Resource Library Business Incentives & Programs
Elected and appointed officials in each community are committed to facilitating economic development efforts that will help strengthen the county. While each jurisdiction’s policies are different and priorities are unique, they share a common culture of making projects happen. A variety of programs and financing tools are available to businesses looking to locate in Scott County, including;
- Tax Increment Financing (TIF) and Tax Abatement
- NextStage for Entrepreneurs Business Advising Services
- Center for Entrepreneurship (CFE) – Business Accelerator Program
- Façade Improvement Grants
The economic development team representatives and local government staff can provide information on economic development programs. Be sure to also ask about other resources that may be available to make the process easier for you or your client.
Current Incentives & Programs
The Business Accelerator program supports the growth of emerging businesses within an entrepreneurial environment that encourages collaboration, fosters job creation, and provides connections to key resources. You can do a virtual membership or lease a space!
NextStage for Entrepreneurs
Growing or starting a small business isn't easy. The Scott County NextStage for Entrepreneurs program offers free, one-on-one, confidential business consulting to help entrepreneurs in Scott County with growing or starting their businesses.
Like on the TV Show Shark Tank, Scott County community members, entrepreneurs, professionals, and students compete to pitch breakthrough inventions and business ideas to a panel of judges to win critical resources and move their concept to the next level.
CEO Next Business Institute
This cohort-based program supports second-stage businesses with peer-to-peer roundtables, forums, and learning opportunities, as well as 40-50 hours of time with dedicated research specialists on market trends, understanding competitors, and finding potential customers.
Scott County Fiber Network
Over 1,000 miles of Scott County-owned fiber connects cities throughout the county. This fiber network may be utilized by companies to provide exceptionally resilient connectivity service at an affordable price and can result in long-term operating expense savings.
Tax abatement is a temporary deferral of taxes by the city, county, or a combination of both. The proceeds can be used to pay for public improvements that benefit the property, acquire land, reimburse the cost of improvements made, and other development costs.
Minnesota Investment Fund
The Minnesota Investment Fund provides financing to help add new workers and retain high-quality jobs statewide. The focus is on industrial, manufacturing, and technology-related industries to increase the local and state tax base and improve economic vitality.
Tax Increment Financing (TIF) is a public financing method used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. Similar or related value-capture strategies are used around the world.
Jobs for Fees is a program created by the City of Jordan Economic Development Authority. Its purpose is to assist existing businesses with expansion and attract new businesses to Jordan, whose operations will help expand the city's economy and maintain/grow its tax base.
Revolving Loan Programs
These programs available in some Scott County communities provide owners and tenants loans to assist with projects such as facades and building improvements. These are excellent programs for improving the community's look and feel!
The Scott County CDA is working on launching a business loan program.
More information will be available soon!
South Metro SCORE, through a network of volunteer counselors, will provide free advising services to small businesses in the south metro area.
Connect with Communities
Want to connect with a specific community? Below you’ll find the contact information for each of the communities that make Scott County great.
Cynthia Smith-Strack, Community Development Director
952.873.5553 or email@example.com
Mark McNeil – Administrator
Elko New Market
Tom Terry, City Administrator
952.461.2777 or firstname.lastname@example.org
Tom Nikunen, City Administrator
952.492.2535 or email@example.com
Ken Ondich, Planning Director
952.758.4401 or firstname.lastname@example.org
Casey McCabe, Community and Economic Development Director
952.447.9813 or email@example.com
Brad Larson, City Administrator
952.882.2646 or firstname.lastname@example.org
Michael Kerski, Director of Planning & Development
952.233.9346 or email@example.com
Jo Foust, Business Development Director
952-496-8830 or firstname.lastname@example.org
We're here to help
If you aren't sure what program or incentive fits with your business ambitions, drop us a note. We'd love to help you make it happen in Scott County.Contact Us