Financial Resources

The City of Coon Rapids offers a variety of financing options for projects that help achieve its development goals. These resources are administered by both the City and its economic development partners, including the Central Minnesota Development Company (CMDC), Metropolitan Consortium of Community Developers (MCCD), and Center for Energy and Environment (CEE).

View the printable list of financial resources and incentives for Coon Rapids business.

Financial Resources and Incentives for Businesses

Program Name
Use of Proceeds
Contact
Coon Rapids Commercial/Industrial
Loan Fund

Land, building, machinery, equipment (no working capital)
Mike Mulrooney, CMDC,
763-784-3337
Coon Rapids
Commercial Fix-Up Fund

Exterior building improvements and site improvements
Mike Mulrooney, CMDC,
763-784-3337
Tax Increment
Financing/Tax Rebate Financing
Significant commercial/industrial development
Matt Brown, City of Coon Rapids,
763-767-6460
Industrial Revenue Bonds
Significant industrial development
Matt Brown, City of Coon Rapids,
763-767-6460
CMDC Initiative Fund
Land, building, machinery, equipment
Mike Mulrooney, CMDC,
763-784-3337
MCCD Small Business
Loan Program
Real estate, fixed assets, inventory, and working capital
Kathleen DuChene, MCCD,
763-438-7315
Connexus Energy Rebates
Energy efficiency assessments, lighting, HVAC, motors, drives, and compressors
Bruce Sayler, Connexus Energy,
763-323-2685
Connexus Energy
Vacant Property Discounted Rate
Reoccupy large, vacant buildings (20,000+ sq. ft.) with industrial businesses and data centers
Bruce Sayler, Connexus Energy,
763-323-2685
CEE Energy
Efficiency Loans
Lighting, HVAC equipment, refrigeration equipment, insulation, doors and windows
Jim Hasnik, CEE,
612-335-5885
Minnesota Investment Fund
Loans for real estate and fixed assets for manufacturing and technology-related industries
Matt Brown, City of Coon Rapids,
763-767-6460
State of Minnesota
Job Creation Fund
Rebate for job creation
Matt Brown, City of Coon Rapids,
763-767-6460
Metropolitan Council
Livable Communities Demonstration Account Grants
Grants for land assembly and public infrastructure that maximize benefits of regional infrastructure
Matt Brown, City of Coon Rapids,
763-767-6460
Metropolitan Council
Tax Base Revitalization Account
Environmental assessment and cleanup for residential, commercial, or industrial development
Matt Brown, City of Coon Rapids,
763-767-6460
State of Minnesota
Redevelopment Grants
Grants supporting real estate redevelopment
Matt Brown, City of Coon Rapids,
763-767-6460