnight Foundation for the purpose of promoting community and economic development over the 18 county area of southwestern Minnesota.
About IRP
The IRP (Intermediary Re-lending Program) is a loan to Prairieland ED...
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About Western Minnesota Revolving Loan Fund
The WesMN RLF, a nonprofit 501 (c)(3) corporation, was established in 1988 as a gap financing lender for new or expanding businesses in Region 6W. The loan fund was capitalized by grants from the U.S. Department of Commerce Economic Developmen...
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