Laserfiche WebLink
RELEVANT LINKS: <br />League of Minnesota Cities Handbook for Minnesota Cities 8/1/2023 <br />Community Development and Redevelopment Chapter 14 | Page 23 <br /> Enterprise Minnesota focuses on applied research and technology transfer <br />and early-stage funding. <br />Enterprise Minnesota 612- <br />373-2900 or 800-325-3073. <br />Minn. Stat. § 116O.061. <br />It may provide financial assistance, including loan guarantees, direct <br />loans, interest subsidies, or equity investments, to sole proprietorships, <br />corporations, other entities, nonprofit organizations, or joint ventures. <br />Financial assistance includes but is not limited to assisting a qualified <br />company or organization with business services and products that will <br />enhance the operations of the entity. <br /> D. Corporations <br />Minn. Stat. § 465.717. <br />Minn. Stat. § 471.59. <br />LMC information memo, <br />LMCIT Liability Coverage <br />Guide, Section II-I, Joint <br />powers entities. <br />Cities must not create nonprofit corporations unless authorized to do so by <br />special legislation. The law allows incorporation of a joint powers entity, <br />but these must comply with all applicable public-sector laws (open <br />meeting, gift law, conflicts of interest, competitive bidding, etc.) and must <br />be separately insured. <br /> V. Federal development tools <br /> A. Community Development Block Grants <br />More information is available <br />on the HUD web site. The Community Development Block Grant (CDBG) program, under the <br />U.S. Department of Housing and Urban Development (HUD), provides <br />cities with federal funding to initiate and continue a diverse array of <br />housing and community development projects. <br /> B. Rural development grants <br />For more information, <br />contact Rural Development <br />State Office 410 Farm Credit <br />Service Building 375 Jackson <br />Street St. Paul, MN 55101- <br />1853, (651) 602-7800; See <br />also, Handbook, Financing <br />Public Improvements. <br />A variety of grants and loans to encourage economic development are <br />available to cities from the U. S. Department of Agriculture’s Rural <br />Development program. Sewer, water, rural enterprise, housing, and other <br />types of grants and loans are available. <br /> VI. How this chapter applies to home rule <br />charter cities <br /> All the tools this chapter lists are available to charter cities. The general <br />discussions also apply to all cities. <br />