• Have its principal office and a majority of its business activity, or a significant operation, in a border city • Have Minnesota residents as a majority of its employees at its principal office • Rely on innovation, research, or the development of new products and processes for its growth and profitability • Use the investment for plant, equipment, research and development, marketing and sales activity, or working capital. Data Center Sales Tax Exemptions datacenter.deed@state.mn.us A qualified data center, qualified large-scale data center, or qualified refurbished data center may claim the exemptions for purchases made within 35 years of the date of its first purchase qualifying for the exemption. Eligibility • Companies that build data or network operation centers of at least 25,000 square feet and invest at least $30 million within 48 months • Companies that substantially refurbish data or network operation centers of at least 25,000 square feet and invest at least $50 million within 24 months • Companies that build or substantially refurbish data or network operation centers of at least 25,000 square feet and invest at least $250,000,000 within 60 months
SBIR/STTR America’s Seed Fund: SBIR/STTR Programs
America’s Seed Fund is one of the largest sources of early-stage capital for technology commercialization in the United States. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs involve multiple federal agencies, each with unique funding priorities and application processes. These programs enable US-owned and operated small businesses to conduct research and development that has a strong potential for commercialization. MNSBIR, Inc. is dedicated to advancing scientific excellence and technological innovation to bolster Minnesota’s economy while fostering opportunities for all. We achieve this by securing federal research and development funding to stimulate the creation of new products, services, and solutions in the private sector. We assist startups and small businesses in Minnesota to access non-dilutive funding from programs like the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR), as well as other federal funding opportunities.
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