The Red Wing Port Authority operates a large loan portfolio to healthy and expanding businesses that have the highest probability of creating new jobs. We provide:
- Long term
- Low down payment
- Reasonably priced financing
The Red Wing Port Authority has a variety of financing tools available including the following:
- JOBZ Program (Job Opportunity Building Zones)
- Local revolving loan funds
- Industrial Revenue Bonds
- Minnesota Community Capital Fund
- Minnesota Investment Fund
- SBA 504 Loan
- 504 Corporation
- Entrepreneurial Fund
With our experienced staff we can help put your financial package together to help your business grow!
The 3-story building known as the Wagon Works was built in the 1860's; over the years the Wagon Works building was home to a number of uses and most recently had fallen into a state of disrepair. The City wondered if the building was beyond repair. The community worked with Knudsen's Caramels & Cheesecake to acquire and finance a top to bottom renovation of the Wagon Works building, which now serves as an example of just how one might take a building from a total state of disrepair to a community treasure. Today, the caramel business is stronger than ever and Knudsen Caramels are distributed nationwide.