Tourism

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         Funding Mechanisms

 

Funding Mechanisms Available to
Carlton County Businesses

Tourism Grant (pdf)
Revolving Loan Fund Preliminary Application (pdf)
Revolving Loan Fund Full Application (pdf)

This program provides loans / grants to assist those businesses and industries, which have an economic impact on Carlton County. The program is designed to expand and diversify the area's economic base by creating new private investment in the region. The interests of private sector lenders with respect to collateral may subordinate loans in order to encourage their involvement.

Minnesota Community Capital Fund (pdf) 

MCCF is a nonprofit loan fund offering customized, flexible financing solutions to meet most every business need and fill almost any financing gap. MCCF may finance fixed assets, including land and building purchases, new building construction, building remodeling and renovation, leasehold improvements, business acquisitions, machinery and equipment purchases, renovations, and moving expenses, as well as working capital when secured by fixed assets. Loan amounts from $50,000 to $2,500,000.

Tax Increment Financing (TIF)

Tax Increment Financing is a development tool designed to help finance certain eligible improvements to property in designated redevelopment areas (TIF districts) by utilizing the new, or incremental, tax revenues generated by the project after completion.

JOBZ Land Grant Program

Locally approved tax abatement program that provide state tax abatement opportunities to businesses that relocate and / or expand jobs in JOBZ designated areas. JOBZ land is located in the Cloquet Business Park and Esko Business Park.

Tax Abatement

Minnesota law authorizes political subdivisions to grant property tax abatements for economic development (e.g., to encourage a business to locate or expand at a location or to redevelop an area).  Minn. Stat. 469.1813-469.1815.  Abatements may be either permanent forgiveness or temporary deferral of property tax.  Abatements can serve similar purposes to tax increment financing (TIF), a widely used development tool.  The legislature enacted the abatement law in 1997 to provide an alternative to TIF and to supplement it.


Carlton County Residential Assistance


USDA Rural Development
Direct Home Loan and Grant Program

Foreclosure Prevention
Minnesota Home Ownership Center
1.866.462.6466 or http://www.hocmn.org/

Lutheran Social Services
1.888.577.2227 or http://www.lssmn.org/debt/

Heating Assistance
Lakes and Pines Community Action Council
1-800-832-6082
http://www.lakesandpines.org/

Contact your utility provider when making energy efficiency upgrades to your house, commercial, or rental properties; inquire about any rebates or grants available to offset the project cost.

 

 

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