Business Assistance - North Branch Economic Development Authority
- Develops an ongoing marketing program to attract commercial and industrial development - Initiative Foundation Program: A number of financial loan programs are available from the Initiative Foundation to assist businesses with gap financing - Minnesota Community Capital Program: Businesses located within the service territory of East Central Energy can borrow up to 1.5 million with the support of East Central Energy and Great River Energy - Minnesota Job Skills Partnership: Competitive application program to assist with customized worker training; training is provided at the business site by qualified trainers from a state college - Minnesota Investment Fund: Loan funds are available from the Department of Employment and Economic Development through the City of North Branch.; amount based upon the number of jobs created or retained and wages paid - North Branch Revolving Loan Fund: Provides a low-interest, short-term gap loan to assist in financing of projects of special interest to the City - Small Business Administration (SBA) Loans: Commercial banks can assist in applying for funds from the SBA for 504 and or 7A programs Workforce Development Assistance - Small Business Development Center: One-on-one counseling and assistance with business planning, financial projects, marketing, etc. - Works to attract new industries that bring an enhanced tax base, jobs and new capital into the community
Categories
Last assured
04/22/2024
Physical Address
6408 Elm Street, North Branch, MN 55056
Hours
8 am - 4:30 pm Monday - Friday
Voice
Fax
(651)674-8262
Application process
Write; email; visit website; call; walk in
Required documents
Call for information
Eligibility
Business owners in North Branch
Service area
North Branch, MN
Agency info
North Branch Economic Development Authority
Attracts and retains industrial and commercial businesses