Local Incentives / ED Programs

Elected and appointed officials in each community are committed to facilitating economic development efforts that will help strengthen the county. While each jurisdiction's policies are different and priorities are unique, they share a common culture of making projects happen. A variety of financing tools are available to businesses looking to locate in Scott County. They include, but are not limited to the following:

  • Tax Increment Financing (TIF)
  • Tax Abatements
  • Low Interest Loans
  • Façade Improvement Grants
  • Sewer/Water Accessibility Charge Assessments

First Stop Shop representatives, along with local government staff, can provide information on economic development programs. Be sure to also ask about other resources that may be available to make the process easier for you or your client.

For questions about any of the incentives identified below in our communities, please contact the city representative directly:

Belle Plaine - Cynthia Smith-Strack, Community Development Director, 952.873.5553 or cynthias@ci.belleplaine.mn.us 
Elko New Market - Tom Terry, City Administrator, 952.461.2777 or tterry@ci.enm.mn.us
Jordan - Tom Nikunen, City Administrator, 952.492.2535 or tnikunen@ci.jordan.mn.us
New Prague - Ken Ondich, Planning Director, 952.758.4401 or kondich@ci.new-prague.mn.us
Prior Lake - Casey McCabe, Community and Economic Development Director, 952.447.9813 or cmccabe@cityofpriorlake.com
Savage - Barry Stock, City Administrator, 952.882.2646 or bstock@ci.savage.mn.us
Shakopee - Michael Kerski, Director Planning & Development, 952.233.9346 or mkerski@shakopeemn.gov
Scott County - Stacy Crakes, Business Development Director First Stop Shop, 952.496.8613 or scrakes@scottfss.org

There are currently 15 Local Incentives / ED Programs available in Scott County.

Filter Incentives by Community
Select Community from the dropdown and click 'GO'.

- OR -

Search All Incentives
Enter search term and click 'GO'.

Sort By Incentive Type

Tax Increment Financing (TIF)

A limited amount of activities can occur prior to approval of the TIF Plan; however TIF projects are subject to the but-for test. In approving a TIF district the City must make several findings, including the "but for" test: that the proposed development would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future. The provided but-for argument states the development requires improvements the developers could not economically provide to construct this housing project without the use of Tax Increment Financing.

Revenue derived from tax increment from an economic development district may not be used to provide improvements, loans, subsidies, grants, interest rate subsidies, or assistance in any form to developments consisting of buildings and ancillary facilities, if more than 15 percent of the buildings and facilities (determined on the basis of square footage) are used for a purpose other than:

  • the manufacturing or production of tangible personal property, including processing resulting in the change in condition of the property;
  • warehousing, storage, and distribution of tangible personal property, excluding retail sales;
  • research and development related to the activities listed in clause (1) or (2);
  • telemarketing if that activity is the exclusive use of the property;
  • tourism facilities;
  • qualified border retail facilities; or
  • space necessary for and related to the activities listed in clauses (1) to (6).

The maximum term of an economic development district is eight years after receipt of first year of increment for a total of nine years of collection. The revenues captured from a tax increment financing district include the incremental local share of taxes from the City, County, applicable School District and other small taxing jurisdictions.

There is a process that needs to be completed for a subsidy request, which begins with completion of a subsidy application. TIF requests are evaluated on a case by case basis and are contingent on City Council approval.

Communities:  Belle Plaine, Elko New Market, Jordan, New Prague, Prior Lake, Savage, Shakopee

Tax Abatement

Tax abatement is a temporary deferral of taxes by the city, county, or a combination of both. The tax abatement proceeds can be used to pay for public improvements that benefit the property, acquire and convey land, reimburse cost of improvements made to the property, and other development costs.

There is a process that needs to be completed for a subsidy request, which begins with completion of a subsidy application. Abatement requests are evaluated on a case by case basis and are contingent on City Council and County Board approval.

Communities:  Belle Plaine, Elko New Market, Jordan, New Prague, Prior Lake, Savage, Shakopee, Scott County

Scott County Fiber Network

Conducting business electronically is fast and efficient in Scott County, due to an excellent network of nearly 300 miles of fiber that runs throughout the County. Built through a partnership between Scott County and local communities, the fiber optic network connects all public facilities within the county, state of Minnesota, and other county fiber optic networks.

Scott County can leverage access to this network to private companies, which could provide exceptionally resilient connectivity service, at an affordable price, likely resulting in a long term operating expense savings.

Communities:  Belle Plaine, Elko New Market, Jordan, New Prague, Prior Lake, Savage, Shakopee, Scott County

Revolving Loan/Low Interest Loan Funds

The purpose of the Revolving Loan Fund (RLF) is to establish a low interest loan program to provide the capability and incentive for owners and tenants of new and existing businesses to upgrade the appearance, structural condition, and operating efficiency of their places of business, thereby improving their marketability and retaining and expanding job opportunities.

Communities:  Belle Plaine, Jordan, New Prague, Prior Lake, Savage, Shakopee

MN DEED - Minnesota Investment Fund

The Minnesota Investment Fund provides financing to help add new workers and retain high-quality jobs on a statewide basis. The focus is on industrial, manufacturing, and technology-related industries to increase the local and state tax base and improve economic vitality statewide.

  • Eligibility - Funds are awarded to local units of government who provide loans to assist expanding businesses. Cities, counties, townships and recognized Indian tribal governments are eligible for this fund.
  • Project Requirements - All projects must meet minimum criteria for private investment, number of jobs created or retained, and wages paid. Only one award per state fiscal year may be provided to a government unit. At least 50 percent of total project costs must be privately financed through owner equity and other lending sources (most applications selected for funding have at least 70 percent private financing).
  • Terms and Interest - Terms are for a maximum of 20 years for real estate and a maximum of 10 years for machinery and equipment. Interest rates are negotiated.

Communities:  Belle Plaine, Elko New Market, Jordan, New Prague, Prior Lake, Savage, Shakopee, Scott County

MN DEED - Greater Minnesota Public Infrastructure Program

Communities:  New Prague

Metropolitan Council Sewer Availability Charge Deferral Sewer and Water Fee Deferral Program

Deferral of SAC (Sewer Availability Charge) fees over up to 5 years. Eligible businesses or properties can apply for the deferral of a portion of one or more sewer/water fees, including

  • Metropolitan Council Sewer Availability Charge (SAC) - Regional Program sewer fee;

For any Metropolitan Council SAC deferral, there is a three (3) unit minimum and a 25 unit maximum (2014).

Communities:  Prior Lake, Savage

MCCD Open To Business Program

The Open to Business program in Scott County is a collaboration between the Scott County Community Development Agency (CDA) and the Metropolitan Consortium of Community Developers (MCCD). Christine Pigsley, the Scott County Open to Business Advisor, is available to provide one-on-one business counseling assistance customized to meet the needs of current business owners and prospective entrepreneurs. Financing is also available to qualified applicants. The Open to Business program is being offered free of charge to Scott County businesses or residents.

Communities:  Belle Plaine, Elko New Market, Jordan, New Prague, Prior Lake, Savage, Shakopee, Scott County

Local Sewer and Water Fee Deferral Program

Deferral of SAC (Sewer Availability Charge) fees over up to 5 years. Eligible businesses or properties can apply for the deferral of a portion of one or more sewer/water fees, including

  • Prior Lake Sewer Connection Charge - Local Program sewer fee;
  • Prior Lake Water Connection Charge - Local Program water fee; and
  • Prior Lake Water Tower Charge - Local Program water fee.
  • Shakopee Sewer Availability Charge

Communities:  Prior Lake, Shakopee

Jobs for Fees

Jobs for fees is a program created by the City of Jordan Economic Development Authority. Its purpose is to assist existing businesses with expansion and attract new businesses to Jordan whose operations will help expand the City's economy and maintain/grow the City's tax base. Assuming funding is available and the program is maintained, the program will be offered over a five-year period. It uses a two-tiered evaluation process to:

  • Determine eligibility for incentive financing; and
  • To determine the amount of program funds for which an organization may be eligible.

The City of Jordan will consider use of the program which demonstrates the achievement of one or more of the following public purpose objectives:

  • To retain local jobs and/or increase the number and diversity of jobs that offer stable employment and/or attractive wages and benefits
  • To enhance and/or diversify the City's economic base
  • To encourage additional unsubsidized private (re)development of commercial and industrial areas

Communities:  Jordan

Façade Improvement Loan Program

The purpose of the Façade Improvement Loan Program is to establish a loan program to provide the capability and incentive for owners and tenants of new and existing businesses to upgrade the appearance of their places of business, thereby improving their marketability and promoting redevelopment of existing business properties within the City.

Communities:  Belle Plaine, Jordan

Economic Gardening Program

Economic Gardening is a program offered through a partnership with Scott County and the Lowe Foundation that targets second stage growth businesses. Companies spend about 60 hours over 8 months collaborating with a research team and participating in CEO roundtables and forums.

To be eligible:

  • Be a for-profit, privately held company that has been headquartered in Scott County for at least the past two years
  • Generate annual revenue or working capital of between $1M and $50M
  • Employ between 10 and 99 full-time employees
  • Demonstrate growth in employment and/or revenue during two of the past five years
  • Provide products or services beyond the local area to regional, national, or global markets.

Communities:  Scott County

City Land Available

City owned parcels of land which have the infrastructure in place and are ready for development.

Communities:  Belle Plaine, Jordan

City Fees

Consideration of deferral or assessment of City fees for purposes of new development.

Communities:  Elko New Market

Business Incubator Program

City offers low cost office space and support services for small businesses.

  • Technology Village Business Accelerator Program in Prior Lake offers emerging technology businesses the support and assistance necessary to nurture and accelerate business development. Technology Village provides clients with an affordable and customized lease, furnished offices, development assistance, guidance from experienced business professionals, shared conference rooms and office equipment, networking opportunities with other entrepreneurs and community organizations, education programs, and access to local lenders interested in working with start-up businesses.

Communities:  Prior Lake