Grow North

Grow North is also a financial incentive package offered by the City of Minneapolis aimed at bringing jobs-intensive business investment to North Minneapolis.

In addition to existing financing tools and resources available from the City, Grow North offers the following incentives to businesses interested in locating in North Minneapolis:

  • Loans for capital investments such as acquisition, building improvements, and new construction up to $200,000,
  • Loan forgiveness at a rate of $5,000 for each North Minneapolis resident hired
  • Workforce training and recruitment assistance, and
  • Homebuyer down payment assistance targeted to employees of recruited businesses wishing to purchase a home in North Minneapolis through the Minneapolis Advantage program.

The proposed incentive package is available to for-profit businesses that commit to:

  • Bring at least 40 jobs to North Minneapolis,
  • 15 new jobs must go to North Minneapolis Resident Employees in order to qualify for at least partial loan forgiveness
  • Pursue a high level of green construction for new construction or building renovations.

Additional resources

Request accessible format

If you need help with this information, please email 311, or call 311 or 612-673-3000.

Please tell us what format you need. It will help us if you say what assistive technology you use.

Contact us

Community Planning & Economic Development (CPED)

Phone

612-673-5095

Address

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