Community Planning & Economic Development

Phone: (612) 673-5095
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Business Support

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:

Download a list of Business Support Tools

Business Loans

  • 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.
    • Energy Efficiency Programs and Financing

      • One-Stop Lighting
        Reduce your energy costs for lighting with this program through Xcel Energy and the Center for Energy and Environment.
      • Trillion BTU Program
        Reduce energy costs in your industrial or large commercial facility.
    • Homegrown Small Business Fund provides financing and technical assistance to Minneapolis based businesses that manufacture local food products.
    • Health & Safety Improvement Loan Program to help with small businesses to pay for needed code compliance and other remedial minor physical improvements for regulated businesses.
    • Grow North: Targeted tools to support business investment in North Minneapolis.
  • Great Streets Gap Financing is available for real estate development and development acquisition for transformative commercial development projects located on designated commercial corridors, nodes, and LRT station areas.
  • 501(c)(3) Revenue Bonds are tax-exempt financing for capital improvement projects by non-profit organizations.
  • Bank Qualified Bank Direct (BQ) Tax Exempt Bonds provide cost-effective, tax-exempt financing for capital projects for smaller 501 (c)(3) organizations for projects in the $1 million to $2 million range.
  • Common Bond Revenue Bond program supports growing manufacturing companies.
  • Revenue Bonds finance industrial, commercial and medical facilities, multifamily rental housing, nursing homes and some nonprofit activities.
  • New Markets Tax Credits are a financing tool available for commercial and real estate development projects in designated areas of market failure. A number of Minnesota financial institutions have allocations of these tax credits that can be deployed for Minneapolis real estate development projects. Contact Miles Mercer at 612-673-5043 for more information.
  • Tax Increment Financing,(TIF), is a financing mechanism that can be utilized for significant redevelopment projects that are expected to substantially increase a property's tax value.

Great Streets Neighborhood Business District Program

  • The City of Minneapolis offers Business District Support Grants, Façade Improvement Matching Grants, Real Estate Development Gap Financing Loans, Small Business Technical Assistance Grants, and Small Business Loans under the Great Streets Program.
  • 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.
  • PACE is Property Assessed Clean Energy. It allows property owners to borrow money from newly established municipal financing districts to finance energy retrofits (efficiency and renewable energy measures) and repay the loan through an annual special tax on their property bill.

Business Partners

Sector-specific Information

City Staff Contacts

The City’s Department of Community Planning & Economic Development has a variety of resources to help your business succeed. Call us for information on:



Last updated Feb 15, 2019



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For reasonable accommodations or alternative formats, contact 311.
People who are deaf or hard of hearing can use a relay service to call 311 at 612-673-3000.
TTY users can call 612-673-2157 or 612-673-2626.

Para asistencia 612-673-2700, Yog xav tau kev pab, hu 612-637-2800, Hadii aad Caawimaad u baahantahay 612-673-3500. 

Salary Compliance Notice:
State statute 471.701; Notice of Salary Compliance, requires that the City post for not less than 90 days
the job title of the three highest paid employees along with their base salary. For 2018 these were:
1. City Attorney, $186,490
2. Assistant City Coordinator Convention Center, $183,600
3. Director Public Works, $181,191


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