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THE CITY OF RAMSEY - EDA FINANCING TOOLS <br />The City of Ramsey has a number of financial tools available for economic development <br />projects. Below is an overview of common economic development tools. <br />GAP FINANCING <br />• Ramsey Revolving Loan Fund (RLF) <br />• Minnesota Investment Fund (MIF) <br />SBA FINANCING <br />• Small Business Administration (SBA) Loans <br />• Small Business Administration (SBA) Loan Guarantees <br />PROPERTY TAX PROGRAMS <br />• Tax Abatement <br />• Tax Increment Financing (TIF) <br />PRIMARY FINANCING <br />• Private Primary Lending Lender and/or Owner Equity (no involvement from city) <br />• Industrial Revenue Bonds (IRB) <br />DISCLOSURE <br />Eligibility for financing tools is based on the merit of an individual protect, compliance with specific program requirements and in many cases approval from the Ramsey EDA and City Council The City <br />Ramsey targets quality protects with high quality lob growth Typically, protects will require owner equity and/or private financing <br />