Whether you are a one-person shop or a large corporation, we take your business needs seriously and will do our best to help you start or grow your business in the Thief River area.
We will help you navigate the programs and streamline the process of getting your project off the ground.
Starting and/or growing a business can be complicated, but we work hard to streamline the process. Give us a call at 218-280-1755 today to discuss your project needs, or drop us an email.
Community Development Finance Programs
Commercial Energy Renovation Loan proceeds can be used for heating/cooling systems, windows and doors, insulation, roofing, and/or meeting ADA requirements. These are interest free loans with a maximum loan amount of $75,000.
Storefront Renovation Loan Program
The Storefront Renovation Loan program can be used for exterior remodeling, signage, awnings, and/or meeting ADA requirements. The maximum loan amount is $15,000. These loans have an annual interest rate of 3%.
The Thief River Falls Mortgage/Lease/Rent Reimbursable Plan was established by the Community Development Advisory Board and the City of Thief River Falls to strengthen and diversify businesses in downtown Thief River Falls.
Revolving Loan Fund
The Revolving Loan Fund (RLF) program provides financing for industrial projects with favorable terms. Loan proceeds may be used for purchasing land, construction , purchase of existing plan, rehab or expansion of leased plants, purchase of equipment, or operating capital.
Childcare Finance Program
The Northwest Minnesota Foundation has created a Child Care Finance Program which is the result of a funding partnership with DEED. Quality child care is vitally important to everyone living in the northwest region: parents and caregivers who work or attend school, the child care sector itself, employers and of course, the children. The child care finance program was created to recognize and support the child care providers in northwest Minnesota. For more information, click here.
Minnesota Business Financing & Loan Programs
The Minnesota Department of Employment and Economic Development (Minnesota DEED) offers numerous financing programs designed to help companies in Greater Minnesota retain jobs or create new jobs:
- Angel Loan Fund
- Minnesota Investment Fund
- Minnesota Job Creation Fund
- Indian Business Loan Program
- 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.
The City of Thief River Falls provides infrastructure and services that support the needs of business and industry. In certain instances, Tax Increment Financing may be available for specific projects that meet eligibility requirements.
Third Street East
Thief River Falls, MN 56701
We'd love to hear about your project or needs!
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