Certified Targeted Group, Economically Disadvantaged, or Veteran-Owned small businesses may receive up to 6% preference in selling their products or services or bidding on construction projects to the state.
Brooklyn Center Small Business Microloans leverage other financing programs as well as private financing provided by the commercial banking community.
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs help startups and small businesses transform their high risk, high-impact technologies into marketable products and services that solve problems.
The Alternative Financing program provides small Minneapolis businesses (neighborhood retail, service or light manufacturing) an alternative financing to the interest-based system that is in accordance with Islamic law, or Sharia.
Minnesota's Angel Tax Credit provides a 25-percent credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. $5M in credits was made available for 2022.
The Small Business Administration 504 and REAL loan provides growing businesses with long-term, fixed-rate financing of up to $5 million for major fixed assets such as land, buildings, machinery and equipment.