The Minnesota 21st Century Fund makes loans or equity investments in innovative mineral, steel, or other industry processing, production, manufacturing, or technology projects located in the taconite relief tax area. The fund may also make grants to municipalities or counties for public infrastructure to support such projects.
Loans or equity investments from the fund require matching investments from facility owners. For facilities located in the state's taconite tax relief area, the Iron Range Resources and Rehabilitation board may match the fund's investment.
Read the statute - Minn. Stat. 116J.423.
Contact Muhubo Malin at 651-259-7426 or email muhubo.malin@state.mn.us.
