Financing Solutions

Maplewood's Economic Development Authority (EDA) promotes and facilitates economic development within the city. Whether a company is looking to expand, get established, or navigate challenges, Maplewood connects businesses with a range of resources to support their vision and goals.

Tax Increment Financing - Tax increment financing (TIF) is a planning and financing tool used by local governments since 1973. Created by the Minnesota Legislature to replace federal urban renewal programs from the 1960s, TIF supports local development efforts. For more information about TIF, contact the city at 651-249-2300.

The Salt Cure Restaurant Recovery Fund - The Salt Cure Restaurant Recovery Fund is an emergency relief program created to help restaurants in the seven-county Twin Cities metro area struggling financially due to recent economic disruptions, including reduced customer traffic and operational challenges. It’s organized by local restaurant advocates and industry partners and administered through the Minneapolis Foundation, a nonprofit that manages charitable funds.

Minneapolis Foundation Economic Response Fund - A short-term grant program by the Minneapolis Foundation providing emergency relief to Minnesota small businesses facing financial challenges due to recent operational disruptions, including revenue loss, workforce issues, or temporary closures.

Constellation Fund: Immediate Response Fund - The Constellation Fund’s Immediate Response Fund provides funds in $50,000 increments to carefully selected organizations in their portfolio - high-impact nonprofits already embedded in affected neighborhoods with the relationships and infrastructure to respond effectively.

Ramsey County Open to Business Program - Open to Business is a partnership between Ramsey County and the Metropolitan Consortium of Community Developers (MCCD) and provides direct technical assistance and other forms of support to small business owners and entrepreneurs at no cost. All current business owners and aspiring entrepreneurs intending to establish, purchase, or improve a business within the county are eligible and encouraged to participate.

Ramsey County Emerging Entrepreneur Loan Program - This program supports the growth of businesses owned and operated by minorities, low-income persons, women, veterans, and/or persons with disabilities. 

Minnesota Department of Employment and Economic Development (DEED) - DEED funds certified nonprofit partners to provide loans to businesses across Minnesota. The program promotes private investment, supports job creation for minority and low-income individuals, strengthens minority-owned businesses, and advances economic development in low-income communities. Eligibility is limited, and businesses must meet specific job creation and wage requirements to qualify.