The Northfield Economic Development Authority offers Micro Grants for emerging or expanding businesses. Micro grant funds can be used for a wide variety of purposes including, but not limited to, leasehold improvements, gap financing, or working capital.
This financial tool is officially known as the Clement F. Shearer Micro Grant Program. Clem was Dean of Budgeting and Planning at Carleton College and was a long-time member of the EDA. He was instrumental in formulating the micro grant program.
The grants are typically up to $5,000. Larger grant amounts may be awarded by the EDA Board if the grant advances an initiative contained in the Economic Development Plan of the EDA.
For more information, visit the EDA’s web page. You may also contact Jody Gunderson at 645-3018.
Photo courtesy of Griff Wigley.