The City of Minneapolis Economic Development team works with businesses to start, stay and grow in Minneapolis. We do this in a variety of ways. Also, visit the Minneapolis Business Portal for more information.
Business Coaching & Trainings
The Business Technical Assistance Program (B-TAP) provides individualized business coaching and group trainings are a range of topics for first-time entrepreneurs, existing small businesses, co-operative businesses, emerging real estate developers, and more.
- Small business loans – Loans to support growing small businesses located in Minneapolis. Call 612-673-5072.
- Two-Percent Loans provide financing to small businesses to make building improvements and/or purchase certain equipment.
- Alternative Financing Program provides Islamic-compliant financing without interest to small businesses to to make building improvements and/or purchase certain equipment.
- Business Development Fund Loans assist with redevelopment projects that have a potential for the creation of jobs.
- Energy Efficiency and Renewables Programs and Financing for small businesses and commercial properties in partnership with the Saint Paul Port Authority.
- Homegrown Small Business Fund provides financing and technical assistance to Minneapolis based businesses that manufacture local food products.
- Health & Safety Improvement Loan Program assists small businesses with needed code compliance and other remedial improvements.
- Grow North: Targeted tools to support business investment in North Minneapolis.
- The City has gap financing loans available for transformative commercial real estate redevelopment projects or acquisitions located in Great Streets Eligible Areas. The Application Form may be submitted at any time.
- Facade improvement grants are available for real estate development and development acquisition for transformative commercial development projects located on designated commercial corridors, nodes, and LRT station areas.
- Conduit Revenue Bonds
- 501(c)(3) Revenue Bonds are tax-exempt financing for capital improvement projects by non-profit organizations.
- Bank Qualified Bank Direct (BQ) Tax Exempt Bonds provide cost-effective, tax-exempt financing for capital projects for smaller 501 (c)(3) organizations for projects in the $1 million to $2 million range.
- Common Bond Revenue Bond program supports growing manufacturing companies.
- Revenue Bonds finance industrial, commercial and medical facilities, multifamily rental housing, nursing homes and some nonprofit activities.
- Tax Increment Financing,(TIF), is a financing mechanism that can be utilized for significant redevelopment projects that are expected to substantially increase a property's tax value.
- Connect with neighborhood business associations (PDF) and other business owners to stay informed.
- The Minneapolis Downtown Council is the central business district association that works to preserve and enhance a vital and attractive downtown for the people who invest, work, shop, visit and live in Minneapolis.
- The Minneapolis Regional Chamber of Commerce has programs and a diverse member network to help your business succeed.
Find more information on doing business in city, including staff contacts and help navigating City regulations and processes, on the Minneapolis Business Portal
Last updated Sep 22, 2020