Financial Resources

The City of Coon Rapids offers a variety of financing options for projects that help achieve its development goals. These resources are administered by both the City and its economic development partners, including the Central Minnesota Development Company (CMDC), Metropolitan Consortium of Community Developers (MCCD), and Center for Energy and Environment (CEE).

View the printable list (PDF) of financial resources and incentives for Coon Rapids business.

Financial Resources and Incentives for Businesses

Program Name
 Use of Proceeds
 Contact
Coon Rapids Commercial/Industrial
Loan Fund
 Land, building, machinery, equipment (no working capital)
 Mike Mulrooney, CMDC,
(763) 784-3337
Coon Rapids
Commercial Fix-Up Fund
 Exterior building improvements and site improvements
 Mike Mulrooney, CMDC,
(763) 784-3337
Tax Increment
Financing/Tax Rebate Financing
 Significant commercial/industrial development
 Matt Brown, City of Coon Rapids,
(763) 767-6460
Industrial Revenue Bonds
 Significant industrial development
 Matt Brown, City of Coon Rapids,
(763) 767-6460
CMDC Initiative Fund
 Land, building, machinery, equipment
 Mike Mulrooney, CMDC,
(763) 784-3337
MCCD Small Business
Loan Program
 Real estate, fixed assets, inventory, and working capital
 Carrie Mikkonen, MCCD,
(763) 438-7315
Connexus Energy Rebates
 Energy efficiency assessments, lighting, HVAC, motors, drives, and compressors
 Bruce Sayler, Connexus Energy,
(763) 323-2685
Connexus Energy
Vacant Property Discounted Rate
 Reoccupy large, vacant buildings (20,000+ sq. ft.) with industrial businesses and data centers
 Bruce Sayler, Connexus Energy,
(763) 323-2685
CEE Energy
Efficiency Loans
 Lighting, HVAC equipment, refrigeration equipment, insulation, doors and windows
 Jim Hasnik, CEE,
(612) 335-5885
Minnesota Investment Fund
 Loans for real estate and fixed assets for manufacturing and technology-related industries
 Matt Brown, City of Coon Rapids,
(763) 767-6460
State of Minnesota
Job Creation Fund
 Rebate for job creation
 Matt Brown, City of Coon Rapids,
(763) 767-6460
Metropolitan Council
Livable Communities Demonstration Account Grants
 Grants for land assembly and public infrastructure that maximize benefits of regional infrastructure
 Matt Brown, City of Coon Rapids,
(763) 767-6460
Metropolitan Council
Tax Base Revitalization Account
 Environmental assessment and cleanup for residential, commercial, or industrial development
 Matt Brown, City of Coon Rapids,
(763) 767-6460
State of Minnesota
Redevelopment Grants
 Grants supporting real estate redevelopment
 Matt Brown, City of Coon Rapids,
(763) 767-6460