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lent Financing Solutions <br />has the advantages and opportunities necessary for a successful incubator program, however still <br />> financing mechanisms. Below are a number of financing strategies and programs from a variety o <br />)ns that can help leverage Ramsey's assets. A combination of innovative financing programs and Ic <br />rill encourage economic diversification. <br />incing <br />Revolving Loan Fund is used to fill the <br />gap' of a particular project. The city <br />oans with below market interest rates for <br />of the total project cost. <br />anent Tax Increment Financing <br />rams work by leveraging future property <br />Jes for land acquisition or development. <br />Revenue Bonds <br />am uses the tax exempt status of local <br />?nt to provide below market rate interest <br />)nstructing new manufacturing facilities. <br />,r Business <br />Business advisers assist entrepreneurs <br />tify borrowing needs and accessing <br />options. Advisers work with clients to <br />n find the financing that best meets <br />unique needs. MCCD also provides <br />ancing and loans in partnership with <br />d nonprofits. <br />• Small Business Development Centers <br />The Minnesota SBDC works to provide consulting <br />and development services. SBDC consultants <br />work to connect eligible businesses with <br />appropriate funding sources. <br />. Minnesota Investment Fund (MIF) <br />The program provides financial incentives for <br />capital investments that retain or create new <br />high -paying jobs. <br />• Minnesota Job Creation Fund (JCF) <br />The State will provide a 5% rebate on capital <br />investments for eligible projects. Participating <br />companies must invest in new or expanded <br />facilities that create or retain jobs. <br />• Expert Consulting for Small Businesses <br />The Twin Cities Small Business Development <br />Center provides free consulting services to help <br />new businesses develop financing, marketing <br />and management strategies. <br />U.S. Small Business Admisitration <br />Loan Gurantees <br />The SBA works with lenders to provide loc <br />to small businesses. The agency doesn't I <br />money directly to small business owners. <br />it sets guidelines for loans made by its pa <br />lenders, community development organi <br />and micro -lending institutions. The SBA gi <br />these loans will be repaid, which eliminai <br />risk for the lending partners. <br />Metropolitan Consortium <br />r• _, �:a. ^-°lope <br />w6.AAM Wu <br />111 <br />� s <br />• Housing & Community Developme <br />The Metropolitan Consortium of Commt <br />Developers is an association of nonprof <br />organizations focused on housing and <br />economic development initiatives. The <br />works through loan fund development c <br />strategic planning programs to improve <br />community and workforce developmer <br />'n Opportunities The Ramsey <br />to Grow Advantage <br />nt <br />ies <br />Business Owner Incubator <br />Interviews Options <br />Resilient <br />Financing <br />Food Service Coworking Ma <br />Incubator Incubator It <br />We recommend advertising available options. Creating a comprehensive list of programs, <br />