Various Resources The Entrepreneur Fund Provides entrepreneur development solutions and funding to appearing and businesses that are small northeast Minnesota and northwest Wisconsin
Various Resources The Entrepreneur Fund Provides entrepreneur development solutions and funding to appearing and businesses that are small northeast Minnesota and northwest Wisconsin
Economic Development Resources
Northwest Minnesota
Gap Financing Program Northwest Minnesota Foundation a lending that is gap, jobs require 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 found to products that are new an increased exposure of brand new technologies.
Entrepreneur developing Program Northwest Minnesota Foundation NMF staff provides technical help and funding to people who like to begin a small business or individuals planning to expand a business that is existing.
Southwest Minnesota
Business 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 utmost loan quantity is $50,000.
Microenterprise Loan ProgramSouthwest Initiative Foundation Customized help for business owners through ongoing technical support. The most loan quantity 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 organization development, purchase, working money, or 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 seeking to expand, we now have the financial tools, specific support, and regional resources to help you get there.
West Central Minnesota
PERSONAL Small Enterprise Loan FundWest Central Initiative Foundation Loans from $1,000 to $35,000, and includes smaller loans to organizations within the service or manufacturing sectors.
Company and Industry Loan FundWest Central Initiative Foundation the company and business Loan Fund can be used for loans from $20,000 to $300,000. All of the loans in this investment are directed at businesses that are manufacturing.
Use of Capital LoanWest Central Initiative Foundation WCI will match financial loan quantity as much as $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 as much as $500,000 for value-added farming and production organizations that bring brand new income to communities.
Tech Capital FundInitiative Foundation Provides up to $500,000 for rising ventures that are high-tech technologies that enhance productivity.
Green company Loan FundInitiative Foundation Provides as much as $500,000 for companies that preserve 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 as well as other companies.
Southeast Minnesota
Company Loan FundSouthern Minnesota Initiative Foundation Targets six key companies: bioscience, renewable power, food/agriculture, manufacturing, technology, and medical care. Loans should be considered as much as $200,000; cannot exceed 50 per cent associated with total task price.
Business Enterprise Loan FundSouthern Minnesota Initiative Foundation These loans help small enterprises or start-up business owners who create service, retail, regional meals, and businesses that are manufacturing. $2,000 to $35,000 loan quantities.
Blocks Loan FundSouthern Minnesota Initiative Foundation money and technical help help expand or enhance licensed kid care companies. Loan size: from $1,000 – $15,000.
Local Foods Loan FundSouthern Minnesota Initiative Foundation Supports the start-up or expansion of organizations involved in locally or regionally produced food that is agricultural. Loan bucks could be used to buy stock, materials, machinery/equipment, or useful for working money.
Seed FundSouthern Minnesota Initiative Foundation aids start-up phase companies that require money, business expertise, and networking opportunities. Helps businesses perform research and analysis, patent viewpoints and filings, and item screening and analysis. Investment amounts as much as $25,000.
Southern Minnesota Equity FundSouthern Minnesota Initiative Foundation Financial money and expertise to very early phase and start-up organizations. Optimum investment that is initial of100,000, qualified to receive follow-up assets.
Entrepreneurship
Angel Tax CreditDEED Provides a 25-percent credit to investors or investment funds that put money into startup organizations dedicated to high technology, brand brand brand new proprietary technology, or a brand new proprietary item, procedure or service in certain fields. The credit that is maximum $125,000 per individual, each year ($250,000 if filing jointly).
Angel Loan Fund Program DEED Provides a funding that is new for organizations certified to be involved in Minnesota’s Angel Tax Credit Program. Loans as much as $250,000; 0% interest; deferred 7 yr loan term w/ balloon re re re payment; should be entitled to Angel Tax Credit.
MN Cup Carlson class of Management—University of Minnesota Supports rising business owners from throughout the state through activities, academic development and a yearly brand brand new endeavor competition to speed up the growth of their brand new ventures.
1 Million Cups Event JJ Hill Library Each Wednesday morning, two startups that are early-stage their businesses to an market of mentors, advisers along with other business owners.
Investment Resources for Entrepreneurs Gopher Angels a combined team of accredited investors who will be passionate about producing companies in Minnesota. GA actively seeks outstanding business owners who is able to turn their eyesight into a business that is successful.
Arrange It! A business owner’s Guide to triumph Neighborhood developing Center Whether you are just starting out, have recently started operations or really are a present business proprietor seeking extra training, Arrange It! Is an excellent chance to build and expand your knowledge.
The Norris Fund for tech Innovation William C. Norris Instistute—University of St Thomas Provides equity assets and note that is convertible 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 health that is innovative technology businesses.
Entrepreneurial Resources for Clean Tech Start-ups Cleantech Open Midwest a worldwide accelerator for early-stage clean technology startup businesses https://onlineloanslouisiana.net/.
Different Entrepreneurial Resources Minnesota Entrepreneur Network (MNEN) a friendly collaboration of business owner help businesses focused on growing the Minnesota entrepreneurial ecosystem.
Resources for Inventors and Entrepreneurs Inventors’ Network Our company is focused on supplying academic & practical help folks who are attempting to bring a thought towards the marketplace.
Different Entrepreneurial Resources The Network Connect We connect organizations with investors. Business owners, CEOs and people arrive at The Network Connect for information useful to growing a small business.
