Minnesota Investment Fund

Minnesota Investment Fund is Minnesota's statewide business-expansion finance program under the Department of Employment and Economic Development. It uses public funds to help cities, counties, townships, certain development authorities, and recognized tribal governments support expanding businesses that add workers and retain high-quality jobs. The focus is on manufacturing, warehousing, distribution, and technology-related activity that strengthens the local tax base. The program is a loan route, not a grant route. Local government is the applicant and the lender to the business, with terms up to 20 years for real estate and 10 years for machinery or equipment. At least half of total project costs must come from private financing, though most selected projects bring in 70 percent or more. Interest is negotiated, collateral is required, and projects over $500,000 trigger prevailing wage requirements. MIF is designed for expansion projects that are ready to move and have other location options outside Minnesota. The business cannot have started the project yet, it has to be able to repay the loan, and it must avoid excluded uses such as retail, casinos, and sports facilities. Applications are accepted year-round through a local government partner, which makes the fund a practical fit for established operating companies that need state-backed leverage to close a relocation or expansion deal.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.