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.
- View information on Grow North homebuyer down payment assistance .
- For more information, contact Minneapolis Homes.
- Subscribe to our newsletter, Growing Minneapolis.
- Download detailed information about the business community in North Minneapolis and the G .
- Read about recent new business developments in North Minneapolis .
- Visit the Minneapolis Business Portal.