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Y <br /> } <br /> CHAPTER 15 <br /> C. Enterprise Minnesota <br /> Minn.Stat.ch.1160. 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 a fee-for-services 501(c) (3)nonprofit. <br /> Lnterprse Minnesota 612-373- Enterprise Minnesota focuses on applied research and technology transfer <br /> 2900 or 800-325-3073. <br /> and early stage funding. It may provide financial assistance,including loan <br /> Minn.Stat.§ l 160.061. <br /> 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.Stat.§116J.037. As a tangential aid to encouraging development,the Department of <br /> DEEI?(651)297-1291 or(800) Employment and Economic Development may designate cities that meet <br /> 657-3858. <br /> certain criteria as e-commerce ready. <br /> E. Corporations <br /> Minn.`tat-4 465.717. Cities must not create nonprofit corporations unless authorized to do so by <br /> Minn.Stat.§471.59. special legislation. The law allows incorporation of a joint powers entity,but <br /> LMCIT risk information memo, these must comply with all applicable public sector laws(open meeting,gift <br /> Liah Hi r Covercoe;or.7oint <br /> /�orr.�r,_1,�,-per„�n;.r. law, conflicts of interest, competitive bidding, etc.) and must be separately <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 HUD 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 /> Rural Development State Office <br /> 410 Farm Credit Service Building available to cities from the U. S. Department of Agriculture,rural <br /> 375 Jackson Street St.Paul,MN development program. Sewer,water,rural enterprise,housing, and other <br /> 55101-1853,(651)602-7800.See types of grants and loans are available. <br /> also,Handbook,Chapter 25. <br /> 15:20 LEAGUE OF MINNESOTA CMES <br /> This chapter last revised 12/2010 <br />