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City of Northfield, MN
801 Washington St.
Northfield, MN 55057
Ph: 507-645-8833

Public Financing
MN State Capitol BuildingConnecting You With Public Financing The City of Northfield and the Northfield Economic Development Authority provide assistance to businesses through an array of grants and loan programs and can assist businesses in accessing numerous regional, state, and federal programs.

We have the unique position of incorporating two counties within our city limits, which opens up several loan and grant opportunities to businesses looking to relocate or expand. Get in touch with us to learn more.

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Rice County Rice CountyRice County serves as a technical resource for programs and regulations, and provides technical assistance on specific economic development activities.
The County also provides a revolving loan program to assist with fixed asset financing. Rice County has established a network of public and private partners that cooperate to work towards the goal of improving the County’s tax base and creating quality jobs. Incentives are compatible with funding opportunities with the City of Northfield. Learn More »
Dakota County Dakota County Northfield has the unique position of straddling two separate counties within our municipal borders. As a small portion lies within Dakota County, businesses may have access to several economic development opportunities that can benefit Northfield businesses. Learn More »
Minnesota State of Minnesota The Minnesota Department of Employment and Economic Development (DEED) has several business financing programs, tax credit programs, and worker training programs to help finance your business. Finance guidance is also available.

Financing Programs DEED offers many business financing programs designed to help companies and communities retain existing jobs and create new high-quality jobs. Recommended programs are outlined below. For a full list of DEED business financing programs, please visit their website.
  • Minnesota Investment Fund (MIF): Targets job creation in industrial, manufacturing, and high-tech industries. Learn More »
  • Job Creation Fund: Provides up to $1 million after specified job creation and capital investment goals are achieved. Learn More »
  • Flood Recovery Financing: Used to make loans to flood-affected businesses. Learn More »
  • Small Business Development Loan Program (SBD): Provides financing for business expansions that result in the creation of new jobs. Learn More »

Tax Credits DEED also has tax credit programs available for businesses. Recommended programs are outlined below. For a full list of DEED business tax credit programs, please visit their website.
  • Angel Tax Credit Program: Provides incentives to invest in startup and emerging companies focused on high technology. Learn More »
  • Greater Minnesota Job Expansion Program: Refunds sales tax to existing businesses expanding in Greater Minnesota for 7 years. Learn More »
  • Data Center Tax Incentives: Allows sales tax exemptions for 20 years on equipment for qualifying investments. Learn More »