LAMA Business Grants & Loans
The Lakes Area Manufacturers Alliance promotes manufacturing’s economic importance and works tirelessly on workforce development. We’ve compiled this list of resources of value to manufacturers to help you start or grow your business.
Brainerd Lakes Area Economic Development Corporation
Your dream begins with BLAEDC. You’re beginning to believe your dream can be a reality. But where do you start? We’re here to help by sharing necessary steps, identifying key resources, and connecting you with a supportive community of like-minded professionals. We know what it takes to build a business in the Brainerd Lakes Area. Begin with us.
Northwest Minnesota Foundation
Offers microloans for working capital, equipment, etc., with competitive rates, often working with a lead bank.
Provides grants to nonprofits, schools, and government within their 14-county region (including Crow Wing) for community development.
State of Minnesota (DEED) Programs
- Minnesota Investment Fund (MIF): Works with local partners for job creation/retention projects.
- Job Creation Fund: Supports larger projects creating new jobs.
- Automation Loan Participation Program: Gap financing for small manufacturers to buy machinery/software.
- Growth Loan Fund: Direct loans for early-stage businesses, especially those with Angel Tax Credits.
Minnesota Chamber of Commerce – Business & Economic Development Resources
The Grow Minnesota! program helps businesses connect to critical resources to grow and expand in Minnesota. We work in partnership with local chambers of commerce, economic development organizations and business resource providers to ensure that Minnesota companies have a strong network of supporters to address key challenges and grow their business here in the state.
Other & Specialized Options
Offers stock-backed financing for expansion in Crow Wing County.
Support and resources for women-owned businesses through the Entrepreneur Fund.