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CHAPTER 1 s <br />C. Enterprise Minnesota <br />-Minn. stet. ch. 116C}. Enterprise Minnesota is a nonprofit business consulting organization, set up <br />by the Legislature that helps small and medium-sized manufacturing <br />companies, education services, and government entities in Minnesota. <br />Enterprise Minnesota operates as afee-for-services 501(c) (3) nonprofit. <br />F.nt~~Fri4c. ~~linnesota 612-x73- Enterprise Minnesota focuses on applied research and technology transfer <br />z9oo or aoo-3zs-3o73. and early stage funding. It may provide financial assistance, including loan <br />.Jinn. stagy' ~ 116x.1161. guarantees, direct loans, interest subsidies, or equity investments, to sole <br />proprietorships, corporations, other entities, nonprofit organizations, or joint <br />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. E-commerce ready cities <br />Minn. star. 4 116.1.037. As a tangential aid to encouraging development, the Department of <br />xl/~z~ (6sl) 297-1z91 or (800) Employment and Economic Development may designate cities that meet <br />6x7-3868. <br />certain criteria as e-commerce ready. <br /> E. Corporations <br />Minn. slat. § 46x.71%. Cities must not create nonprofit corporations unless authorized to do so by <br />:vlinn. star. ~ 471 s9. special legislation. The law allows incorporation of a joint powers entity, but <br />LMClT risk information memo, these must comply with all applicable public sector laws (open meeting, gift <br />~inbt~~}' ~'°"`~"°~-f°'~`'d"tr ) and must be separately <br />etc <br />etitive biddin <br />of interest <br />com <br />fli <br />t <br />l <br />I orver-s:4gr•eesnents. . <br />g, <br />, <br />p <br />aw, con <br />c <br />s <br />insured. <br />V. Federal development tools <br />A. Community development block grants <br />More information is available on The Community Development Block Grant (CDBG) program, under the <br />the Fri JJ~ Web site. U.S. Department of Housing and Urban Development (HUD), provides <br />cities with federal funding to initiate and continue a diverse array of housing <br />and community development projects. <br />B. Rural development grants <br />For more information, contact A variety of grants and loans to encourage economic development are <br />Mural I~eveloprnent ±tatc {:Tice <br />available t0 C1t1eS from the U. S. Department Of Agr1CUltUre, rural <br />410 Farm Credit Service Building <br />37s Jackson street st. rain, MN development program. Sewer, water, rural enterprise, housing, and other <br />sslol-lssx, (6x1) 6o2-7aoo. see types of grants and loans are available. <br />also, Handbook, Chapter 3s. <br />1x:20 <br />LEAGUE OF MINNESOTA CITIES <br />This chapter last revised 12/2010 <br />