Business
Subsidy Policy
Business
Subsidy Application (Applies to all Programs)
Jobz Program Zones
The
Jobz Opportunity Building Zones were put in place to assist the county to
stimulate economic development. This is done by providing local and state tax exemption to manufacturing
companies willing to locate in one of the counties industrial parks.
Companies that qualify will be exempted from corporate franchise tax;
income tax for operators or investors; sales tax on goods and services used in
the zone if the goods and services were purchased during the duration of the
zone; property tax on commercial and industrial improvements but not to land,
wind energy; production tax; and; employment tax credit for high paying jobs.
Tax Abatement Program
The Fillmore County EDA adopted a tax abatement policy to be used
as a tool for economic development throughout the county.
Tax abatement is when a taxing board (county, city, and school) grants a
taxpayer a stay of paying a tax for a short or long term, for a total or
percentage of the tax. Tax Abatement
Assistance will only be used when the abatement of taxes would be in the
demonstrated interest of the tax-paying public.
For information on criteria for tax abatement projects, contact Cris
Gastner at 507-765-3822 or by email at cgastner@co.fillmore.mn.us.
Tax
Increment Financing Programs
Tax
Increment Financing (TIF) is a redevelopment tool authorized by State statute
and used by cities and development authorities, such as the Fillmore County EDA,
to finance certain public redevelopment costs. Projects financed with TIF must
serve a public purpose such as redeveloping blighted areas, constructing low-
and moderate-income housing, providing employment opportunities, and improving
the tax base. For information on criteria for
Tax
Increment Financing, contact Cris Gastner at 507-765-3822 or by email at cgastner@co.fillmore.mn.us.
Loan
Programs
Local,
regional, state and federal agencies have several different loan/grant programs
to assist different types of business throughout the county.
For a list of available programs please contact the economic development
coordinator for Fillmore County. Or
click business assistance to learn more about them.
For
more information regarding the above programs contact Cris Gastner by phone at 507-765-3822 or email
cgastner@co.fillmore.mn.us.
Click
the link below view and print application.
Business
Subsidy Application (Applies to all Programs)
Business
Subsidy Policy
