Incentives

Connexus Energy/Great River Energy: Business Development Funding Programs

Great River Energy offers a variety of business assistance programs to customers located within their service areas. One example is the Energy Efficient Equipment Fund (E3 Fund) which provides a low-interest loan to cover the costs of acquisition and installation of energy efficient equipment. Loans from $100,000 up to $350,000 will be considered with an interest rate determined by energy savings achieved. The maximum maturity is 10 years based upon the useful life of the equipment. A minimum of 10 percent owner-equity is required.

Contacts

Great River Energy

12300 Elm Creek Boulevard
Maple Grove, MN 55369

Phone: 763-445-5000

Visit the Website

Category: Business

More Business

Ramsey/Washington Recycling & Energy (R&E) has allocated funding to support small businesses that are facing financial hardship as the result of COVID-19, recent civil unrest or the economic downturn. One-time grants of up to $10,000 will be awarded to eligible businesses for operational expenses related to managin... Learn More
The Contamination Cleanup and Investigation Grant Program helps communities pay for assessing and cleaning up contaminated sites for private or public redevelopment.  Grants pay up to 75 percent of the costs to investigate. Learn More
Commercial and Industrial customers either new or existing customers with new or additional load of 350kW or greater are eligible to receive a 40% electric demand rate reduction for 3 years.  To determine eligibility, contact Ryan Bruers, 612-803-7289 Xcel Energy. Learn More
The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or makin... Learn More
If a business buys or leases qualifying capital equipment for use in Minnesota, businesses are eligible for an exemption or a refund of state and local sales or use tax paid.  The purchaser must use the machinery primarily for manufacturing, fabricating, mining, or refining tangibl... Learn More
For companies that build data or network operation centers of at least 25,000 square feet and invest $30 million in the first four years qualify for tax breaks.  Qualifying projects receive sales tax exemptions for 20 years on computers and servers, cooling and energy equipment... Learn More
Is a loan program through the Minnesota Department of Employment and Economic Development to provide loans to assist expanding businesses.  Must meet minimum criteria for private investment, number of jobs created or retained, and wages paid. Learn More
Program focuses on providing training for both new and existing employees of participating businesses.  Businesses must partner with an accredited Minnesota educational institution.  Grants up to $400,000 are awarded to educational institution to develop and deliver training specific to the business needs. Learn More
The Open to Business Program is offered to entrepreneurs and residents of Washington County by the Washington County CDA and can provide to your business: Loans for both new/emerging and second-stage/growing businesses Acquisition financing for real estate Assistance with business plans, financial projections, and loan applications Technical assistance wit... Learn More
Helps businesses, nonprofit, multi-family housing and more in making their building energy efficient or add renewable energy.  Provides low-cost long-term financing.  As a result, there is less a reliance on credit and the assessment stays with the property instead of the owner. Learn More
Helps communities with the costs of redeveloping blighted industrial, residential, or commercial sites and putting land back into productive use. Learn More
Eligibility Eligible entities are businesses that are not permanently closed and include businesses where the public or patrons assemble for the primary purpose of being served food or drink including: Restaurants Food stands, food trucks, food carts Caterers Bars, saloons, lounges, taverns Licensed facilities or premises of a beverage alcohol produce... Learn More
The Minnesota Innovation Loans for Entrepreneurs (MILE) program provides interest-free loans to early stage businesses developing or producing high-tech products or services in Minnesota. This program is an initiative of the Minnesota Investment Fund. Learn More
For projects meeting certain criteria the Washington County Board of Commissioners may consider property tax abatement.  To be considered, the business must complete an application with all information requested and must be accompanied by a letter of support of resolution approved by the local municipalit... Learn More
For projects meeting certain criteria, the Cities within Washington County may consider tax increment financing (TIF). To determine if a specific project is eligible applicants should contact the CDA’s Economic Development Director or individual City directly and complete the City's TIF Application as applicable/available. Learn More