Areas Served: City of Minneapolis
CPED offers a wide array of financing programs, ranging from $1,000 to $10 million, for Minneapolis businesses including: Alternative Financing Program is a profit-based financing tool where no interest is paid or collected.
Bank Qualified Bank Direct Loans are cost-effective tax-exempt loans for capital projects in 501 (c) organizations.
Business Development Fund Loans assist with redevelopment projects that have a potential for the creation of jobs.
Business Development Fund Loans assist with redevelopment projects that have a potential for the creation of jobs.
Business Recovery Loan Program provides financing to Minneapolis based businesses that have been directly impacted by a disaster.
Common Bond Revenue Bond Program supports growing manufacturing companies.
Energy Efficiency Loan Program provides financing in partnership with the Center for Energy and Environment (CEE) for businesses making energy retrofits and energy efficiency improvements for commercial and industrial properties.
Most loans are less than $75,000 and are paired with Excel and Centerpoint Energy rebates.
Great Streets Gap Financing is available for real estate development and development acquisition for transformative commercial development projects located on designated commercial corridors, nodes, and LRT station areas.
Homegrown Business Development Center provides financing and technical assistance to Minneapolis based businesses that manufacture local food products.
Revenue Bonds finance industrial, commercial and medical facilities, multifamily rental housing, nursing homes and some nonprofit activities.
Two-Percent Loans support small Minneapolis businesses with equipment and building improvements.
Two-Percent Commercial Corridor/Commercial Node Loans provide financing to small Minneapolis businesses in designated commercial corridors and commercial nodes.
Contact InformationCity of Minneapolis Community Planning & Economic Development
Address: 105 Fifth Avenue South #200
City: Minneapolis
State: Minnesota
Website:
http://www.ci.minneapolis.mn.us/cped/business_assistance.asp
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