Business Resources and Incentives

Please click on the program title for details.

Commercial Rehabilitation Grant Program

Grant dollars are currently available with applications being reviewed on a first come, first serve basis.

Grant funds may be available to assist local businesses and/or property owners who are making qualified improvements to eligible commercial properties that eliminate conditions that are detrimental to public health and safety. The following are examples of qualified improvements: correcting code violations, code improvements, and the correction of handicap accessibility issues. The intent of the grant program is to prevent the deterioration of commercial structures and discourage blight, encourage projects that correct code violations and to eliminate accessibility restrictions. Requirements of the program include, but are not limited to the following:

  • Applicant providing a 1:1 dollar match
  • Competitive bidding

  • Davis-Bacon Wage Act (payment of prevailing wages to contractors)

Program Information and Application

Please contact Community Development Director Adam Kienberger at 651-280-6820 or Email to discuss your potential commercial rehabilitation project.

Dakota County Community Development Agency (CDA)

The CDA is a local government agency administering over 30 programs and managing over 2,100 units of affordable workforce and senior housing serving the communities and residents of Dakota County. They can assist you with buying a home by creating a plan to include credit repair, creating a household budget and identifying mortgage loan products.

 

Dakota County Regional Chamber of Commerce

The city is a part of the Dakota County Regional Chamber of Commerce, which is committed to building a stronger business community in Dakota County. They proudly serve the cities of Eagan, Farmington, Lilydale, Mendota Heights, Mendota, Rosemount, Sunfish Lake, and West St. Paul. We're proud to contribute to the outstanding quality of life our businesses enjoy every day. Visit them on the web to learn of the many ways they’re helping make the Dakota County area the best possible place to live and work.

 

Farmington Business Association (FBA)

The Farmington Business Association is a non-profit business association dedicated to providing the residents of Farmington with a successful business environment, give back to the community through the planning and promotion of events within the city of Farmington, preserve and protect the historic downtown area, and provide networking opportunities to our membership.”

 

GROW Farmington

With every local purchase, your patronage impacts the local economy, the vitality of our town, and the sustainability of our community. Where we shop, eat, and have fun makes our community home. Farmington’s one-of-a-kind businesses are an integral part of the town’s distinctive character.

GROW LogoLook for the GROW Farmington logo everywhere you shop and take the “Buy, Live, Local” pledge to show your support. Local businesses are owned by people who are invested in the community’s future.

Minnesota Department of Employment and Economic Development (DEED)

The Minnesota Department of Employment and Economic Development (DEED) is the state’s principal economic development agency. DEED programs promote business recruitment, expansion, and retention; international trade, workforce development, and community development.

 

Open to Business

open to business logo

Farmington partners with the Dakota County CDA and the Metropolitan Consortium of Community Developers to offer the Open to Business Program. Business Advisor Laurie Crow, offers one-on-one business counseling and personal assistance for entrepreneurs and business owners at no cost. Laurie will work with you to develop a strong business plan, identify challenges and opportunities for your business, and tailor solutions to your business questions. She can also help determine financial needs and identify and apply for financing that will meet those needs.

Open to Business Advisor Contact
Laurie Crow
952-484-3107
lcrow@mccdmn.org

Host a Ribbon Cutting

The city offers businesses the opportunity to host a ribbon cutting event free of charge. Businesses interested in hosting a ribbon cutting should call 651-280-6803 to schedule the event.

 

Downtown Facade Improvement Program

In conjunction with the Downtown Redevelopment Plan, the Economic Development Authority (EDA) has made funding available to business owners to be used for building façade and exterior improvements. Improvements include items such as awnings, paint, tuck pointing, exterior lighting, decorative signage, windows, doors, gutters, accessibility improvements, etc.

Grants will be made in the amount of $1,500 up to $2,500 each and require a 1:1 match by the applicant.

Business Subsidy Policy

The Business Subsidy Policy outlines the criteria for either tax increment financing or tax abatement.  Please see either of these tax incentive policies for detailed information.

Tax Abatement Policy

The purpose of this policy is to establish the city of Farmington’s position relating to the use of tax abatement for private development above and beyond the requirements and limitations set forth by state law. This policy shall be used as a guide in the processing and review of applications requesting tax abatement assistance.

Tax Increment Financing Policy

The purpose of this policy is to establish the city of Farmington’s position relating to the use of tax increment financing (TIF) for private development above and beyond the requirements and limitations set forth by state law. This policy shall be used as a guide in the processing and review of applications requesting tax increment assistance.

Tax increment financing (TIF) uses the increased property taxes generated by new real estate development within a tax increment district to pay for certain eligible costs associated with the development.