MINNESOTA INCENTIVES SUMMARY

Greater Minnesota Job Expansion Program
This program provides sales tax exemptions of up to 12 years to eligible existing companies in Minnesota. Eligibility requirements include job creation and meeting wage level thresholds.

Data Centers
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. Refurbishing 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, and 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.

Minnesota Investment Fund
This fund offers loans of up to $500,000 for projects relating to industrial, manufacturing, and technology-related industries. Funding may be used to purchase land, machinery, and equipment.

Minnesota Job Skills 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.