Business Innovation Grant
Program Guidelines
This program has been designed to assist businesses in Renville County with business development and growth opportunities.
GRANT AMOUNT:
| - The maximum grant amount is $3,000. |
ELIGIBLE USES:
| - Equipment purchases or upgrades |
| - Capital improvements |
| - Purchase, construction, renovation, or expansion of buildings |
| - Development or promotion of new product lines |
| - Commercial blight |
| - Professional development or employee training (tuition only) |
| - Information Technology upgrades |
CRITERIA:
| - A minimum of a 1:1 contribution match from the business and/or other funds is required |
| - Must be a specific project with potential to create/retain jobs or increase revenues of local businesses |
| - Application must be submitted to the EDA prior to project completion |
| - Businesses will be required to expend at least twice the amount of the grant award in reimbursable costs |
2021 grant applications are due by January 1, April 1, July 1 and October 1.
UPDATE GUIDELINES AND APPLICATION FOR THE OCTOBER ROUND WILL BE UPLOADED SOON.
Click here to download the Business Innovation Grant application.
Business Innovation Grant full guidelines available here.
Questions? Contact the EDA office at 320-523-3656 or grants@renvillecountymn.com.