EDA Grants & Loans

Programs to help you meet your needs

Whether you are an emerging business looking for help getting started or a larger entity looking for gap financing, the City of Northfield's programs can help meet your needs.

If you have any questions about the grant and loan program, please contact our staff, and we will be happy to walk you through the options and connect you with many other financing opportunities.

View financing opportunities


CARES Act funding

Businesses and nonprofits looking for financial relief due to COVID-19 can apply for CARES Act funding through the City of Northfield.

Coronavirus Aid, Relief, and Economic Security (CARES) Act provides for payments to state, local and tribal governments navigating the impact of the COVID-19 outbreak. The City of Northfield received approximately $1.5 million through the federal CARES Act. The Northfield City Council is allocating $300,000 in grants for businesses and $200,000 in grants for nonprofits.

See details on CARES Act funding

E-Commerce Grant Program

The Northfield Economic Development Authority (EDA) approved a $15,000 grant program for restaurants, eateries and retail shops in Northfield to help them build their online commerce presence.

Businesses with 20 or fewer full-time equivalent employees are eligible to receive a grant for 50% of costs associated with e-commerce investment up to $1,500.

The business must have been operational since January 1, 2020 and their business address must be within the Northfield city limits.

This is a first-come, first-served reimbursement program.

Applications will be accepted between June 1 and June 30, 2020.

Download E-Commerce Grant Program Application (PDF)

Download E-Commerce Grant Program Application (Spanish) (PDF)

Facade Improvement Program

The EDA approved $20,000 per year for next three years to pilot a Facade Improvement Program. This program is designed to encourage downtown building owners to reinvest in the exterior of their buildings to extend the life of these important structures. 

This will be a reimbursement-grant program. The EDA will match private investment one-to-one up to $10,000.

Applications will be accepted between February 1 and March 15, 2021.

Download Facade Improvement Program criteria (PDF)

Download Facade Improvement Grant Application (PDF)

Clement F. Shearer Micro-Grant Program

The micro-grant program is part of the EDA’s progressive business support program. It is designed to strengthen emerging businesses and position them for future growth by helping them take a significant step in developing their technical, management, or marketing capabilities. The maximum micro-grant award is $5,000.

Micro-grant funds can be used for a wide variety of purposes including, but not limited to:

  • Leasehold improvements
  • Gap financing
  • Working capital

Download Clement F. Shearer Micro-Grant Program application

Northfield Revolving Loan Fund Program

The Northfield Revolving Loan Fund Program (RLF) provides low interest loans for businesses either located in, or relocating to, the City of Northfield. The purpose of this fund is to:

  • Provide gap financing to supplement conventional bank loans for new and existing business expansion
  • Retain and/or create jobs
  • Expand the local tax base
  • Encourage new business investment in the community

Download Northfield Revolving Loan Fund Program application