Incentives & Programs
Whether you are considering business growth in northeast Minnesota or northwest Wisconsin, APEX can connect you with incentive programs that are appropriate to your company and project. Several of the region’s most competitive grant and loan programs are listed below, and a complete list is available at: www.northlandconnection.com
Minnesota Programs
Angel Tax Credit provides incentives to investors or investment funds that put money into startup and emerging companies focused on high technology or new proprietary technology. CLICK HERE to learn more.
Duluth 1200 Fund provides incentive loans of up to $500,000 for business expansions and relocations which will create jobs in the City of Duluth. CLICK HERE to learn more.
Indian Business Loan Program supports the development of Indian-owned and operated businesses and promotes economic opportunities for Native American people throughout Minnesota. CLICK HERE to learn more.
Iron Range Resources is a unique State of Minnesota economic development agency providing a variety of business financing packages for business development, expansion or relocation in northeastern Minnesota. CLICK HERE to learn more.
Job Opportunity Business Zones (JOBZ) offer qualified businesses substantial financial benefits in the form of local and state tax exemptions to expand or relocate into targeted regions throughout northeast Minnesota. CLICK HERE to learn more.
Minnesota Community Capital Fund (MCCF), a non-profit corporation,is a bank participation loan fund that allows member-investors to leverage underutilized Revolving Loan Fund (RLF) capital on behalf of Greater Minnesota communities and economic development organizations. Loans range from $50,000 to $2.5 million. CLICK HERE to learn more.
Minnesota Investment Fund (MIF) provides grants of up to $500,000 to help add new workers and retain high-quality jobs in the State of Minnesota. The focus is on industrial, manufacturing and technology-related industries to increase the local and state tax base and improve economic vitality statewide. CLICK HERE to learn more.
Minnesota Job Skills Partnership provides grants of up to $400,000 to educational institutions that partner with businesses in northeast Minnesota to develop new job training programs, or for the retraining for existing employees. CLICK HERE to learn more.
Northland Foundation is a non-profit dedicated to addressing economic, social and human needs in the seven counties of northeast Minnesota, providing project financing at a below-market interest rate for eligible borrowers. CLICK HERE to learn more.
Reservist and Veteran Business Loan Program provides business loans of up to $20,000 to Minnesota companies that are affected when certain employees are called to active military duty, and to individual veterans who have returned from active duty and want to start their own business in Minnesota. CLICK HERE to learn more.
Small Business Development Loan Program provides loans for business expansions that result in the creation of new jobs in Minnesota. Small business loans of up to $5 million are made by the Minnesota Agricultural and Economic Development Board (MAEDB), through the issuance of industrial development bonds. CLICK HERE to learn more.
Wisconsin Programs
Douglas County Revolving Loan Fund offers below market rate loans of up to $50,000 for qualifying businesses, to fund land, buildings and equipment for projects located in Douglas County. CLICK HERE to learn more.
Enterprise Development Zones provide tax incentives to new or expanding businesses whose projects will affect distressed areas. The Wisconsin Department of Commerce determines eligibility. CLICK HERE to learn more.
Northwest Wisconsin Regional Economic Development Fund promotes private-sector investment in long-lived assets and to create jobs by addressing capital gaps in market for long-term debt. Loans range from $20,000 to $50,000. CLICK HERE to learn more.
Tax Increment Financing is available in the City of Superior to provide grants to new businesses to for site improvements, groundwork, utility hookups, foundations, slabs and other needs. CLICK HERE to learn more.
Wisconsin Rural Enterprise Fund is administered through the Northwest Regional Planning Commission and offers venture/angel capital investments of up to $200,000 in equity for high-growth, technology-related businesses in northwest Wisconsin. CLICK HERE to learn more.
Wisconsin Department of Commerce offers several competitive loans and grant programs for new and expanding businesses in northwest Wisconsin. CLICK HERE to learn more.
