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Legislative News and Views - Rep. David Bly (DFL)

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Bly Encourages Businesses to Apply for Job Creation Fund Incentives

Tuesday, January 14, 2014

ST. PAUL, MN – State Representative David Bly (DFL – Northfield) is encouraging local businesses to apply for financial incentives offered through the Job Creation Fund, a new pay-for-performance business development initiative that will help create an estimated 5,000 new jobs statewide and attract another $450 million of private investment in Minnesota’s economy.  

“Creating good jobs that allow Minnesotans to provide for themselves and their families is my top priority,” said Bly. “Our economy made important progress in 2013 and the Job Creation Fund will help us build on that momentum in the year ahead.”

The Job Creation Fund is a key component of a comprehensive jobs bill approved by state lawmakers during the 2013 Legislative Session. It provides up to $1 million to businesses after they meet certain criteria, including minimum requirements for job creation and private investment. Under the program, businesses must create at least 10 full-time jobs and invest at least $500,000 in their own developments to be eligible for financial assistance.

The Department of Employment and Economic Development (DEED) is currently accepting Minnesota Job Creation Fund applications from businesses seeking financial assistance to expand or locate in Minnesota. Businesses engaged in manufacturing, warehousing, distribution, and technology may be eligible for assistance. Companies must work with the local government (city, county or township) where a project is located in order to be eligible for assistance.

More details about the Minnesota Job Creation Fund, including program requirements and application materials, are available here.