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:
Workforce Training Grants
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.
Minnesota’s Emerging Regional Center
Our community has all the regional center amenities to support your business and workforce,
while maintaining the small town beauty and character that make this place home.