A Guide To STARTING A BUSINESS IN MINNESOTA 42nd Ed 2024

• Will add at least two employees or 10 percent of current staff, whichever is greater, within three years • Meet industry eligibility including not being engaged in retail, gambling, entertainment, among many other industries

Border-Cities Enterprise Zone Program 651-259-7415 800-657-3858

This program provides business tax credits to qualifying businesses that are the source of investment and job creation or retention in the cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, Ortonville, and Taylors Falls. Tax benefits include property tax credits, debt financing credit on new construction, sales tax credit on construction equipment and materials, and new or existing employee credits. Eligibility Businesses locating or existing in those cities are eligible, unless they are: • Recreation or entertainment facilities • Owned by a fraternal or veteran’s organization • Owned by a public utility • Used in operation of a financial institution • Owned by a retail food or beverage service business • Operating under a franchise agreement requiring the business to be located in the state Data Center Sales Tax Incentives 651-259-7415 Companies that build data or network operation centers in Minnesota may receive sales tax exemptions for 20 years on: • Enterprise information technology equipment • Software • Electricity used to operate or maintain a qualified data center Eligibility Companies that build data or network operation centers of at least 25,000 square feet and invest $30 million in the first four years, as well as companies that refurbish a data or network operations center of at least 25,000 square feet and invest $50 million in the first two years. To become a designated data center and receive the sales tax exemptions, companies must first be certified to participate in the program.

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