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is to help small businesses obtain financing for job creation, to fund business <br /> expansion and to promote economic development in Minnesota. SPEDCO can <br /> handle SBA Loan financing for businesses wishing to expand or locate in Mounds <br /> View. They provide long-term, fixed rate loans through the SBA 504 Loan <br /> program and also provide 7(a) loan packaging consulting services to banks and <br /> their customers. For more information call 651-631-4900. <br /> D. Workforce Development Programs <br /> Minnesota WorkForce Centers (WFCs) provide the tools, resources and services needed <br /> for job search, career planning and training needs. WorkForce Centers are a <br /> collaboration of partners. People seeking work, businesses seeking employees, <br /> students, and those looking for a first job or returning to the workforce, will find services <br /> to meet their needs, most offered at no cost. Each WFC house houses a Resource Area <br /> that operates similar to a library. <br /> The Ramsey County WorkForce Center that services businesses in the City of Mounds <br /> View is located in North St. Paul. The Center provides a variety of services to employers <br /> to meet their employee recruitment and retention needs. Some services provided include <br /> training seminars, training grants, job fairs, and wage subsidies to name a few. <br /> Businesses may contact Cheryl Beaumier, Business Services at the Minnesota <br /> Department of Employment & Economic Development at 651-779-5645. Businesses can <br /> also visit the Department's website at www.deed.state.mn.us. Some of the workforce <br /> • programs available to employers include: <br /> 1) Minnesota's Job Bank <br /> The Minnesota Department of Employment and Economic Development (DEED) is <br /> responsible for administering various state and federal programs that provide <br /> workforce development services. Minnesota's Job Bank is an Internet-based self- <br /> service system where member employers and job seekers can find each other. <br /> Employer members can post job openings to be searched by job seekers. <br /> Employer members can also search for job candidates and contact them by email. <br /> Job seeker members can post a resume to be searched by employers. Members <br /> can also search for job openings, contact employers by e-mail, and apply online. <br /> 2) Work Opportunity Tax Credit (WOTC) & Welfare-to-Work Tax Credit (WtW) <br /> WOTC allows employers to take a federal income tax credit when they hire <br /> persons from certain targeted groups. For most groups, the maximum credit is <br /> 40% of the first $6,000 in qualified wages for a savings of $2,400. The WtW Tax <br /> Credit is a two-year program involving the hiring of long-term family assistance <br /> recipients that provides tax savings up to $8,500 for each eligible new hire. <br /> 3) Customized Training Programs. <br /> The Metro Consortium for Customized Training is an association of the <br /> Customized Training divisions of the 10 metropolitan area community and <br /> technical colleges and Metropolitan State University. It facilitates customized <br /> • training for Minnesota employers using the expertise and resources of the 10 <br />