Whether you are starting a business, or already have one – we want you provide you with the tools and resources you need to succeed!

Below is a list which may benefit both new and existing businesses, with direct links to additional information.

Please contact us at 218-321-2079, or info@greaterfergusfalls.com with questions.

Business Resources:

Business Financing:

  • Minnesota Department of Employment & Economic Development – resources include loans, rebates and grants for eligible businesses to purchase real estate, renovate, create jobs, purchase equipment and more.
  • MN Property Assessed Clean Energy (PACE) – allows commercial owners to make energy efficiency improvements; costs are paid for by this program, and business owners pay off the loan through a special property tax assessment
  • Otter Tail Power Business Rebates & Energy Assistance Programs
  • City of Fergus Falls – tax abatement, tax increment financing and gap financing up to $250,000
  • Fergus Falls HRA – financing for remodeling (interior & exterior), ADA improvements, energy efficiency improvements, restoration, facade improvements and more
  • West Central Initiative Foundation – offers five different programs, ranging from $1,000 to $300,000 for start-up businesses, existing businesses looking to purchase equipment/expand, child care providers and more
  • USDA – loans, grants and resources for agricultural businesses (ie: farming, meat processors, breweries, wineries, etc.)

Workforce Development Financing (employee training):

  • MNDEED funding to pay for employee training – includes both new, and existing employees.  Programs include funding directly to the business, and funding in partnerships with a local college.
  • Minnesota Office of Higher Education – this program reimburses businesses in eligible industries (manufacturing, agriculture, health care, information technology) for sending their employees to any industry-recognized training, up to $6,000 per employee
  • M State College – Campuses provide customized training for businesses.  Training can be on-site, on campus, mobile units and/or online.