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CHAPTER 15 <br />C. Enterprise Minnesota <br />Minn. Stat. ch. 1160. Enterprise Minnesota is a nonprofit business consulting organization, set up <br />by the Legislature that helps small and. medium-sized. manu.facturing <br />companies, education services and. government entities in Minnesota. <br />Enterprise Minnesota operates as a fee-for-services 501 (c) (3) nonprofit. <br />Enterprise Minnesota 612-373- Enterprise Minnesota focuses on applied. research and. technology transfer <br />2900 or 800-325-3073. and. early stage funding. It may provide financial assistance, inclu.d.ing loan <br />Minn. St at. § 1160.061. <br />guarantees, direct loans, interest subsidies, or equity investments, to sole <br />proprietorships, corporations, other entities, nonprofit organizations, or joint <br />ventures. Financial assistance inclu.des but is not limited. to assisting a <br />qualified. company or organization with business services and. products that <br />will enhance the operations of the entity. <br />R E,-commerce rea dy citiel <br />Minn. Stat. § 116J.037. As a tangential aid. to encouraging development, the Department of <br />DEED (651) 297-1291 or (800) Employment and. Economic Development may designate cities that meet <br />657-3858. certain criteria as e-commerce ready. <br />VE Federal deiveil�opmeint tool�s <br />A. Community development block grants <br />More infoniiation is available on The Community Development Block Grant (CD,BG) program, under the <br />the HtJD web site. U.S. Department of Hou.sing and. Urban Development (HUD,), provides <br />cities with federal funding to initiate and. continue a diverse array of hou.sing <br />and. community development prQj'ects. <br />For more infoni'iation,, contact <br />El 0 Corporations <br />Minn. Stat. § 465.717. <br />Cities must not create nonprofit corporations unless authorized. to do so by <br />Minn. Stat. § 471.59 <br />special legislation. The law allows incorporation of a joint powers entity, but <br />LMCIT risk infoni'lation memo,, <br />these must comply with all applicable public sector laws (open meeting, gift <br />Liability Coi,�eragejbr Joh7t <br />law, conflicts of interest, competitive bid.d.ing, etc.) and. must be separately <br />Po we rs Agreeinei7ts. <br />insured.. <br />VE Federal deiveil�opmeint tool�s <br />A. Community development block grants <br />More infoniiation is available on The Community Development Block Grant (CD,BG) program, under the <br />the HtJD web site. U.S. Department of Hou.sing and. Urban Development (HUD,), provides <br />cities with federal funding to initiate and. continue a diverse array of hou.sing <br />and. community development prQj'ects. <br />For more infoni'iation,, contact <br />A variety of grants and. loans to encourage economic development are <br />Rural Development State Office <br />410 Farm Credit Service Building <br />available to cities from the U. S. Department of Agriculture, rural <br />375 Jackson Street St. Paint, MN <br />development program. Sewer, water, rural enterprise, hou.sing, and. other <br />55101-1853, (651) 602-7800. See <br />types of grants and. loans are available. <br />also,, Handbook, Chapter 25. <br />15:20 LEAGUE OF MINNESOTA CITIES <br />This chapter last revised 12/2010 <br />