Business Incentives

Greater Bemidji is your one-stop-shop for financing and incentives for locating in our region. There are many programs available. We have listed several below to give you a sense, but don’t go at it alone. Call Greater Bemidji at 218-444-5757 and we will navigate the programs with you!

Local Government Resources

Several local and regional entities provide economic development financing for new and expanding companies in the region:

• City of Bemidji
• Headwaters Regional Finance Corporation
• Northwest Minnesota Foundation
• Beltrami County

In addition, the following have been accessed by the City of Bemidji in support of development in the city. Both provide a means to write down land cost and pay for site improvements as well as public infrastructure required for a development:

• Tax Increment Financing
• Tax Abatement

Minnesota Business Financing & Loan Programs

The Minnesota Department of Employment and Economic Development (Minnesota DEED) offers numerous financing programs designed to help Greater MSP companies retain jobs or create new jobs:

• Angel Tax Credit
• State Small Business Credit Initiative
• Minnesota Investment Fund
• Small Business Development Loan Program
• Indian Business Loan Program
• Minnesota Job Creation Funding
• Minnesota Job Skills Partnership

Workforce Training Grants & Programs

The Minnesota Jobs Skills Partnership works with businesses and schools to train or retrain workers, expand opportunities, and keep high-quality jobs in the region. Grants of up to $400,000 are awarded to educational institutions that partner with the region’s businesses to develop job training or retraining.     

Economic Gardening Grant

Are you a company with $1 Million in revenue looking for customized information and guidance to help your company grow?  Apply for an Economic Gardening grant and open up the possibilities. More information is available here.

LOCAL BANKS Links>