Offered through the Brooklyn Park Development Corporation, this program allows business owners to access capital by providing guarantees for loans made by lenders. To qualify, annual business ales must be less than $5 million.
What kinds of loans are eligible?
Machinery and equipment
Fixtures and furnishings
Lines of credit
Minnesota Investment Fund
Available through the State of Minnesota, the Minnesota Investment Fund provides low interest loans to help add new workers and retain high-quality jobs. The program focuses on industrial, manufacturing, and technology-related industries to increase the local and state tax base and improve economic vitality statewide.
Funds are awarded to local units of government who provide loans to assist expanding businesses.
Projects must meet minimum criteria for private investment, number of jobs created or retained, and wages paid. At least 50 percent of total project costs must be privately financed through owner equity and other lending sources. There is a maximum of $500,000 per project.
Terms are up to 20 years for real estate and up to 10 years for machinery and equipment. Interest rates are negotiated.
Phone and email
Minnesota Department of Employment and Economic Development
Job Creation Fund
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 to $2 million for creating or retaining high paying jobs and for constructing or renovating facilities or making other property improvements.
Visit Minnesota Department of Employment and Economic Development
Minnesota Job Skills Partnership
The Minnesota Jobs Skills Partnership (MJSP) Program provides training grants of up to $400,000 to educational institutions that partner with businesses to develop new-job training or retraining for existing employees.
Funds may be used for training-related costs such as curriculum development, instruction, training materials and supplies, training equipment, and instructor travel. A cash or in-kind contribution from the contributing business must match program funds on at least a one-to-one basis. More information is available from the Minnesota Department of Employment and Economic Development.
Minnesota Jobs Skills Partnership
Brooklyn Park has a variety of workforce training and continuing education providers available within the City. The Workforce Center can help businesses find workers.
Hennepin Technical College
North Hennepin Community College
Chambers of commerce
Brooklyn Park is represented by two chambers of commerce.
North Hennepin Area Chamber of Commerce
Twin West Chamber of Commerce