Greater Bemidji is your one-stop-shop for financing and incentives for locating in our region. There are many programs available. We have listed several below to give you a sense, but don’t go at it alone. Call Greater Bemidji at 218-444-5757 and we will navigate the programs with you!
Local Government Resources
Several local and regional entities provide economic development financing for new and expanding companies in the region:
- City of Bemidji
- Headwaters Regional Finance Corporation
- Northwest Minnesota Foundation
- Beltrami County
In addition, the following have been accessed by the City of Bemidji in support of development in the city. Both provide a means to write down land cost and pay for site improvements as well as public infrastructure required for a development:
- Tax Increment Financing
- Tax Abatement
Minnesota Business Financing & Loan Programs
The Minnesota Department of Employment and Economic Development (Minnesota DEED) offers numerous financing programs designed to help Greater MSP companies retain jobs or create new jobs:
- Angel Tax Credit
- State Small Business Credit Initiative
- Minnesota Investment Fund
- Small Business Development Loan Program
- Indian Business Loan Program
- Minnesota Job Creation Funding
- Minnesota Job Skills Partnership
Workforce Training Grants & Programs
The Minnesota Jobs Skills Partnership works with businesses and schools to train or retrain workers, expand opportunities, and keep high-quality jobs in the region. Grants of up to $400,000 are awarded to educational institutions that partner with the region’s businesses to develop job training or retraining.
Economic Gardening Grant
Are you a company with $1 Million in revenue looking for customized information and guidance to help your company grow? Apply for an Economic Gardening grant and open up the possibilities. More information is available here.