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Available Funding & Financing

Businesses considering an expansion, relocation, or startup in Northfield have a wide array of possible financing options. From local tax incentives and EDA grants and loans to private and public financing programs, many financing opportunities are available.

If you have any questions about where to start, we are here to help – get in touch with us to discuss which financing options might be right for you.

Northfield Business Subsidy Policy


The City of Northfield and Economic Development Authority abide by the City's Business Subsidy Policy when considering subsidies for businesses. Click here to view the current policy amended December 5, 2017.  
Local Tax Incentives
Learn about the tax incentives available from the City of Northfield, including tax abatement and tax increment financing.

Get Tax Incentives
EDA Grants & Loans
The City of Northfield EDA administers several grant and loan programs, some of which may be combined or used for gap financing. Learn about the qualifications of each and download applications.

Apply Today
Private Financing
If you are looking for flexible solutions for your project including business consulting, energy conservation, and loan products, check out our recommended resources for private financing.

See Recommendations
Public Financing
There are several options for financing from Rice and Dakota counties as well as the State of Minnesota.

Learn More