Property Assessed Clean Energy Program (PACE)
MinnPACE, a division of the Saint Paul Port Authority, is the largest provider of PACE financing in the State of Minnesota.
Property Assessed Clean Energy (PACE) is an innovative finance solution for building owners interested in energy efficiency and renewable energy upgrades. The PACE structure overcomes financial challenges that hinder the adoption of such projects by eliminating upfront costs, providing low-cost, long-term financing and making it easy for building owners to transfer payment obligations to tenants, as well as new owners, in the case of sale.
Pete Klein
Saint Paul Port Authority
380 St. Peter Street, Suite 850
Saint Paul, MN 55102
Category: State Incentives, Grants & Loans
More State Incentives, Grants & Loans
The Minnesota Investment Fund provides grants to help add new workers and retain high-quality jobs on a statewide basis.
The focus is on industrial, manufacturing, and technology-related industries to increase the local and state tax base and improve economic vitality statewide.
To Apply...
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The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets.
Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities...
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Making improvements to enhance a building’s energy efficiency has a variety of proven benefits. First, there’s the economic impact of dollars saved on utilities and added value to the property. Additionally, in saving energy, we also reduce carbon emissions and lessen our dependence on foreign...
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The City of Red Wing and its Port/Housing Authorities have an adopted TIF Policy to further certain redevelopment, renewal and housing related projects. The fundamental purpose of using TIF is to support desirable development that would not otherwise occur “but for” the public’s financial TIF...
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