Border Cities Enterprise Zone Program

Purpose
This program provides business tax credits to qualifying businesses that are the source of investment, development, and job creation or retention in the Border Cities Enterprise Zone cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, and Ortonville.

Customers and Services
Tax credits (property tax credits, debt financing credit on new construction, sales tax credit on construction equipment and materials, and new or existing employee credits) are allocated by the State of Minnesota to Enterprise Zone cities.

Eligible applicants are businesses locating or existing in the Border Cities Enterprise Zone cities, excluding: recreation or entertainment facilities, those owned by fraternal or veterans’ organizations, those owned by public utilities, those used in operation of financial institutions, or those owned by retail food or beverage service businesses operating under franchise agreements requiring the businesses to be located in the state.

Cities participating in this program may elect to use some of their available tax credits as an incentive for investing in innovative businesses under the SEED Capital Investment Credit Program; there has been no activity to date in that program.

Measures - Reporting period is calendar year (CY), January 1 - December 31*

*Local Enterprise Zone coordinators report to DEED annually in April for the preceding calendar year.

More DEED measures: Uniform Program Accountability Measures

Funding Source and Expenditure (in thousands) 

Statutory Authority
-- Minn. Stat., Chap. 469.166

Contact Information
Samantha DiMaggio, Senior Loan Officer
Phone: 651.259.7426 or toll-free: 800.657.3858; TTY: 651.296.3900

This information current as of December 2011.