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:
- Business loans – Loans to support business start ups and growing Minneapolis businesses. Call 612-673-5072.
- Two-Percent Loans support small Minneapolis businesses with equipment and building improvements.
- Alternative Financing Program is a profit-based financing tool where no interest is paid or collected.
- Business Development Fund Loans assist with redevelopment projects that have a potential for the creation of jobs.
- Homegrown Business Development Center provides financing and technical assistance to Minneapolis based businesses that manufacture local food products.
- Small Business Real Estate Acquisition Loan Program
- Working Capital Program helps small businesses secure working capital financing through private banking institutions.
- Façade grants – Available to business districts through an annual competitive bid process.
- District vitality – Marketing and branding initiatives and business recruitment efforts available through an annual bidding process. See the Great Streets program page for more information.
- Business consulting and location selection
- Economic Development staff are “go to” people for businesses to help navigate the regulatory process, identify locations for start-up and expansion and access to capital.
- Search for available land, commercial or industrial properties in the metro via an online tool from the Minnesota Commercial Association of Real Estate or call Miles Mercer at (612) 673-5043.
- The City of Minneapolis also financially supports a number of nonprofit organizations that provide more intensive consulting services to entrepreneurs through the Business Technical Assistance Program.
- Targeted tools to support business investment in North Minneapolis: Grow North
Other Business Support Resources
- Several other organizations offer business consultation services and events to help you succeed, including SCORE, the Twin Cities Small Business Development Center at St. Thomas University, MCCD, and the University of Minnesota Office for Business & Community Economic Development.
- Read information and guidance from the State of Minnesota on starting a business in Minnesota. The State has a related blog, Minnesota Business 101, that discusses a range of topics for new businesses.
- A Practical Guide to Starting a Business in Minneapolis (pdf)
- The Minneapolis Regional Chamber of Commerce has programs and a diverse member network to help your business succeed.
- Connect with neighborhood business associations (pdf) and other business owners to stay informed.
- The Metropolitan Consortium of Community Developers is an association of community development organizations committed to expanding the wealth and resources of neighborhoods through housing and economic development initiatives.
- 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.
City Staff Can Help!
The City’s Department of Community Planning & Economic Development has a variety of resources to help your business succeed. Call us for information on:
- Business Licensing: Call (612) 673-2080.
- Permits for construction, remodeling, and renovation projects and zoning questions: Call 311 or (612) 673-3000 or visit the service center downtown.
- Workforce and training assistance: Mark Brinda at (612) 673-6231.
- Guide to Starting a Local Food Business in Minneapolis
- Resources for Artist and Arts Organizations
- Conservation programs available through Xcel Energy
- Information for veterans who want to start their own business
- Twin Cities Green Product & Service Directory
Last updated Mar. 4, 2014