The SEED Capital Investment Program provides tax incentives for investing in innovative business located in the Minnesota border cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, and Ortonville.
Investors may receive a 45 percent tax credit on their investment, up to $112,500 per year. The credit is non-refundable and may be carried forward up to four years.
To be eligible, a company must:
How to Apply
Businesses seeking certification as a qualifying business should complete the SEED Certification Application.
How the Program Works
Each border city determines the amount it has available for enterprise zone tax reductions and confirms that amount with Department of Employment and Economic Development. Then each city allocates a portion of that amount to the SEED Capital Investment Credit and annually notifies DEED of the allocated amount.
When a business applies to DEED for certification as a qualified business, here is the process that follows:
SEED Capital Investment Credit Program Questions? Email Stephen.Wolff@state.mn.us at 651-259-7415.
Tax Credits Questions? Contact the Minnesota Department of Revenue at 800.652.9094.
Local SEED Contacts
|City of Moorhead||Amy Thorpefirstname.lastname@example.org|
|Ortonville EDA||Vicki Oakesemail@example.com|