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RELEVANT LINKS: <br /> "Proprietary technology" means the technical innovations that are unique <br /> and legally owned or licensed by a business and includes, without <br /> limitation, those innovations that are patented, patent pending, a subject of <br /> trade secrets, or copyrighted. "Eligible project" means an innovative <br /> business development capital improvement project in this state, including: <br /> • Manufacturing; technology; warehousing and distribution; research <br /> and development. <br /> • Innovative business incubator. <br /> • Agricultural processing; or industrial, office. or <br /> • Research park development that would be used by an innovative <br /> business. <br /> Minn.stat.§272.02,subd. DEED administers "tax-free"job opportunity building zones (JOBZ). In <br /> 64. <br /> each of these zones, businesses will be eligible for a broad range of tax <br /> incentives for a period of 12 years. Under the program, local units of <br /> government, including cities,must submit applications to DEED and <br /> follow all statutory requirements related to JOBZ. <br /> C. Enterprise Minnesota <br /> Minn.stat.ch.1160. Enterprise Minnesota is a nonprofit business consulting organization, set <br /> up by the Legislature that helps small and medium-sized manufacturing <br /> companies, education services, and government entities in Minnesota. <br /> Enterprise Minnesota operates as a fee-for-services 501(c) (3)nonprofit. <br /> Enterprise Minnesota 612- Enterprise Minnesota focuses on applied research and technology transfer <br /> 373-2900 or 800-325-3073. <br /> Minn.stat.§1160.061. and early stage funding. It may provide financial assistance, including loan <br /> guarantees, direct loans, interest subsidies, or equity investments,to sole <br /> proprietorships, corporations, other entities, nonprofit organizations, or <br /> joint ventures. Financial assistance includes but is not limited to assisting a <br /> qualified company or organization with business services and products that <br /> will enhance the operations of the entity. <br /> D. Corporations <br /> Minn.stat.§465.717.Minn. Cities must not create nonprofit corporations unless authorized to do so by <br /> Stat.§471.59. <br /> LMC information memo, special legislation. The law allows incorporation of a joint powers entity, <br /> Liability coverageforJoint but these must comply with all applicable public sector laws (open <br /> Powers Agreements. <br /> meeting, gift law, conflicts of interest, competitive bidding, etc.) and must <br /> be separately insured. <br /> League of Minnesota Cities Handbook for Minnesota Cities 11/4/2014 <br /> Community Development and Redevelopment Chapter 15 1 Page 22 <br />