Business assistance

Hennepin County provides assistance to businesses and municipalities through a variety of programs designed to support businesses, promote economic development, create and retain jobs, and cultivate entrepreneurs.

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Business District Initiative

2015 Business District Initiative

Hennepin County is seeking proposals from suburban municipalities for the implementation of strategies to enhance the economic vitality of priority small business districts and main streets.


Thriving commercial main streets and small business districts provide important goods and services, create a sense of place, and help make communities desirable and productive.  Small businesses produce considerable tax revenue, provide jobs, and serve as hubs of activity in suburban communities.  Successful business districts also provide opportunities to foster entrepreneurship and help support the region's innovation economy.

Eligible uses

  • Business recruitment
  • District-wide marketing, branding, and/or promotion initiatives
  • District-wide wayfinding planning, design and implementation
  • Technical assistance for business districts or individual businesses (including but not limited to special service district or business association establishment; financial, legal, or tax-related services; merchandising, marketing, and social media assistance)
  • Small business incubators
  • Design and/or implementation of street furniture and/or other enhancements
  • Building facade improvements

Read more:

Project summary (PDF)

Full guidelines (PDF)

How to obtain RFP documents

Proposals will be accepted through October 30, 2015 for funding to be announced in February 2016.

Contact or 612-348-8276

Common Bond Fund

The Common Bond Fund is a revenue bond financing program for growing manufacturing companies in suburban Hennepin County. The fund is designed for profitable owner-occupied manufacturing facilities whose owners provide personal guarantees. Any owner-occupied manufacturing business expanding in or relocating to Hennepin County can submit a request.

Potential projects can include the following:

  • Land acquisition
  • New facility construction
  • Additions to existing facilities
  • Purchase and renovation of existing structures
  • Purchase of production equipment

The program provides long-term fixed-rate financing to businesses at reasonable interests rates. Rates on tax-exempt bonds are approximately equal to the 20-year T-Bill. Terms may be for 15 to 30 years, depending upon the assets acquired. These bonds are rated "A+" by Standard & Poor, and therefore offer lower interest rates.


Hennepin County and the City of Minneapolis approve projects based upon the financial strength, credit worthiness and public purpose served. A representative from the county or city staff will handle requests from initial inquiry through post-closing monitoring. The city in which the project is located must approve the project.

The public approval process takes approximately 90 to 120 days, and no special requirements from Minneapolis are placed upon projects located outside of the city.

Read more on the Common Bond Fund (PDF).

Contacts for more information

If you have questions or requests for more information contact:

Economic Development Infrastructure Fund

Relocating, starting, or expanding a business can involve extraordinary costs, such as demolition, site clearance, relocating utilities, replacing aging or inadequate water and sanitary sewer systems. These costs are common barriers for job creation projects that involve intensification of land uses or reuse of functionally obsolete sites.

Hennepin County is making up to $500,000 in grant funding available to support business recruitment and expansion through targeted investments in infrastructure upgrades and extraordinary costs associated with starting or expanding a business. The Economic Development Infrastructure Fund is a pilot initiative designed to enhance the economic competitiveness of Hennepin County by leveraging private investment, increasing the tax base, and creating and retaining jobs.

The Economic Development Infrastructure Fund is intended to be a funding source of last resort when all other potential sources, private and public, are insufficient for the project to move forward.


Municipalities in Hennepin County may apply for assistance through the Economic Development Infrastructure Fund for projects that include new or expanding businesses with a demonstrated financial need due to extraordinary costs, such as demolition, site clearance, soil stabilization, site improvements, utility relocation or upgrades. The proposed project must support a business that:

  • Will expend a minimum of $500,000 in real property improvements (construction, renovation, etc.) within 18 months of award;
  • Create a minimum of ten new permanent, full-time jobs (2,080 hours annually) that will be paid at least $12.61 in wages (adjusted annually) while maintaining existing employment numbers.

To avoid potential duplication of resources with Hennepin County’s Transit-Oriented Development Program, eligibility for the Economic Development Infrastructure Fund will be restricted to projects located outside priority transit corridors, including areas within ½ mile of existing or planned light rail, bus rapid transit, arterial bus rapid transit, and commuter rail transit stations.

Read more on the Economic Development Infrastructure Fund (PDF)

Contact for more information

If you have questions or requests for more information contact: or 612-543-0864.

Economic Development Strategy

The 2012 Comprehensive Economic Development Strategy results from local planning processes designed to guide the Hennepin-Carver Workforce Investment Board, economic development efforts, help create jobs, foster more stable and diversified economies, and improve living conditions.

The strategy seeks to focus economic development and associated infrastructure investments, employment and training, environmental protection, and planning and delivery of transportation services to improve the economic self-sufficiency of Hennepin County.

Every other year, the Hennepin-Carver Workforce Investment Board, through its Business and Economic Development Committee, updates the strategy.

Read more about the Comprehensive Economic Development Strategy (PDF).

Economic Gardening Program

Upcoming event

Revolutionizing the Industry:  from Kit Planes to Personal Jets (PDF)

Speaker:  Dale Klapmeier, co-founder and CEO, Cirrus Design Corporation

Wednesday, November 18, 2015
7:30 am
Northeast Bank
77 Broadway Street NE
Minneapolis 55413


What is it?

  • Provides scholarships to owners of second stage growth businesses for business research combined with peer learning and business forums.
  • 2015-2016 Program starts in Fall 2015

What businesses are eligible?

  • Privately held businesses
  • 10-99 employees
  • Revenue between $1M-$50M
  • Ready to transition from small to large — past start-up stage but not yet mature
  • Appetite and aptitude for growth

How does it work?

The Economic Gardening program provides:

  • Custom research:  40-60 hours per chief operating officer
  • Chief operating officer (CEO) round tables sessions:  8 half-day sessions
  • CEO forum events:  4 sessions for CEO's and additional companies per session

For more information

Hennepin County

Patrick Connoy

Carver County

Patrick Connoy

Scott County

Brad Davis

Ramsey County

Denise Beigbeder

Anoka County

Karen Skepper

For additional information on economic gardening

Contact Patrick Connoy at or 612-348-2215.

Register online at Edward Lowe Foundation

Regional Economic Gardening Network

Program description (PDF)

Recognizing the need for sustained growth of second-stage growth companies, the counties of Hennepin, Carver, Anoka, Scott and Ramsey have established the Regional Economic Gardening Network to provide select growth companies with no cost business research and enhancement. Companies who participate in this opportunity must show potential for job creation and longer-term business growth.

Hennepin County previously funded a successful “pilot” Economic Gardening project which assisted in the design of this current partnership program. Hennepin County is the lead agency in coordination with Ramsey, Scott, Anoka and Carver Counties. The counties implement the Edward Lowe Foundation’s Economic Gardening Program that provides practical tools and techniques designed specifically for growing regional second stage companies within the counties including provision of:

  • Custom research: 40-60 hours per chief operating officer (CEO) of four “pods” of 15 selected core companies (for a total of 45 companies)
  • CEO round table sessions: 8 half-day sessions for the CEO’s of the 60 selected core companies
  • CEO forum events: 4 sessions for CEO's of up to 100 additional companies per session

Open to Business Initiative

As part of a broader strategy to promote economic development, create and retain jobs, and cultivate entrepreneurs, the Hennepin County Housing and Redevelopment Authority (HCHRA) offers financial support to suburban Hennepin municipalities interested in launching or expanding a small business and entrepreneur technical assistance initiative called Open to Business.

Read more about Open to Business (PDF).

Open to Business is a partnership between Hennepin County Housing and Redevelopment Authority and the nonprofit community development organization Metropolitan Consortium of Community Developers (MCCD). Through this partnership, MCCD provides direct, one-on-one technical assistance services to participating municipalities, entrepreneurs and small businesses. The range of services includes:

  • Business plan development
  • Feasibility studies
  • Cash flow and financing projections
  • Marketing
  • Loan request preparation
  • Advocacy with lending institutions

The Open to Business model has since expanded to multiple cities within Hennepin County, including: Bloomington, Brooklyn Center, Brooklyn Park, Eden Prairie, Edina, Golden Valley, Hopkins, Independence, Maple Plain, Medina, Minnetonka, New Hope, Osseo, Richfield, Robbinsdale, St. Anthony and St. Louis Park.

Effective outcomes for small business

Since 2012, Open to Business has supported more than 8880 small businesses with technical assistance, consultation and financial support, including $20.5 million in direct and facilitated financing to Hennepin County. The program has preserved or added new employment for 500 workers as a result of financing.  In 2013, 51% of Open to Business clients were women, and 46% were minorities.

What funding is available?

The HCHRA has limited funding available for matching grants up to $12,500 for municipalities who wish to provide an Open to Business in their community. Funds are available on a one-time basis.

Who do I contact for more information?

Patricia Fitzgerald at or 612-543-0864, economic and community development manager, Hennepin County Community Works Department

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