Business Innovation Grant

Renville County EDA’s Business Innovation Grant

This program has been designed to assist businesses in Renville County with business development and growth opportunities.

GRANT AMOUNT:

  • The maximum grant amount is $3,000.

ELIGIBLE USES:

  • Equipment purchases or upgrades
  • Capital improvements
  • Purchase, construction, renovation, or expansion of buildings
  • Development or promotion of new product lines
  • Commercial blight
  • Professional development or employee training (tuition only)
  • Information Technology upgrades

CRITERIA:

  • A minimum of a 1:1 contribution match from the business and/or other funds is required.
  • Must be a specific project that has the potential to create or retain jobs or be intended to increase the revenues of local businesses.
  • Application must be submitted to the EDA prior to project completion
  • Businesses will be required to expend at least twice the amount of the grant award in reimbursable costs

 


Access the Business Innovation Grant Application


 

Category: Business

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