Minnesota's angel-investor tax program didn't make it into either the state house or senate tax bills, putting the incentive in jeopardy of sunsetting at the end of 2017. However, Gov. Mark Dayton included it in his most recent legislative package so it is possible the credits could resurface.

The County Board of Commissioners approved a resolution for property tax abatements totaling $5 million over 20 years for rural broadband. The move will have no impact on actual property taxes paid but is a requirement for the county to use tax abatement bonds as a financing mechanism.

When most Minnesotans think about manufacturing, they likely visualize big companies like 3M or Polaris. These are great companies, to be sure, but they represent only a tiny fraction of Minnesota's manufacturers. The vast majority are small and medium size businesses.

The city of Pipestone received a redevelopment grant for $100,000 from the Minnesota Department of Employment and Economic Development (DEED) to demolish two blighted Main Street buildings in preparation for a new restaurant/bar development.

Natural Harvest Food Co-op recently received a $100,000 revolving loan fund from Lake Country Power to support its expansion into a new 9,000 square-foot building. The revolving loan fund that LCP administers came about from previous economic development grants received through the USDA.

The Minnesota Department of Agriculture is requesting proposals for grants to increase access to affordable, nutritious and culturally appropriate foods in underserved and low-moderate income communities. Roughly $150,000 is available for Equipment and Physical Improvement Grants.

This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

The CDFA & OSU Webcast is a special one time offering. This webcast will cover the Energy Finance Landscape and explore how its successes may be applied to the Food Systems Landscape. This webcast will be run by students taking the graduate level Sustainable Financing class in the Department of City and Regional Planning at The Ohio State University.

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