Minnesota Data and Stories

State Fact Sheet

Map of Selected Projects in Minnesota

Community Testimonials

Our restaurant, which employs more than two dozen people, could not have opened without NMTC. We needed the long runway to establish our business in what is a very tough industry. We encourage the extension of this program.

-Jorg Pierach, Herbst Eatery & St. Paul

Selected Projects in Minnesota

Navy Island Inc.

West Saint Paul,
MN
(2019)

Business Development, Manufacturing

CDE(s): University Financial Corp.

Navy Island constructed a 92,000 sq. ft manufacturing facility and upgraded its woodworking equipment.

Greater Metropolitan Housing Corporation

Saint Paul,
MN
(2019)

Community, Housing

CDE(s): Habitat for Humanity

10 affordable homes created through the Greater Metropolitan Housing Corporation

Washburn Center For Children

Minneapolis,
MN
(2019)

Behavioral Health, Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): Capital City Properties, United Fund Advisors, USBCDE

New facility to serve the Twin Cities area as a center of excellence in children’s mental health.

Boys and Girls Club of Detroit Lakes

Detroit Lakes,
MN
(2018)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Rural, Youth and Families, Youth Program

CDE(s): Bremer CDE

A new facility for a Boys and Girls Club.

Aura Fabricators

Fergus Falls,
MN
(2018)

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): Midwest Minnesota CDC

Provision of a $1,865,000 loan for a metal fabrication company in Fergus Falls, MN.

Red Lake Trading Post

Red Lake,
MN
(2018)

Grocery and Fresh Food, Restaurants and Catering, Retail and Commercial, Rural, Targeted Populations

CDE(s): Travois

Red Lake Retail, are building a new grocery store to better serve the Red Lake Reservation and surrounding community.

Junior Achievement of the Upper Midwest

Saint Paul,
MN
(2018)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Consortium America, University Financial Corp., USBCDE

The construction of 58,000 sq. ft. learning facility in the Midway Neighborhood of Saint Paul, MN.

University Enterprise Laboratories, Inc.

Saint Paul,
MN
(2018)

Adult Education, College or Vocational Training, Community, Incubator, Manufacturing

CDE(s): University Financial Corp.

UEL provides wet labs, office space, and innovation/collaboration spaces, and expanding their current facility.

Crescent Cove

Minneapolis,
MN
(2018)

Community, Healthcare

CDE(s): University Financial Corp.

Financing for a nonprofit that offers care and support to children and young adults with a shortened life-expectancy, and to their families who love them

Hiawatha Academies

Minneapolis,
MN
(2017)

Community, Schools

CDE(s): Partners for the Common Good, University Financial Corp.

Through New Market Tax Credits, Sunrise provided financing for Hiawatha Collegiate High School’s new location, which was at the former Shasta bottling plant at 3500 E.

Catholic Charities’ St. Paul Opportunity Center

Saint Paul,
MN
(2017)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Dental Services, FQHCs, Healthcare, Shelters and Community Food, Youth and Families

CDE(s): BMO Harris, Corporation for Supportive Housing

NMTC financing supported the construction of a new 60,900 sq. ft. service center targeted to very low-income and homeless individuals co-located with housing designed to transition people from homelessness to

Northern Star Council

Saint Paul,
MN
(2017)

Recreation, Youth and Families

CDE(s): Chase, University Financial Corp.

Owned and operated by Northern Star Council, Basecamp's mission is to serve all youth through field trips, lock-ins, retreats, summer camps, private parties, and community group activities.

Site visits and recent news related to Minnesota NMTC Projects

NMTC financed V3 Sports to celebrate grand opening in north Minneapolis

June 21, 2024

Historic Coliseum Building reopens after four-year restoration

June 19, 2024

Make the New Markets Tax Credit permanent

June 10, 2024