Local Incentives

Incentives Directory



Reduced interest rate loans are available on a matching basis for business expansion projects. The loans are normally subordinated and the criteria adaptable (normally up to 33 percent of the...
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Category: Local

To encourage new development and growth, Fairmont is invested in helping property owners rid themselves of blighted buildings. Assuming interested parties take responsibility for 50 percent of the costs, the...
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The Fairmont area has a large number of successful individuals and companies that consider equity investment opportunities. The diversity and variation in the types of firms within the community makes...
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The Fairmont Economic Development Authority has acquired an industrial building for use as an industrial incubator. Over 12,000 square feet of space is available with loading docks, exterior truck access,...
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Fairmont’s full-service industrial park features 62-acres of available land; 17 acres of which is certified under Minnesota’s Shovel-Ready Certification Program. There are currently a number of options available for land...
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Established small businesses in Fairmont, as well as startups and recent transplants, are eligible for the EDA Microloan Program. Owners who want to improve their infrastructure can access up to...
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Tax increment financing programs are available for those businesses where physical expansion will result in a significant increase in normal property taxes. In the past, Fairmont had 21 active projects,...
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For prospective business tenants considering new construction, but looking to save money by not hiring a structural engineer, Fairmont has a virtual spec building designed and ready for construction. A...
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Category: Local