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Financial Resources
The City of Coon Rapids offers a variety of financing options for projects that help achieve its development goals. These resources are administered by both the City and its economic development partners, including the Central Minnesota Development Company (CMDC), Metropolitan Consortium of Community Developers (MCCD), and Center for Energy and Environment (CEE).
View the printable list (PDF) of financial resources and incentives for Coon Rapids business.
Financial Resources and Incentives for Businesses
Program Name |
Use of Proceeds |
Contact |
---|---|---|
Coon Rapids Commercial/Industrial Loan Fund |
Land, building, machinery, equipment (no working capital) |
Tim Walker, CMDC, (763) 784-3337 |
Coon Rapids Commercial Fix-Up Fund |
Exterior building improvements and site improvements |
Tim Walker, CMDC, (763) 784-3337 |
Tax Increment Financing/Tax Rebate Financing |
Significant commercial/industrial development |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
Industrial Revenue Bonds |
Significant industrial development |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
CMDC Initiative Fund |
Land, building, machinery, equipment |
Tim Walker, CMDC, (763) 784-3337 |
MCCD Small Business Loan Program |
Real estate, fixed assets, inventory, and working capital |
Carrie Mikkonen, MCCD, (763) 438-7315 |
Connexus Energy Rebates |
Energy efficiency assessments, lighting, HVAC, motors, drives, and compressors |
Christine Costello, Connexus Energy, (763) 323-2626 |
Connexus Energy Vacant Property Discounted Rate |
Reoccupy large, vacant buildings (20,000+ sq. ft.) with industrial businesses and data centers |
Christine Costello, Connexus Energy, (763) 323-2626 |
CEE Energy Efficiency Loans |
Lighting, HVAC equipment, refrigeration equipment, insulation, doors and windows |
Jim Hasnik, CEE, (612) 335-5885 |
Minnesota Investment Fund |
Loans for real estate and fixed assets for manufacturing and technology-related industries |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
State of Minnesota Job Creation Fund |
Rebate for job creation |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
Metropolitan Council Livable Communities Demonstration Account Grants |
Grants for land assembly and public infrastructure that maximize benefits of regional infrastructure |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
Metropolitan Council Tax Base Revitalization Account |
Environmental assessment and cleanup for residential, commercial, or industrial development |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
State of Minnesota Redevelopment Grants |
Grants supporting real estate redevelopment |
Matt Brown, City of Coon Rapids, (763) 767-6460 |
Property Assessed Clean Energy (PACE) Program | Energy efficient building improvements or new construction | St, Paul Port Authority (651) 204-6236 |
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Matt Brown
Community Development Director