Northfield EDA Awards Micro-Grants

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.

Hot Spot Music

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.

Northfield Physical Therapy

A $4,995 grant was provided to Northfield Yarn for remodel and business expansion efforts. Northfield Yarn is at 314 Division Street.

Northfield Yarn
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.

Leave a Reply