INDUSTRIAL REVENUE BONDS

Administered by the Minnesota Department of Trade and Economic Development through local units of government.

Type of Funding: Low interest loans through the sale of tax-exempt bonds.

Eligible Uses of Funds: Land acquisition, building acquisition, machinery, equipment, working capital, architecture and engineering.

Eligible Borrowers: Individuals, partnerships, limited partnerships, profit or non-profit corporations, tenant operators, developers, and other legal entities.

Loan Amount: Negotiable.

Interest Rate: Varies depending on bond market.

Term: Varies.

Contact:
Barnesville Economic Development Authority
210 Front Street North
PO Box 550
Barnesville, MN 56514
(218) 354-2145 or (800) 354-7570
Contact us via e-mail at klauer@bvillemn.net

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