The Northfield Economic Development Authority has approved three Clem Shearer Micro-grants since the beginning of 2018. Congratulations to these fine Downtown Northfield businesses for attaining these awards!!
A $5,000 grant was provided to Hot Spot Music, LLC for building re-model and business expansion efforts. Hot Spot Music is at the corner of Division and 8th Streets.
A $5,000 grant was provided to Northfield Physical Therapy for business expansion efforts. Norhfield Physical Therapy is in the Phoenix Building on the corner of Division Street and 7th Street.
A $4,995 grant was provided to Northfield Yarn for remodel and business expansion efforts. Northfield Yarn is at 314 Division Street.
Clem 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
The Northfield Enterprise Center (NEC) continues to provide coaching opportunities for new business and coordinates initial discussions on micro-grant opportunities. For more information, reach out to Chris Whillock at 507-339-0336 or at the Northfield Business & Tourism Center at 19 Bridge Square.