Economic development

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.


Expand all information

Business District Initiative

The Business District Initiative (BDI) provides funding to suburban municipalities within Hennepin County to support the economic vitality of priority business districts and main streets.

The 2017 call for proposals is now open.

Approximately $200,000 is available for individual awards of up to $50,000.

Deadline for proposals is March 15, 2017

To apply

Eligible applicants

Suburban Hennepin County municipalities, housing and redevelopment authorities, economic development authorities or port authorities.

Eligible locations

Suburban Hennepin County business districts with concentrations of neighborhood-serving retail, office, restaurant and/or entertainment uses that offer a variety of goods and services in a walkable environment.

Program Background

A thriving commercial main street or small business district is an essential part of any vibrant suburban community. Successful business districts can require extensive coordinated efforts, including:

  • Business recruitment
  • District marketing
  • Enhanced wayfinding
  • Streetscaping
  • Façade improvement incentives

Such efforts may be beyond the scope and resources of suburban communities with smaller populations.

Hennepin County started the Business District Initiative in 2015, recognizing that small businesses bring significant value to the communities in which they operate, but also to the county as a whole. They provide jobs, generate tax revenue, serve as hubs of activity, provide essential goods and services and help make places people want to live and visit. They can also foster entrepreneurship and support the region’s innovation economy.

In 2015, The Business District Initiative awarded $194,000 to five projects supporting suburban business districts in Hopkins, Long Lake, Maple Plain, Osseo and Robbinsdale.

Materials

Contact

Corridor planning

Hennepin County Community and Economic Development is offering Corridor Planning resources to municipalities and other local agencies and authorities for plans and studies that advance one or more of the Community Works’ program goals. Priority will be given to proposals that address community and economic development challenges, impact economically distressed areas, and/or align with multimodal transportation corridors in Hennepin County.

Eligible applicants

Hennepin County municipalities, park or watershed districts or other local agencies and authorities

Funding amount

Maximum award amount is $50,000. Total program funding is expected to support up to five projects.

Eligible uses

Studies, plans or preliminary designs focused on County roads or other transportation, commercial or transit corridors and address one or more of the following:

  • Land use
  • Housing
  • Market feasibility and redevelopment
  • Pedestrian or bike connections
  • Storm water management, watersheds, open space
  • Sustainability
  • Public realm improvements

Hennepin County and recipient will choose project consultants; Hennepin County will directly contract with selected consultant.

Read the full project summary (PDF)

How to apply

Proposers should use the application form. Proposals will be accepted on a rolling basis beginning December 1, 2016 until all the funds have been awarded.

Contact

Robb Luckow, Community Works Department, by email at robert.luckow@hennepin.us or by phone at 612-348-9344.

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 $1 million 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.

Eligibility

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 $12.82 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: Patricia.fitzgerald@hennepin.us or 612-543-0864 or Simran.aryal@hennepin.us or 612-348-4926.

Economic Gardening Program

What is it?

  • Provides scholarships to owners of second stage growth businesses for business research combined with peer learning and business forums.
  • 2016-2017 Program starts in Fall 2016

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

Regional Economic Gardening Network

Program description (PDF)

Recognizing the need for sustained growth of second-stage growth companies, the counties of Hennepin, 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, and  Anoka  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 participating CEO
  • CEO round table sessions: 8 half-day sessions for the CEOs of selected core companies; 8  roundtables of 12 CEOs from selected core companies (total of 36 companies)
  • CEO forum events: 8 sessions for participating CEOs and up to 50 additional companies per session

Recent and upcoming events 

Next event:

How to lead your business: Strategy in a digital age (PDF)

Speaker:Jim Wolford, CEO and owner, Atomic Data

Thursday, May 18, 2017
7:30 am to 9:00 am
Veritas, V'Cafe
2815 Cleveland Avenue
Roseville, MN 55113

Click here to register now

Past events:

April 21, 2017: How to keep your business fit with leadership skills (PDF)

March 17, 2017: How leadership and strategy build a path to success (PDF)

February 17, 2017: Strategy for Comfortable Success (PDF)

For more information

Hennepin County

Scott County

Ramsey County

Anoka County

Register online at Edward Lowe Foundation

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 patricia.fitzgerald@hennepin.us or 612-543-0864, economic and community development manager, Hennepin County Community Works Department

Collapse all information
Top