Financial Resources

The city of Fridley offers a variety of financing options for projects that keep development in our city vibrant and growing. These resources are administered by both the city and our partners:

Click here for a printable version of these financial resources and incentives

Financial Resources and Incentives for Fridley Businesses

Fridley Business Loan Land, building, machinery, equipment (no working capital) Timothy Walker, CMDC

Tax Increment Financing/
Tax Rebate Financing
Significant commercial/industrial development Paul Bolin, City of Fridley HRA: 763-572-3591

CMDC Initiative Fund Land, building, machinery, equipment Timothy Walker, CMDC:

MCCD Small Business Loan Program Real estate, fixed assets, inventory and working capital Carrie Mikkonen, MCCD763-438-7315

CEE Energy Efficiency Loans Lighting, HVAC equipment, refrigeration equipment, insulation, doors and windows Jim Hasnik, CEE:

Minnesota Investment Fund Loans for real estate and fixed assets for manufacturing and technology-related industries Paul Bolin, City of Fridley HRA: 763-572-3591

State of Minnesota 
Job Creation Fund
Rebate for job creation Paul Bolin, City of Fridley HRA: 763-572-3591

Metropolitan Council Livable Communities Grants Grants for land assembly and public infrastructure that maximize benefits of regional infrastructure Paul Bolin, City of Fridley HRA: 763-572-3591

Metropolitan Council Tax Base Revitalization Account Environmental assessment and cleanup for residential, commercial or industrial development Paul Bolin, City of Fridley HRA: 763-572-3591

State of Minnesota Redevelopment Grants Grants supporting real estate redevelopment Paul Bolin, City of Fridley HRA: 763-572-3591

Tax Increment Finance Application

Tax increment financing (TIF) is a tool used by cities to finance certain types of real estate development costs. The primary purpose of TIF is to attract private investment that will: 1) redevelop blighted areas, 2) provide housing for low- and moderate-income individuals and families or 3) result in increased employment opportunities and tax base.

Developers may request TIF assistance from the Fridley Housing and Redevelopment Authority (HRA). A $7,500 fee is due at the time of application. This fee will be used to establish an initial Preliminary Planning Fund budget to analyze the request.

To discuss your project and potential TIF application contact the Fridley HRA or download a fillable application for TIF assistance.