Economic Development Resources
The City of Sartell and the State of Minnesota offer financial incentives to eligible businesses and projects to encourage capital investment and quality job creation. We will work diligently to recruit and retain businesses to our community.
Available Assistance Opportunities
The following is a list of financing options which we can provide. All assistance must be approved by the Sartell City Council and meet the City’s subsidy policy criteria.
- Revolving Loan Funds
- Tax Abatement
- Tax Increment Financing
- State Incentives
- Job Opportunity Building Zones
For information on the City’s subsidy policies and to see if your project is eligible, please contact Mary Degiovanni.
Greater St. Cloud Development Corporation
The City of Sartell works with the Greater St. Cloud Development Corporation to attract new businesses to Sartell and to help existing businesses prosper and expand here. The Corporation is in place to strategically position Central Minnesota in national and global marketplaces.
Minnesota Department of Employment and Economic Development
The Minnesota Department of Employment and Economic Development helps business successfully expand or relocate all or part of their business operations. They provide relevant facts and demographics to help make the right recommendations.
Initiative Foundation of Central Minnesota
The mission of the Initiative Foundation is to unlock the power of central Minnesota people to build and sustain healthy communities. They provide resources in leadership training, financial investments, staff assistance, and resource referral in an effort to provide and achieve long-term results.
Small Business Administration
The Small Business Administration (SBA) provides information for small business loans, grants, bonds, and other financial assistance. While they do not provide the loans directly, they are able to connect you with a local lender.