SECTION HIGHLIGHTS
Financial Assistance
Read about our business incentives for moving your business into the northland.
financial | workforce | tax-free zone
Serving the Iron Range and northeastern Minnesota
Business Development Financing Program
Iron Range Resources' Business Development Financing program helps establish new and expand existing businesses. This effort, in turn, helps create and maintain productive, permanent skilled employment through the region. Businesses who wish to apply for funding under this program are required to comply with Minnesota State Law and Iron Range Resources' policy regarding prevailing wage. The agency is limited by law to a maximum of 50% participation of financed eligible project costs.
Click here to view the guidelines and fill out a pre-application for the Business Development Financing Program. Pre-applications are reviewed by the agency's Development Strategies Division. If your pre-application meets the guidelines for eligibility, a full application will be forwarded to you.
Contact our Development Strategies Division for more information. 1-800-765-5043 or 218-744-7400 or E-mail: DevelopmentStrategies@state.mn.us