Saint Paul's Business Financial Assistance Programs
Sales Tax Revitalization (STAR) Programs
Awards grants and loans for capital improvement projects within the City of Saint Paul. For-profit or nonprofit entities are welcome to apply for funding through the annual competitive application process. Awards typically range from $5,000 to $200,000.
Promotes economic growth by supporting the arts and cultural sector. Nonprofit arts and cultural organizations, along with businesses located within the city’s cultural district, are eligible to apply for grants and/or loans during one of the two funding cycles offered each year. Awards typically range from $5,000 to $50,000.
State and Regional Grants
Each year the City of Saint Paul sponsors applications for State and Metropolitan Council grants and passes the funding through to private parties to complete the project. These grants can fund brownfields investigation and cleanup, transit-oriented development, design and development and nonprofit and housing projects.
Strategic Investment Fund
Provides forgivable loans to help businesses relocating to Saint Paul. The loan amount awarded is determined by the number of jobs and can be forgiven if job goals are met.
2% Loan Program
In partnership with local banks, the City provides 2% fixed-rate loans of up to $25,000 to assist neighborhood retail, service and light manufacturing businesses.
Commercial Vacant Building Program
Designed to bring vacant commercial buildings into productive reuse, the program provides businesses and property owners with loans of up to $25,000.
The City of Saint Paul has other resources to provide gap financing for a variety of development or redevelopment projects including Community Development Block Grants (CDBG), Tax Increment Financing (TIF), bonds and other sources.