Business
Assistance
Thinking About . . .
Business Start-Up,
Business Expansion,
Technology,
Training
A Collaborative Effort |
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| A variety of questions, ideas, concerns, and issues
arise in the start-up and operation of a new and
existing business. These questions range in subject
from financing, operation, marketing, insurance,
expansions, downsizing, etc. There are a variety of
resources available in the Long Prairie area to
assist current and prospective business owners in
optimizing your plans. This handout was designed to
help a prospective client identify the resources
available. |
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The Long Prairie Economic Development Authority
42 North 3rd Street
Long Prairie, MN 56347
(320) 732-2514
info@longprairie.org
www.longprairie.org
www.longprairie.net
The Long Prairie Economic Development Authority was
created with the primary goal of creating quality
employment opportunities for area residents. The
Long Prairie EDA offers a variety of relocation and
expansion assistance services including:
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- Community information and statistics
- Building and site selection assistance
- Financing alternatives
- Technical business assistance and referrals
- Training referrals
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The Long Prairie EDA also works on community and
regional development
issues impacting area businesses' stability and
growth including:
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- Infrastructure
- Housing availability and affordability
- Labor availability
- Local and regional comprehensive planning
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(MCCF) Minnesota Community Capital Fund
13911 Ridgedale Dr, Suite 260
Minneapolis, MN 55305
800-860-6223 |
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The City of Long Prairie is a member of the capital
fund . This a gap
lending source, all of the loans will be made in
conjunction with local financial
institutions and other economic development lenders
as part of the total financing package. This program
offers the City of Long Prairie the capacity to
originate loans of up to ten times the amount the
city contributed.
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- Flexible Financing
- Greater Opportunity
- Business Start-up and Expansion Loans
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Long Prairie
Area Chamber of Commerce
42 North 3rd Street
Long Prairie, MN 56347
(320) 732-2514
info@longprairie.org
The Long Prairie Area Chamber maintains basic
community demographic information to assist with
market analysis. Staff are available to answer
questions about the community. The Chamber is a membership organization and provides unique
information, marketing, and promotional
opportunities to member firms.
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- Member benefits
- Business directory
- Bulk mailing permits
- Business phone referrals
- Marketing materials
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Todd County Development Corporation
347 Central Ave. Suite 1
Long Prairie, MN 56347
320-732-2128
rick.utech@co.todd.mn.us
Todd County Development Corporation's mission is to
sustain and promote diverse economic development
that improves the quality of life in Todd County
- Facilitate assistance to local businesses in
order to retain and expand jobs
- Explore and pursue new, sustainable business
opportunities that connect existing resources and
supply chains
- Develop a multi-channel marketing plan that
promotes Todd County's balanced lifestyle,
agronomy-based work force and progressive business
policies
- Have an effective expression of ownership and
collaboration across all communities, local
governments, and economic development groups in
Todd County
- Promote and encourage infrastructure
development, such as broadband and transportation,
that supports retention and growth of job markets
and other needs of Todd County
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Region Five Development Commission
403 Prairie Avenue NE
Suite 100
Staples, MN 56479
(218) 894-3233
info@regionfive.org
Whether you are thinking of starting a business or
have owned a business for several years there is a
plethora of resources available to help you start
and grow your business.
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- A Guide to Starting a Business in MN (available free
of charge)
- Small Business Development Centers
- Tax Free Zones
- Transportation
- Community Planning
- GIS & Mapping
- Economic Development
- Housing
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Tax Free Zones
MN Department of Employment & Economic Development
800-657-3858
The City of Long Prairie and Long Prairie Township
have JOBZ acreage available for new businesses or
business expansions.
What is JOBZ? Job opportunity Building Zones, a new
and exciting tool to stimulate business activity in
Greater Minnesota. Eligible businesses in a zone
will operate in an environment nearly free of state
and local taxes. These tax incentives will help new
and expanding companies lower their overall costs
and facilitate growth.
Who is Eligible? Businesses must start-up in the
zone, relocate from outside the zone or expand.
Companies relocating from another Minnesota site
qualify by increasing employment by 20 percents
within the first year or making capital investment
of at least 10 percent of gross revenues.
How long will JOBZ Last? For up to 12 years
beginning in January 2004
Log onto our website to find all the current
information about the JOBZ, or you
can contact the Long Prairie Economic Development
Authority for sites.
(320) 732-2514
Tax Exemptions
Corporate Taxes (income tax, alternative minimum
tax)
Individual Taxes (income tax on investment
income, alternative minimum tax)
Sales and Use Taxes
Most Property Taxes (except for land, general
obligation bonds, and school
operating levies)
Wind Energy Production Tax
Tax Credit
Job Creation Credit |
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| Small Business Administration - Info Coming
soon... |
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Central Lakes College-Brainerd Campus
Small Business Development Center
501 West College Drive
Brainerd, MN 56401
800-933-0346
The mission of the Central Lakes College Small
Business Development Center is to improve economic
growth in Minnesota by providing assistance to small
businesses in order to increase the number of new
business start-ups, expand existing small
businesses, and reduce the number of small business
failures. This will in turn, preserve and create new
jobs and economic opportunities for many
Minnesotans. All services are confidential and are
low cost or no cost.
Services available for Small Business:
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- Business Planning
- Financial Analysis
- Loan Packaging
- Procurement
- Marketing and Sales
- Patent and Trademark
- Sources of Capital
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Central MN Initiative Foundation
405 First Street Southwest
Little Falls, MN 56345
(320) 632-9255
info@ifound.org
Business Financing Programs:
Microenterprise Loan Guarantee Program-Guarantees
loans against default for small business. Targeted
borrowers include women, minorities, young adults.
Seed Capital Fund-Supports emerging entrepreneurial
ventures by financing new product concepts,
development and market research.
Direct Business Loan Program-Fill gaps in financing
packages for new or expanding companies that show
potential for quality job creation or retention.
Technology Capital Fund-Supports emerging technology
ventures and helps establish companies integrate
proven productivity applications into their business
operation and processes.
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Local Financial Institutions
American Heritage National Bank
24 2nd Street South
Long Prairie, MN 56347
320-732-6131
Minnesota
National Bank
706 Hwy 71 South
Long Prairie, MN 56347
320-732-2133
Mid Central Federal Savings Bank
610 Lake Street South
Long Prairie, MN 56347
320-732-6191
Central Minnesota Federal Credit union
221 Lake Street South
Long Prairie, MN 56347
320-732-6662 |
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