•Be in operation for at least one year within a city, or a county if an agricultural processing facility, in Greater Minnesota, which generally excludes the seven-county metropolitan area (the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington). •Meet prevailing wage guidelines at the business facility if a construction or improvement project is undertaken and if the business is awarded a sales tax refund. See more about prevailing wage requirements. •Does not sell goods or services primarily to local markets; the program is for businesses with sales and customers primarily outside Minnesota (in economic development parlance, the business is in a "traded sector"). In addition, the business must not be engaged primarily in: Retail sales to purchasers physically present at the business' facility Serving as a public utility
Lobbying Gambling Entertainment
Professional sports Political consulting Leisure Hospitality Professional services provided by attorneys, accountants, business consultants, physicians, or health care consultants • Border Cities Enterprise Zone Program: Program provides business tax credits (property tax credits, debt financing credit on new construction, sales tax credit on construction equipment and materials, and new or existing employee credits) to qualifying businesses that are the source of investment, development, and job creation or retention in the Border-Cities Enterprise Zone cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, Ortonville, and the Development Zone of Taylors Falls. Businesses locating or existing in those cities are eligible, excluding a recreation or entertainment facility, one owned by a fraternal or veteran's organization, one owned by a public utility, one used in operation of a financial institution, or one owned by a retail food or beverage service business operating under a franchise agreement requiring the business to be located in the state. (Minn. Stat. § 469.166) • Data Center Sales Tax Incentives: Companies that build data or network operation centers of at least 25,000 square feet and invest at least $30 million within 48 months may qualify for tax breaks. Qualifying projects receive sales tax exemptions for up to 20 years on: Computers and servers Cooling and energy equipment
223
Made with FlippingBook - Online Brochure Maker