Economic Development Financing Tools & Incentives

Business Assistance/Resources

Belle Plaine provides several financial programs to assist local businesses. This decision chain (PNG) may help determine what form of business assistance may be a fit. 

Downtown Construction Sign and Market Asset Grant (Limited Resource)

The City Council/EDA have authorized the 2023 Downtown Construction Commercial Sign and Marketing Asset Grant Program.  Grants of up to $400.00 per business are being made available to secure construction signage and tangible marketing assets. Property and business owners can submit an application (pdf) at any time.  Grants will be awarded through a first come, first served application process. The grant will increase visibility of merchants during construction and support activities to capitalize on the beneficial improvements upon project completion.   

ROSE Facade Grant (Forgivable Loan)

Revolving Loan Fund (Federal Funded)

This low interest loan (RLF) assists new and existing businesses with most activities, except working capital. Download the Revolving Loan Fund Policy and Application (PDF) or contact Cynthia Smith Strack for more information.

Revolving Loan Fund (City Funded)

This low interest loan (RLF) assists new and existing businesses with most activities, except working capital. Download the City-Funded Revolving Loan Fund Policy and Application (PDF) or contact Cynthia Smith Strack for more information.

Tax Increment Financing or Tax Abatement

The City of Belle Plaine will also consider tax abatement or tax increment financing for larger project requests. Please contact Cynthia Smith Strack for more information. View basics in this presentation to City (PDF). TIF and abatement is addressed in the City's Business Subsidy Policy (PDF).

Other Entities

  • DEED - The Department of Employment and Economic Development provides significant support and resources for businesses and training grant programs.
  • Minnesota RETAP - The Minnesota Retiree Environmental Technical Assistance Program employs skilled, retired professionals to provide facility assessments and community sustainability assistance to small businesses, institutions, and communities in Minnesota.
  • XCEL Energy - XCEL Energy business programs and rebates help owners and operators save energy and money at their facilities. Information on equipment rebates, energy audits and studies, and energy efficiency for new and improved facilities.
  • MVEC Business Efficiency Rebates - MVEC offers business customers rebates and access strategies for creating efficiencies within their facilities.