Carlton County has a strong network of public and private funding partners to assist in project funding to meet our goal of increasing the county’s tax base and create or retain jobs. The County has several Revolving Loan Funds with specific eligibility criteria and access the following.
City of Cloquet
The City of Cloquet provides a variety of opportunities for local development. Their toolbox offers access to many programs, resources, documents and other information related to business development in Cloquet.
Arrowhead Regional Development Commission
Arrowhead Regional Development Commission (ARDC), in cooperation with the U.S Economic Development Administration (EDA) has developed a business loan program that receives funding by all seven counties in the Arrowhead Region to provide financing for eligible businesses. Visit the Arrowhead Regional Development Commission Revolving Loan Fund website.
Great River Energy
Great River Energy (GRE) offers a flexible business loan program which is designed to respond to the various financing needs of rural businesses in their service territories. Visit the Great River Energy Business Financing Program website.
The Entrepreneur Fund provides business loans for acquisition, expansion, working capital and other needs up to and exceeding $500,000. They are agile, responsive and easy to work with, finding flexible financing options as needed. Their goal is to ensure capable entrepreneurs have the financing needed, when they need it for growth and success.Visit the Entrepreneur Fund website.
The Northland Foundation in cooperation with several funding partners has developed a Business Finance Program for the purpose of providing financing for eligible businesses in Northeastern Minnesota. The Business Finance Program offers flexible financing to people starting new or maintaining existing businesses in the seven-county Arrowhead Region. Recipients may be for-profit or nonprofit entities.Visit the Northland Foundation Business Finance Program website.
Property Assessed Clean Energy (PACE) Program
Through an agreement with the Saint Paul Port Authority, Carlton County commercial property owners are eligible to apply for project financing of energy efficiency and renewable energy upgrades to their buildings. Funds are repaid as a separate line item on their property tax assessments for a set period rather than having to come up with up-front capital for the improvements. See PACE Program flyer