Border-Cities Enterprise Zone Program - Annual Program Summary
Purpose
This program provides business tax 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, and Ortonville.
Customers and Services
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) are allocated by the State of Minnesota to Enterprise Zone cities.
Eligible applicants are businesses locating or existing in the Border-Cities Enterprise Zone cities, excluding: recreation or entertainment facilities, those owned by fraternal or veteran's organizations, those owned by public utilities, those used in operation of financial institutions, or those owned by retail food or beverage service businesses operating under franchise agreements requiring the businesses to be located in the state.
Measures - Reporting period is calendar year (CY), January 1 - December 31(program was created in 1984)
Cumulative through CY 2005 |
CY 2006 |
|
| Number of jobs created | 1,837 |
108 |
| Number of jobs retained | 69,658 |
3,274 |
Funding Source and Allocation
Funding of $1.5M for the biennium is from state sources.
Statutory Authority
-- Minnesota Statutes, Chapter 469.166
Contact Information
Kristin Lukes, Director
Phone: 651.259.7449 or toll-free: 800.657.3858; TTY: 651.296.3900
E-mail: Kristin.Lukes@state.mn.us
Website: www.deed.state.mn.us/bizdev/bcez/
This information current as of January 2008. For more information on DEED programs, see the State of Minnesota budget pages.