Find Funds

One-off and cyclical funding programs at the bottom of the page. These are updated monthly.
Gap Funding

EDA Gap Loan Program

Finance the remaining part of your project 33.3% of the total cost or up to $149K. Low interest rates. Apply here

 

Tax Credits

Border Cities Program

See the full program details here.

 

Low Interest Loan

EDA Microloan

2 year term at 2.5%-5% interest for microloans of $2,500-$10,000. If repaid in full within 12 months, may qualify for zero interest.

Apply here

Grants & Loans

Agriculture

View complete listing

See loans, grants, and business development support from the USDA. 

Low Interest Loan

Microloans

Micro loans are available through NW MN Foundation , African Development Center , MMCDC, and SBA Microloan Program. 

Low Interest Loan

Promise Act Loan

OPEN NOW. Available until 1/30/26 through NW MN Foundation and the Initiative Foundation,  Loans can only be used for capital improvements such as buying buildings for your business and/or building renovation and expansion. 
Property Tax

Disparity Tax Credit

Industrial, commercial, and some apts businesses within East Grand Forks automatically receive the Disparity Tax Credit on their property taxes. This reduces the tax rate down to roughly 1.6% which is competitive with ND's 3% rate.

Check with Polk Co. to see if you're eligible. 

Federal Grant

SBIR/STTR

Innovation grants for operations from LaunchMN. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) are non-dilutive, federal matching grants for research, development, and commercialization. 

Must be for-profit, 500 employees or less, and US-owned. Need help? SBDC reps: Christine Anderson or Nicole Evans

Childcare

Provider Loans

NW MN Foundation Childcare Loans

Childcare Aware loans, grants, and support

ParentAware funding resources, grants, and training

Stipend

Social Entrepreneur Fellowship

Available through the NW MN Foundation

The expectation is that Initiators dedicate 20 hours per week to the work of the fellowship and the development of their vision. The fellowship compensates each Initiator with an annual stipend of $30,000.

Low Interest Loan

Community Builder Loan

Funding available through the Midwest MN Community Development Corporation. Loan helps afford real estate purchases, construction/renovation/
expansion of business, equipment, working capital, and inventory.
Grants

WomensNet

Amber Grants

Small business grants for women in Minnesota. Enter to be awarded $10k each month through the Amber Grants for Women program.

Grants & Loans

Women Entrepreneur

An aggregated list from WE Magazine of different grants, loans, and scholarships for women. Topics and purpose vary greatly.

Startup

Crowdfunding

MNVest similar to Kickstarter

Silicone Prairie Portal & Exchange helps companies raise up to $5M in capital. 

Startup

Angel Investors

Angel Tax Credit Program provides 25% tax credit to investment funds or investors for innovative startups. (funding paused)

0% Loan

MPCA

Businesses of 100 staff or less, with less than $500k profits can apply for environmental 0% loans. Learn more from the MPCA.

No Interest Loans

Veteran & Reservist

Loans available for existing and startup veteran businesses. Both types of loans provide one-time, interest-free loans of $5,000 to $20,000. The loan terms are 54 months, with no repayment for the first 18 months and equal monthly payments over the remaining 36 months.

Tax Credits

New Market Tax Credits

Helps direct the flow of capital to businesses and low income areas by providing tax incentives to private investors with flexible and creative lending.

Visit the MMCDC page.

Faith-Based

Riba Free Loans

Access Sharia-compliant business loans and mortgages through: 

Devon Bank , UIF/ University Bank, Bank of Whittier, African Development Center

 

Low Interest Loan

SBA Loans

504 Loan long-term, fixed-rate loans up to $5 million for capital purchases such as land, buildings, machinery and equipment.

7(a) offers financial help for businesses with special requirements. 7(a) loans max amount is $5 million.

Midwest Business Finance Corp is able to assist with these. Search for other lenders of these programs through the SBA page

Jobs

Work Opportunity Tax Credit

Business tax credit allows employers to reduce their federal tax liability by up to $9,600 per new hire. Learn more: WOTC

Food

Healthy Food Loans

Low interest loans to assist fresh food retailers from MMCDC

Low Interest Loan

Expanding Opportunity Fund

Available through NW MN Foundation. State funding runs from 2023-2025. Must have 500 employees or less.
Jobs

Jobs Creation Fund

Funding for businesses expanding and adding at least 5 jobs. Contact the EDA for application assistance. 

CVB Flicker page Bernies

EDA funding programs available for YOUR business

The Economic Development Authority of East Grand Forks has some options to support your business's growth and expansion.

To be considered for EGF Economic Development Authority programs, Border Cities, Microloan, and Gap Loans, use the button below to apply.

Already have an active incentive or funding program? Report your annual jobs and wages information with the button below.

loan documents and blueprints

EDA Financial Assistance Policies

The Economic Development Authority of East Grand Forks revised the lending and assistance policies in October 2024.

Read the EDA's business subsidy, revolving loan, and tax credit policies. 

Updated monthly

Limited Duration Grants & Funding Rounds

Offered through various organizations either once or cyclically. Subject to change. 

Promise Act Grant

πŸ’΅up to $50k

πŸ“NW MN Foundation

πŸ‘¨β€πŸ’»Apply here

Small Business Heroes Grant

πŸ’΅ $20k grant + business resources

πŸ“ Intuit QuickBooks

πŸ‘¨β€πŸ’» Learn about being nomination 

 

MN Ideas Grant

πŸ’΅ $125k, opens Jan 5th

πŸ“St. Paul Foundation

πŸ‘¨β€πŸ’»Charitable project details

 

Management Improvement Fund

πŸ’΅ $15k to nonprofits

πŸ“St. Paul Foundation

πŸ‘¨β€πŸ’»See the details

 

US Chamber Grant List

πŸ’΅ Amounts vary

πŸ“Various organizations

πŸ‘¨β€πŸ’»Check out all the opps

 

Farming, Ag, Food Funds

πŸ’΅ Amounts vary

πŸ“ USDA Institute of Food & Ag

πŸ‘¨β€πŸ’»Browse the open RFAs

 

Thrive Grant

πŸ’΅ $5k grant, opens Jan.

πŸ“Breva

πŸ‘¨β€πŸ’»Learn more about the details

 

EGF Childcare Provider Grant

πŸ’΅ Varies, opens Jan 15th

πŸ“ EGF RCCIP Committee

πŸ‘¨β€πŸ’» Preview the info

Veteran Grants

πŸ’΅ Amounts vary

πŸ“Various organizations

πŸ‘¨β€πŸ’»Browse the listings

 

Emerging Entrepreneur Loan

πŸ’΅ Low Interest Loan Program

πŸ“ DEED

πŸ‘¨β€πŸ’»See if this program works for you

MN Job Skill Partnership Grant

πŸ’΅ Up to $400k to edu partner

πŸ“ DEED 

πŸ‘¨β€πŸ’»See if this program works for you

Small Business Environmental Improvements Loans

πŸ’΅ 0% interest, $1k-$75k up to 7 years

πŸ“ MPCA

πŸ‘¨β€πŸ’» Read about the details

Want to know more

About EGF

Send us a message to learn how East Grand Forks 

can be the right fit for your business.

Contact Us

To find out what incentives and opportunities are available here to help launch your business.