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Manufacturing
and high-wage service companies which locate in Owatonna’s JOBZ development
zones are eligible for substantial tax savings through 2015, thanks to the
most aggressive non-metro job development program in Minnesota’s history.
High-quality, developed industrial lots with excellent access to 1-35 qualify
for JOBZ benefits.
Other available incentives include commercial development funding, TIF and tax abatements, state and federal grants, and industrial development bonds.
Tier 1 Commercial Building Renovation Loan Program (PDF)
Tier 2 Commercial Building Renovation Loan Program (PDF)
Revolving Loan Fund for Commercial Development (PDF)
Revolving Loan Fund for Industrial Developement (PDF)
