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MINNESOTA INCENTIVES SUMMARY

Greater Minnesota Job Expansion Program
This program provides sales tax exemptions for up to seven years to eligible existing companies in Minnesota. Eligibility requirements include job creation and meeting wage level thresholds. The maximum sales tax refund is limited to $2 million annually and $10 million over the seven-year certification period.

Data Center Sales Tax Exemption
This incentive provides sales tax exemption for projects involving the construction of new data or network operations centers of at least 25,000 square feet with an investment of at least $30 million or the refurbishment of existing centers of at least 25,000 square feet with an investment of at least $50 million. The sales tax exemption is for up to 20 years and includes computers and servers, cooling and energy equipment, energy use, and software.

Minnesota Job Creation Fund
This fund provides grants of up to $1 million to businesses involved in job creation and capital investment. Larger projects may qualify for up to $2 million. Companies with as few as five new jobs may be eligible. Funding of $200,000 or more requires prevailing wage requirements.

Minnesota Investment Fund
This fund offers loans for projects related to industrial, manufacturing, and technology-related industries. Funding may be used to purchase land, machinery, and equipment. Funding of $500,000 or more requires prevailing wage requirements.

Minnesota Partnership Program
The program provides grants of up to $400,000 to educational institutions that partner with businesses to develop new job training or existing job retraining.

Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.

Site
Selection

BlueCap aids companies in developing critical location criteria and implementing thorough evaluation processes for finding future business locations resulting from a need to expand an existing facility, enter new markets, or merge locations

Economic
Incentives

Incentives often drive the approval of company capital budgets by supporting initial capital investments in facilities and equipment, reducing operating costs, and lessening the impact of government taxes and regulations.

Incentives Management

Governments require companies to complete annual reporting to ensure the company achieves its commitments for jobs and capital investment. BlueCap manages reporting for clients for the term of each incentive to ensure clients receive the benefits offered.

Economic
Development
Consulting

BlueCap helps communities of all sizes by implementing strategies focused on industry development, job creation, and tax base stability. BlueCap aids in creating strategic plans, marketing plans, cluster industry analyses, and other economic development activities to attract corporate investment and ensure economic growth.

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