Overview
The City of Waconia has established policy and guidelines setting forth criteria regarding the use of municipal subsidies, such as tax increment financing (TIF), tax abatement, and other business subsidies for private development projects within the city. Review the
Municipal Subsidy Policy (PDF) and
Application Materials (PDF).
The City of Waconia offers a Revolving Loan Fund Program where business owners can apply for up to $149,999. Interest is fixed for the loan term. Review the
Waconia Revolving Loan Fund Program (PDF) and
Application Materials (PDF). Repayment of your business loan is easy with
Direct Pay (PDF).
The State of Minnesota offers the Minnesota Investment Fund for businesses acquiring "fixed assets" (such as equipment, buildings, and land) and adding new workers as a result. The
Minnesota Investment Fund program offers companies below-market financing. Virtually all types of businesses are eligible, excluding retail enterprises.