Red Wing Downtown Investment Partnership Technical Assistance Grant Program

The City of Red Wing has set aside funds over the past five years to help implement a “Downtown Investment Partnership” initiative. The City Council approved guidelines for a 2-year pilot program on January 8, 2018. Although no project was initiated during those two years, a portion of the set-aside funds will be used as technical assistance grants within the downtown district as defined in the 2040 Comprehensive Community Plan. Guidelines for the use of these grant funds are further defined below.

Technical Assistance Grant Program PDF

Category: Grants & Loans, Local Incentives

504 Corporation

In conjunction with the U.S. Small Business Administration (SBA), 504 Corporation finances business’ commercial real estate, equipment purchases, and refinances debt used to purchase real estate and equipment. The down payment is normally 10% with startup business and single purpose buildings required to pay 15%...

EPA Funding

The federal EPA has resources available for redevelopment, including a Cleanup Grant to assist with projects on identified brownfield sites. The city may be able to help pursue these funds based on a project meeting EPA’s program criteria.

HRA Community Development Revolving/Deferred Loans

The city’s Housing and Redevelopment Authority (RWHRA) has financing available to support the rehabilitation of commercial businesses in a target area, including downtown Red Wing. The maximum loan is $50,000 at a 0% interest rate with half provided as a deferred loan forgiven after ten years. Certain...

Minnesota Historical and Cultural Heritage Grants (“Legacy Grants”)

Legacy grants provide financial support for projects focused on preserving Minnesota’s history and culture. Redevelopment of certified historic buildings – both planning and construction – are qualified grant activities. Grants are only available to government units and non-profit organizations. The City of Red Wing can...

Minnesota Investment Fund (MIF)

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...

Minnesota Job Creation Fund

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...

Minnesota Reservist and Veteran Business Loan Program

The Minnesota Reservist and Veteran Business Loan Program provides business loans to companies that are affected when certain employees are called to active military duty and to individual veterans who have returned from active duty and want to start their own business.

MinnPACE

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...

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...

Public Relations Grant

The Public Relations Grant is eligible to a non-profit corporation or organization (e.g., charities, trusts and tax-exempt entities) or a unit of government or a public agency. See resources to the right to learn more.

SBA 504 Loans

The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.

SBIR-STTR Funding for High-Tech Companies

MNSBIR, Inc. is an independent, private, non-profit organization with its mission to assist startups and small businesses to secure non-dilutive funding from America’s Seed Fund – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. America’s Seed Fund awards funding to...

Sign Awning Facade Program

The Red Wing Port Authority is providing an incentive program to improve the signs, awnings and façades of commercial and industrial buildings throughout the City. By enhancing the appearance of buildings, the program serves to improve the economic viability of these areas. Better aesthetics increase...

Tax Increment Financing (TIF)

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...

West End District Business Assistance Programs

In 2021, the Red Wing Port Authority was given authority by the City Council to oversee a redevelopment planning effort that includes a targeted area in and around the former Bauer Built property on Old West Main Street. In order to incentivize future redevelopment projects...