Business Development and Financing
Homegrown Small Business Fund
Through a partnership between Homegrown Minneapolis, Minneapolis Community Planning and Economic Development and Metropolitan Consortium of Community Developers (MCCD), the Homegrown Small Business Fund provides financing and technical assistance to Minneapolis-based businesses that process, grow and manufacture food products. The City is also collaborating with Greater Twin Cities United Way through its Full Lives grant program and Northside Economic Opportunities Network (NEON) to pilot a matching grant program for one year in the Promise Zone.
Business Health and Safety Loan Program
The Business Health and Safety Loan Program provides financing to: businesses to make minor improvements to achieve health and safety code requirements; businesses participating in the Minneapolis Health Department’s Green Business Program; and energy efficient coolers for fresh produce and healthy food for businesses participating in the Minneapolis Health Department’s Corner Store program. Eligible improvements include, but are not limited to general repairs, flooring, grease trap installation, floor drains, automatic roof vents, food service equipment such as walk-in coolers, warewashing equipment and cooling equipment, and pollution reduction upgrades as part of the Green Business Program. Loans are up to $10,000 for a 5 year term and will not exceed 7% interest. For more information, contact Kris Maritz, City of Minneapolis Business Advisor, Metropolitan Consortium of Community Developers, at 612-843-3262 or [email protected]
Business Technical Assistance Program (B-TAP)
The Business Technical Assistance Program (B-TAP) was created to provide consulting support to businesses located in the City of Minneapolis. Through B-TAP, the City contracts with local non-profit organizations focused on entrepreneur training and economic development to provide direct services to new and existing small and medium-sized businesses located in Minneapolis.
Cooperative Technical Assistance Program (C-TAP)
The Co-operative Technical Assistance Program (C-TAP) was launched to support the development of new Minneapolis co-operatives. This program offers a free co-op feasibility training for potential and new cooperatives and one-on-one technical assistance (consulting).
Two Percent Loan Program
The Two-Percent Loan Program provides financing to small Minneapolis businesses (retail, service or light manufacturing) to purchase equipment and/or to make building improvements. A private lender provides half the loan at market rate and the City provides the rest, up to $50,000 at 2 percent interest (up to $75,000 in designated neighborhood commercial districts).
Green To Go! Environmentally Acceptable Packaging Ordinance
The Environmentally Acceptable Packaging Ordinance requires food and beverages prepared for immediate consumption and to-go to be placed in environmentally acceptable packaging. In addition, recyclable materials must be recycled and compostable materials must be composted.
Informational handouts describing the requirements of the of the Environmentally Acceptable Packaging Ordinance are available in English: Green To Go Flyer, Spanish: Ordenanza para Envases Ambientalmente Aceptables, Hmong: Siv Cov Ntim Khoom Kom Zoo Rau Tej Chaw Puag Ncig, Somali: Xeerka Konteenarada Deegaan-Ahaan La-Aqabli Karo, and Chinese: /环保包装条例. For more information about the ordinance, visit the Green To Go! web page.
Last updated Nov 20, 2018