Incentives are available for shovel-ready sites in Minnesota

Incentives are available for shovel-ready sites in Minnesota Main Photo

11 Mar 2024

The Minnesota state government offers capital incentives for new and expanding businesses that develop in shovel-ready sites in Minnesota. There are several development sites in Great River Energy’s territory that can qualify for these incentives.

It Pays to Build In A Shovel-Ready Site in Minnesota 

Businesses that create and maintain at least ten new permanent full-time employees may benefit from the Minnesota Job Creation Fund. This tax incentive rewards up to $1 million dollars to companies that retain well-paid employees within two years of the company’s application to the program. Awards for job creation or construction and other real property improvements can reach $2 million in credits (learn more about this incentive here).

Take advantage of this and other incentives when growing a business. Visit Great River Energy’s available land and buildings page to review shovel ready-sites in Minnesota. After finding a suitable site, contact GRE to take advantage of these excellent economic incentives.