CITY OF SAINT PAUL FUNDING & TECHNICAL RESOURCES FOR BUSINESSES

CITY OF SAINT PAUL FUNDING & TECHNICAL RESOURCES FOR BUSINESSES PROGRAM DESCRIPTION ELIGIBILITY CONTACT City of Saint Paul Community Development Block Grant (CDBG) Capital Improvement Program Budget (CIB) City Wide Economic Development Tool Received from the US Department of Houing and Urban Development (HUD). Include homeowner rehab, multi-unit houing, ingle family development, property acquiition and buine aitance. The City of Saint Paul Department of Planning and Economic Development (PED) provide gap financing to buinee that cannot ecure ufficient conventional private or non-profit financing, but can demontrate a capacity to repay loan. The program i intended to enhance the ability of private lender to finance mall buinee and emerging entrepreneur. Eligible Ue: for the development of a viable urban community, by providing decent houing and uitable living environment and expanded economic opportunitie, principally for peron of low and moderate income. Can be ued for purchae of real etate or equipment, rehabilitation, new contruction, tenant improvement, for new and growing forprofit and non-profit buinee located in or moving to Saint Paul. Ellen Muller Ph: (651) 266-6605 Ellen.muller@ci.tpaul.mn.u http://mntpaul.civicplu.com/index.ap? NID=1481 Commercial Vacant Building Program 2% Revolving Loan Program In addition to the CDBG/CIB funding, the City of Saint Paul offer loan for the following: The purpoe of thi program i to bring vacant commercial building back into reue (vacant 6 month or more), upporting neighborhood revitalization. The purpoe of thi program i to provide aitance to neighborhood retail, ervice and light manufacturing buinee and i deigned to upgrade appearance, tructural condition, operating efficiency. Ue of thee fund include acquiition, demo, fixture, fixed equipment, rehab, leaehold improvement, utility relocation, contruction, oft cot directly related to the project, and graduated rent ubidie. Fund will be provided to real etate tax paying entitie or individual for acquiring and/or improving commercial real etate. Fixed Ue: Exterior improvement, façade, rehab, maonry, ignage, parking lot, lot lighting, landcaping, urfacing, handicap acce, treetcape not covered by aement, etc. Interior: all fixed improvement, equipment that increae productivity of buine, replacement of equipment if it increae job. Soft Cot including deign plan and etimate, permit, energy audit & conervation not offered free of charge. Ellen Muller Ph: (651) 266-6605 Ellen.muller@ci.tpaul.mn.u http://mntpaul.civicplu.com/index.ap? NID=1481

City of Saint Paul Cultural STAR City of Saint Paul Neighborhood STAR City of Saint Paul Invet Saint Paul Fund (ISP) Commercial Corridor The Cultural STAR Program wa created to promote economic growth in Saint Paul by trengthening the art and cultural ector and by upporting Downtown a a vital cultural center. The Saint Paul City Council ha deignated ten percent of the total tax revenue from thi program to grant and loan for cultural project. Neighborhood STAR Program award loan & grant for capital improvement project in Saint Paul Neighborhood, and i funded with 50% of the ale tax proceed. Of that 50%, program allocation goal are ixty percent for loan and forty percent for grant. Fund are awarded annually through a eparate competitive application procee. ISP fund deigned for ISP Commercial Corridor & Stabilizing Neighborhood. Funded from Taxable Bond. At leat eighty percent of Cultural STAR fund will be inveted in project located within the targeted area known a the Cultural Ditrict. The remaining fund may be allocated toward project outide the Cultural Ditrict within the legal limit of the City of Saint Paul. The Cultural Ditrict i defined a the geographic area bordered by Intertate 94 to the North, the Lafayette Bridge to the Eat, the Miiippi river to the South, and Chetnut Road to the Wet. Propoal mut be neighborhood-baed project deigned with neighborhood repreentation to trengthen Saint Paul neighborhood and addre perceived and actual problem, need and opportunitie. Propoal can be a project, program, or trategy that reult in capital improvement in Saint Paul. Innovative propoal are encouraged, and thee propoal may be generated by neighborhood and civic leader, organization, and buinee. Amy Filice Ph: (651) 266-6568 Amy.filice@ci.tpaul.mn.u CulturalSTAR@ci.tpaul.mn.u http://mntpaul.civicplu.com/index.ap? NID=1166 Michele Swanon Ph: (651) 266-STAR Michele.wanon@ci.tpaul.mn. u http://mntpaul.civicplu.com/index.ap? NID=1162 Martin Schieckel Ph: (651) 266-6580 Martin.Schieckel@ci.tpaul.mn.u City of Saint Paul TIF Tax Increment Financing Saint Paul HRA Conduit Revenue Bond Saint Paul HRA Recovery Zone Bond Thi mechanim of financing capture the future tax benefit of real etate improvement, in order to pay for the preent cot of uch improvement in area of development that otherwie would not occur. The Saint Paul Houing and Redevelopment Authority iue tax-exempt conduit revenue bond for not-for-profit organization capital improvement project. The Saint Paul Houing and Redevelopment Authority iue tax-exempt conduit revenue bond for a private party previouly done on a taxable bai. Governed by tate tatue. Through HRA iuance of the tax-exempt bond, not-for-profit intitution can achieve below-market interet rate. Eligible buinee mut be located in the deignated Recovery Zone. Martin Schieckel Ph: (651) 266-6580 Martin.Schieckel@ci.tpaul.mn.u Martin Schieckel Ph: (651) 266-6580 Martin.Schieckel@ci.tpaul.mn.u http://www.ci.tpaul.mn.u/index.ap?nid=1265 Martin Schieckel Ph: (651) 266-6580 Martin.Schieckel@ci.tpaul.mn.u

City of Saint Paul SIF - Strategic Invetment Fund Planning and Economic Development (PED), provide financing to help buinee relocate to Saint Paul helping expand the City economy and grow it tax bae. Eligible buinee are evaluated according to hitorical performance, current ditance from Saint Paul, wage and alarie of employee, growth potential, the amount of revenue generated outide the Twin Citie market area, and whether the Saint Paul location will be their corporate headquarter. The total core determine the potential amount of incentive financing available for each full time equivalent employee the company agree to employ in Saint Paul. Loan can be forgiven if employment and tranit invetment goal are met. Eligible Recipient: Buinee with three year of demontrated profitability, currently located outide of the City, who eek to contruct, purchae, or leae commercial or indutrial pace in Saint Paul and be willing to participate in the Metropa program to encourage tranit ue. Eligible Ue: Fund may be ued for capital expene, leaehold improvement, equipment or other renovation cot, parking and tranit. Ellen Muller Ph: (651) 266-6605 Ellen.muller@ci.tpaul.mn.u Martin Schieckel Ph: (651)266-6580 Martin.chieckel@ci.tpaul.mn.u http://www.ci.tpaul.mn.u/index.ap?nid=1260 Firt Children' Finance Child care and early education buinee in home, chool, and center in multiple tate. Loan between $1,000 to $125,000 in Multiple tate, including Minneota Jim Dickinon, Loan Fund Director (612) 279-6507 jim@firtchildrenfinance.org 212 Third Ave N Suite 310 Minneapoli MN 55401 Minneota Department of Employment and Economic Development (DEED) Minneota Invetment Fund The Minneota Invetment Fund provide grant to help add new worker and retain high-quality job on a tatewide bai. The focu i on indutrial, manufacturing, and technology-related indutrie to increae the local and tate tax bae and improve the economic vitality for all Minneota citizen. State annual appropriation dicontinued in 2003 but the fund balance available i upported through the exiting loan repayment program. Grant are awarded to local unit of government who provide loan to ait expanding buinee. Citie, countie, townhip and recognized Indian tribal government are eligible for thi fund. All project mut meet minimum criteria for private invetment, number of job created or retained, and wage paid. There i a maximum of $500,000 per grant. Only one grant per tate fical year can be awarded to a government unit. At leat 50 percent of total project cot mut be privately financed through owner equity and other lending ource (mot application elected for funding have at leat 70% private financing). Grant term are for a maximum of 20 year for real etate and 10 year for machinery and equipment. Interet rate are negotiated. For all DEED Buine Financing Need, contact: Bart Bevin, MSP Metro DEED Loan Officer Bart.Bevin@tate.mn.u Ph: (651) 259-7424

Minneota Job Creation Fund Small Buine Development Loan Program Minneota Reervit and Veteran Buine Loan Program Provide up to $1 million after pecified job creation and capital invetment goal are achieved. The Small Buine Development Loan Program provide loan for buine expanion that reult in the creation of new job. Small buine loan up to $5 million are made by the Minneota Agricultural and Economic Development Board (MAEDB) through the iuance of indutrial development bond backed by a tate-funded reerve of 25 percent. For companie with employee called to active duty and veteran returning from active duty. The program i available to buinee engaged in manufacturing, warehouing, ditribution, technology-related indutrie, and other eligible activitie. Companie mut work with the local government (city, county or townhip) where a project i located to apply to DEED to receive deignation a a Job Creation Fund buine. Manufacturing and indutrial companie located or intending to locate in Minneota and meet the federal definition of a mall buine (generally thoe with 500 or fewer employee) are eligible. Buine Loan: Thee loan are for exiting mall buinee that have an eential employee called to active ervice in the military reerve for 180 day or longer, cauing a ubtantial economic injury to the buine due to the employee abence. For all DEED Buine Financing Need, contact: Bart Bevin, MSP Metro DEED Loan Officer Bart.Bevin@tate.mn.u Ph: (651) 259-7424 Start Up Buine Loan: Thee loan are for recently ervice eparated veteran eeking financial aitance to tart their own mall buinee. Indian Buine Loan Program The Minneota Indian Buine Loan Program upport the development of Indianowned and operated buinee and promote economic opportunitie for Native American people throughout Minneota. Eligible applicant mut be enrolled member of a federally recognized Minneota-baed band or tribe. Buinee may be located anywhere in the tate, although mot of the loan are made to buinee on a reervation. Eligible project include tart-up and expanion cot, including normal expene uch a machinery and equipment, inventory and receivable, working capital, new contruction, renovation, and ite acquiition. Financing of exiting debt i not permitted.

Urban Initiative Fund To ait minority owned and operated buinee and other that will create job in low income area of the Minneapoli-Saint Paul. The Urban Initiative Board ha entered into partnerhip with everal local nonprofit organization, which provide loan and technical aitance to tart-up and expanding buinee. Project mut demontrate potential to create job for low-income people; be unable to obtain ufficient capital from traditional private lender; and demontrate the potential to ucceed. Eligible applicant are Minority-owned and operated buinee creating job for low income people in Minneapoli, St. Paul, Anoka, Blaine, Bloomington, Brooklyn Center, Brooklyn Park, Columbia Height, Crytal, Fridley, Hopkin, Lauderdale, Lexington, New Hope, Oeo, Richfield, St. Anthony, St. Franci, St. Loui Park, Spring Park, South St. Paul, and Wet St. Paul For all DEED Buine Financing Need, contact: Bart Bevin, MSP Metro DEED Loan Officer Bart.Bevin@tate.mn.u Ph: (651) 259-7424 State Small Buine Credit Initiative Start-up and expanion cot, including normal expene uch a machinery and equipment, inventory and receivable, working capital, new contruction, renovation and ite acquiition. Financing of exiting debt i not permitted. Micro enterprie, including retail buinee, may apply for up to $25,000 in tate fund. The maximum total loan available through the Urban Initiative Program i $300,000. The tate may contribute 50% of the loan up to $150,000. Term require a 1:1 match with interet rate ranging between 2% and the Prime Rate plu 4%. Term are generally conitent with other ource of project financing. The State Small Buine Credit Initiative (SSBCI) ue federal funding to timulate private-ector lending and improve acce to capital for mall buinee and manufacturer that are credit worthy but not getting loan they need to expand and create job. The initiative allocate up to $15.4 million into four tate program: the Capital Acce Program, Emerging Entrepreneur Fund, Small Buine Loan Guarantee and the Angel Loan Fund Capital Acce Program Emerging Entrepreneur Fund Small Buine Loan Guarantee Angel Loan Fund

DEED Tax Credit Program Growing your buine can be difficult when you don't have the funding you need. Our tax credit program can eae the cah crunch. Your buine mut meet certain criteria to be eligible for tax credit. Eligibility requirement are et by each program Angel Tax Credit Program R & D Tax Credit Program For all DEED Buine Financing Need, contact: Bart Bevin, MSP Metro DEED Loan Officer Bart.Bevin@tate.mn.u Ph: (651) 259-7424 MN Hitoric Rehab Tax Credit Program Federal Hitoric Rehab Tax Credit Program The Minneota Hitoric Rehabilitation Tax Credit/Grant program i an incentive to timulate green job growth, increae local tax bae and revitalize urban and main treet communitie by encouraging private reinvetment in hitoric propertie. The tate tax credit program mirror the federal 20% rehab tax credit program. For building not certified a hitoric building, there i a federal 10% rehabilitation tax credit. Property owner who are undertaking a hitoric rehab project are eligible to receive either a tate income tax credit or grant to ait with qualifying project expenditure. The income tax credit i equal to 20% of the eligible expene of rehabbing a qualifying hitoric property. The grant i equal to 90% of the allowable federal rehab tax credit. Project propoer may chooe either the tax credit or grant option. Eligibility requirement: The building mut be lited in the Nat l Regiter of Hitoric Place or be certified a contributing to the ignificance of a regitered hitoric ditrict ; after rehab, the building mut be ued for an income-producing purpoe for at leat 5 year (owner occupied reidential propertie do not qualify for federal rehab tax credit); property mut be ubtantially rehabbed; and the rehab mut be done in accordance to the Secretary of the Interior Standard for Rehabilitation. State Hitoric Preervation Office (SHPO) Minneota Hitorical Society 345 Kellogg Blvd. W. St. Paul, MN 55102-1903 Phone: 651-259-3450 Preervation Alliance of MN (PAM) Doug Gaek, Executive Director dgaek@mnpreervation.org For building not certified a hitoric building, there i a 10% rehabilitation tax credit for building undergoing ubtantial rehabilitation and have been placed in ervice before 1936.

Contamination Clean Up Grant State of Minneota Program: To help with the extraordinary cot of cleaning up contamination in order to facilitate redevelopment, DEED offer Contamination Invetigation and Cleanup Grant and the Metropolitan Council offer Tax Bae Revitalization Account Grant. The two agencie hold two cycle a year, with May 1 t and November 1 t deadline. Depending on the kind of contamination, application can be ubmitted to both agencie. Only public agencie are eligible to apply, o a developer will have to get permiion of a city, county, houing and redevelopment authority, port authority or economic development authority. If the City of Saint Paul ponor an application, it require the developer to prepare the application. Grant are highly competitive and are awarded to project that will enhance the job and tax bae. DEED require a Repone Action Plan (RAP) approved by the Minneota Pollution Control Agency (MPCA) in order to apply. DEED alo require a 25% match, ome of which can come from the Met Council grant. The Met Council fund abeto abatement or removal. DEED: Kritin Luke, Ph: 651-259-7449 Kritin.luke@tate.mn.u Metropolitan Council: Marcu Martin, Ph: 651-602-1054 Marcu.martin@metc.tate.mn.u EPA Program: Cleanup grant provide funding for a grant recipient to carry out cleanup activitie at Brownfield ite. An eligible entity may apply for up to $200,000 per ite. Due to budget limitation, no entity hould apply for funding clean up activitie at more than five ite contaminated by petroleum and hazardou ubtance, pollutant, or contaminant including hazardou ubtance co-mingled with petroleum. Cleanup grant require a 20% cot hare, which may be in the form of a contribution of money, labor, material or ervice and mut be for eligible and allowable cot (the match mut equal 20% of the amount of funding provided by EPA and cannot include adminitration cot). A clean up grant applicant may requet a waiver of the 20% cot hare requirement baed on hardhip. An applicant mut own the ite for which it i requeting funding at the time of application or demontrate the ability to acquire title. The performance period for thee grant i two year. EPA: Office of Brownfield and Land Revitalization 202-566-2777 Fax: 202-566-2757 Brook Furio, Furio.brooke@epamial.epa.gov Indutrial Revenue Bond Saint Paul Port Authority Thi bond product offer manufacturing buinee below market rate financing for the purchae of real etate and fixed aet. Thi i a direct loan to the borrower and can provide up to $10 million maximum bond outtanding. Eligible Project: Manufacturing buinee real etate and equipment. Saint Paul Port Authority: Bruce Gehkre Ph: (651)204-6238 bhg@ppa.com Peter Klein: (651)204-6211 pmk@ppa.com Buine Development Fund Saint Paul Port Authority Thi fund upport job creation and growth by aiting manufacturer in purchaing or renovating real etate equipment. Thi i either a direct loan to the borrower or involve bank participation. It provide up to 25% direct participation with a $1.25 million maximum Port hare and a 90% loan to value max on real etate. Eligible Project: Real Saint Paul Port Authority: Bruce Gehkre Ph: (651)204-6238 bhg@ppa.com Peter Klein: (651)204-6211 pmk@ppa.com

New Market Tax Credit Saint Paul Port Authority Thee tax credit are available to invetor who put up money to fund buine expanion loan in economically depreed area of the City. etate, leaehold & equipment financing for manufacturing in buine 3 or more year. Thi i a direct loan to the borrower for primary real etate acceing up to $1.5 million through the Community Reinvetment Fund and up to $10 million through the Port. Eligible Project: commercial buinee located in qualified lower income communitie. Saint Paul Port Authority: Bruce Gehkre Ph: (651)204-6238 bhg@ppa.com Peter Klein: (651)204-6211 pmk@ppa.com Working Capital and Equipment Loan Guaranty Saint Paul Port Authority Trillion BTU Energy Efficiency Improvement Program Available to Saint Paul mall buinee for working capital provided the buine provide for the creation of new job. The Trillion Btu Energy Efficiency Improvement Program i deigned to reduce energy conumption by up to one trillion btu per year and be one of the firt in the nation to ue energy conervation a an economic development tool. The Saint Paul Port Authority i uing Federal grant fund for thi loan program. Buinee voluntarily agree to energy audit paid for from utility conervation improvement program (CIP) fund. Engineering tudie then are performed on facilitie with conervation opportunitie, 25% paid for by the buine. Technologie to be utilized currently are commercially proven with known energy aving reult. Energy aving agreement are executed by the Saint Paul Port Authority and buinee. Energy conervation project are intalled at participating facilitie (75% program funding and 25% CIP funding). Energy aving are ued to repay program expene and improve buine profitability. Thi i a loan guarantee deigned to finance working capital, line of credit and equipment term debt. Eligible Project: manufacturing buinee in operation for at leat one year providing job creation. To improve the economic competitivene of Minneota buinee and enhance their ability to retain and create job. To expand the exiting energy conervation indutry, creating new green job and a national center of expertie. To reduce the ue of foil fuel along with the aociated pollution and greenhoue ga emiion. To enhance the ability of utilitie to meet their energy aving goal in the Next Generation Energy Act of 2007. Many energy conervation project have invetment payback period from one to five year. Many buinee are not able to allocate carce capital to project with payback longer than one or two year. The Trillion Btu program will provide capital to buinee to invet in energy conervation and improve their profitability. Saint Paul Port Authority: Bruce Gehkre Ph: (651)204-6238 bhg@ppa.com Peter Klein: (651)204-6211 pmk@ppa.com Saint Paul Port Authority: Bruce Gehkre Ph: (651)204-6238 bhg@ppa.com Peter Klein: (651)204-6211 pmk@ppa.com

Small Buine Adminitration (SBA) 7 A Loan, 504 Loan and ARC loan 7 A Loan: The mot baic and mot ued type loan of SBA' buine loan program and are only available on a guaranty bai. The lender and SBA hare the rik that a borrower will not be able to repay the loan in full. Any SBA Banking Lender or Community Development Corporation Or Small Buine Development Center at the Univerity of St. Thoma, 651-962-4500 Or 504 Loan: Provide growing buinee with long-term, fixed-rate financing for major fixed aet, uch a land and building and i typically ecured with a enior lien from a private-ector lender covering up to 50 percent of the project cot, a loan ecured with a junior lien from a CDC (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cot, and a contribution of at leat 10 percent equity from the mall buine being helped. Generally, a buine mut create or retain one job for every $50,000 provided by the SBA except for "Small Manufacturer" which have a $100,000 job creation or retention goal (ee below).the maximum SBA debenture i $2.0 million when meeting a public policy goal. Community Reinvetment Fund (CRF) 612-338-3050 Kevin Riba Ph: 612-305-2059 Or Minneota Buine Finance Corporation Michelle Mueller Ph: (612)746-6900 SPEDCO Scott Hoechen 651.631.4900 Or Small Buine Micro Loan And Technical Reource Adminitered by our community development partner, Women Venture, Neighborhood Development Center and the Metropolitan Conortium of Community Developer, the Metropolitan Economic Development Aociation, African Development Center, SPARC, in cooperation with the City of Saint Paul, loan may be ued for inventory, equipment or working capital. Loan ize range from $350 - $40,000. DEED Urban Initiative Loan Program i alo available through thee nonprofit partner. Management and technical aitance available to all loan recipient. The African Development Center and the Neighborhood Development Center alo offer Sharia-compliant alternative financing method. Women Venture Ph: (612) 224-9540 Neighborhood Development Center (NDC): Brian Singer Ph: (651) 379-8422 Metropolitan Economic Development Aociation (MEDA): Ph: 612-259-6568 African Development Center (ADC): Ph: 612-333-4772

4% Loan Program: The Metropolitan Conortium of Community Developer (MCCD) i partnering with private lender in the Twin Citie metro area to provide financing for commercial building improvement and production equipment. MCCD will provide up to $40,000 in loan fund at an interet rate of 4%, provided that it fund are matched by an equal or greater amount of the bank fund at the bank lending rate. Buinee throughout the even county metro-area are generally eligible to participate in MCCD 4% loan program. The program i open to buinee that own their own facilitie a well a to tenant buinee that intend to make leaehold improvement. The 4% program can finance permanent improvement to exiting commercial and indutrial propertie and can be layered with other loan program. Latino Economic Development Center (LEDC): Ph:612-724- 5342, 612-227-2779 American Indian Economic Development Fund, Ph: 651-917-0819 Metropolitan Conortium of Community Developer (MCCD): Rob Smolund Ph: (612) 789-7337 x 11 Miletone Growth Fund Ph: 612-338-0090 Façade Improvement Program Funding for commercial exterior façade improvement encouraging private rehabilitation, retoration and maintenance of exiting commercial propertie while improving the economic and viual image of commercial and indutrial area. Varie per neighborhood and funding ource. Contact your local neighborhood buine aociation, community development corporation and ditrict council office.