Funding Mechanisms Available to
Carlton County Businesses
Carlton County Tourism Grant -
(pdf)
Carlton County Tourism Grant -
(Word Doc)
The purpose of this
grant fund is to leverage county
funds, private funds and volunteer
efforts to develop innovative
tourism/promotional opportunities
in Carlton County.
Carlton County Revolving Loan Fund
(pdf)
This program provides loans /
grants to assist those businesses
and industries, which have an
economic impact on Carlton County.
The program is designed to expand
and diversify the area's economic
base by creating new private
investment in the region. The
interests of private sector
lenders with respect to collateral
may subordinate loans in order to
encourage their involvement.
Minnesota Community Capital Fund
(pdf)
MCCF is a nonprofit loan fund
offering customized, flexible
financing solutions to meet most
every business need and fill
almost any financing gap. MCCF may
finance fixed assets, including
land and building purchases, new
building construction, building
remodeling and renovation,
leasehold improvements, business
acquisitions, machinery and
equipment purchases, renovations,
and moving expenses, as well as
working capital when secured by
fixed assets. Loan amounts from
$50,000 to $2,500,000.
Tax Increment Financing (TIF)
Tax Increment Financing is a
development tool designed to help
finance certain eligible
improvements to property in
designated redevelopment areas (TIF
districts) by utilizing the new,
or incremental, tax revenues
generated by the project after
completion.
JOBZ Land Grant Program
Locally approved tax abatement
program that provide state tax
abatement opportunities to
businesses that relocate and / or
expand jobs in JOBZ designated
areas. JOBZ land is located in the
Cloquet Business Park and Esko
Business Park.
Tax Abatement
Minnesota law authorizes political subdivisions to grant
property tax abatements for economic development (e.g., to encourage a business
to locate or expand at a location or to redevelop an area).
Minn. Stat. §§ 469.1813-469.1815. Abatements may be either permanent
forgiveness or temporary deferral of property tax. Abatements can serve similar
purposes to tax increment financing (TIF), a widely used development tool. The
legislature enacted the abatement law in 1997 to provide an alternative to TIF
and to supplement it.
Carlton County Residential
Assistance
USDA Rural Development
Direct Home Loan and Grant Program
Foreclosure Prevention
Minnesota Home Ownership Center
1.866.462.6466 or
http://www.hocmn.org/
Lutheran Social Services
1.888.577.2227 or
http://www.lssmn.org/debt/
Heating Assistance
Lakes and Pines Community Action
Council
1-800-832-6082
http://www.lakesandpines.org/
Contact your utility provider when
making energy efficiency upgrades
to your house, commercial, or
rental properties; inquire about
any rebates or grants available to
offset the project cost.
