Community Planning & Economic Development

Phone: (612) 673-5095
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Common Bond Fund Revenue Bond Program

The Common Bond Fund Revenue Bond Program (CBF) is a loan fund for growing manufacturing companies. Most of the major manufacturing projects completed in Minneapolis since 1982 have been financed with tax-exempt or taxable revenue bonds issued through the CBF. Starting in 2004, the CBF has been expanded throughout all of Hennepin County through a joint partnership between the City of Minneapolis and the Hennepin County Housing and Redevelopment Authority (HRA). Local government agencies may issue tax-exempt or taxable revenue bonds on behalf of private borrowers to provide lower interest rates on long-term financing. Revenue bonds issued for industrial/manufacturing projects are generally tax-exempt; those for commercial projects are taxable. Projects can include land acquisition, new-facility construction, additions to existing facilities, purchase and renovation of existing structures and production equipment purchase.

How does the Common Bond Revenue Bond Program work?

Who is eligible for CBF revenue bonds?

What are the rates, terms and fees?

What is the CBF revenue bond process?

What information do you need to provide?

What are the benefits of the CBF Revenue Bond Program?

For more information, contact Charles Curtis at (612) 673-5069 (City of Minneapolis) or Patrick Connoy at (612) 348-2215 (Hennepin County).

All programs and guidelines are subject to change without notice.
Online information from the City of Minneapolis at MinneapolisMN.gov/CPED

Last updated Jul 30, 2014