Minnesota

Minnesota provides a variety of grants and financial incentives to support job creation, workforce development, and infrastructure expansion. Programs like the Minnesota Job Creation Fund and the Minnesota Investment Fund are designed to encourage business growth, while additional resources are available to support startups, underserved communities, and infrastructure projects.

Minnesota Job Creation Fund

• Purpose: Provides financial incentives to businesses expanding or relocating to Minnesota.
• Eligibility: Businesses creating at least 10 new full-time jobs and investing at least $500,000.
• Benefit: Up to $1 million in grants based on job creation and capital investment.
• Application process: Apply through the Minnesota Department of Employment and Economic Development (DEED).
• More info: Focuses on manufacturing, warehousing, distribution, and technology sectors.

Minnesota grants for small businesses

For Minnesota grants for small businesses, the Minnesota Job Creation Fund offers essential funding to support businesses expanding in key industries, fostering economic growth and job creation within the state.

Other relevant programs in Minnesota

• Minnesota Job Skills Partnership: Supports partnerships between businesses and educational institutions with grants up to $400,000 for training programs. Applications are processed through DEED.
• Minnesota Investment Fund: Provides financing up to $1 million for projects that create or retain high-quality jobs, with a focus on industrial and technology sectors. Some loans may be partially forgivable.
• Angel Tax Credit: Offers a 25% tax credit to investors in high-technology or proprietary technology startups, promoting access to capital for emerging companies.
• Greater Minnesota Business Development Public Infrastructure Grant Program: Provides grants up to 50% of eligible capital costs for infrastructure projects outside the Twin Cities metro area, encouraging business expansions.
• Small Business Development Loan Program: Provides loans up to $5 million to small businesses for land, buildings, and equipment, prioritizing projects in economically distressed areas.
• Minnesota Emerging Entrepreneur Loan Program: Offers loans up to $150,000 to businesses owned by minorities, low-income individuals, women, veterans, and persons with disabilities, supporting development in underserved communities.
• Border-to-Border Broadband Development Grant Program: Promotes broadband expansion in unserved and underserved areas, with grants covering up to 50% of project costs.
• Minnesota Small Business Relief Grants Program: Provides grants up to $10,000 for small businesses affected by COVID-19, with priority given to distressed areas and veteran, women, and minority-owned businesses.
• Launch Minnesota: Supports high-technology startups with innovation grants, education, and ecosystem-building efforts, helping Minnesota foster a robust, inclusive startup community.