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.
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.