Economic Development Financing Tools and Incentives
Revolving Loan Fund
The purpose of the Revolving Loan Fund (RLF) is to establish a low interest loan program to provide the capability and incentive for owners and tenants of new and existing businesses to upgrade the appearance, structural condition, and operating efficiency of their places of business, thereby improving their marketability and retaining and expanding job opportunities.
If you are interested in receiving more information about the Revolving Loan Fund you may download the Policy and Procedures or contact Cynthia Strack at 952-873-5553.
Restoration Opportunity, Sustainability, and Enterprise Program
The Belle Plaine EDA’s Restoration, Opportunity, Sustainability, and Enterprise (ROSE) Program provides financial support for improvements to commercial properties in our community. Qualifying improvements must be visible from public streets and sidewalks and must result in credible and lasting value for the property. The program further supports retaining and restoring important features of historic structures, although not all projects need to be historic in nature to qualify. Through the ROSE Program, property owners and business operators may receive forgivable loans provided the projects and activities meet the designated criteria. Forgivable loans may be granted from 20% - 50% of eligible project costs depending on the nature of the project itself, with higher-value projects meeting all criteria receiving a greater match. Download eligible projects here.
If you are interested in receiving more information about the ROSE Program you may download the application or contact Cynthia Strack at 952-873-5553.
The purpose of the Façade Improvement Loan Program is to establish a loan program to provide the capability and incentive for owners and tenants of new and existing businesses to upgrade the appearance of their places of business, thereby improving their marketability and promoting redevelopment of existing business properties within the City.
If you are interested in receiving more information about the Facade Improvement Loan Program you may download the Policy and Application or contact Cynthia Strack at 952-873-5553.
Tax Abatement and Tax Increment Financing (TIF)
The City of Belle Plaine will also consider tax abatement or tax increment financing requests. Please contact Cynthia Smith-Strack for more information.
|DEED - Business assistance is avaiable through the Department of Employment and Economic Development Provides significant support and resources for businesses. Training Grant Programs|
|Minnesota RETAP - The Minnesota Retiree Environmental Technical Assistance Program employs skilled, retired professionals to provide facility assessments and community sustainablitiy assistance to small businesses, institutions, and communities in Minnesota. (RETAP)|
|XCEL Energy - XCEL Energy business programs and rebates help owners and operators save energy and money at their facilities. Information on equipment rebates, energy audits and studies, and energy efficiency for new and improved facilities is available her. XCEL|
|MVEC Business Efficiency Rebates - MVEC offers business customers rebates and access strategies for creating efficiencies within their facilities. MVEC|