Job linkage agreement

You must sign a job linkage agreement when you receive a Business Development Fund Loan.

Your commitment

When you sign a job linkage agreement, you are saying that your business:

  • Will attempt to fill vacant positions with Minneapolis residents.
  • May receive a prepayment credit toward the principal balance of the loan.

Prepayment credits explained

The City issues loan prepayment credits for each Minneapolis resident:

  • You hire during the first three years of the loan, and
  • Employ full-time for a year

How it works

  • Your first repayment credit is issued 18 months after you close on the loan.
  • Additional prepayment credits are offered every 12 months over the next two years.

Contact us

Business Development Team

Community Planning & Economic Development





Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415