Local Resources for Business

Economic Development
Local Resources for Business

Contact the Pine County Office of Economic Development or one of the communities in the County for information on local resources for business development.  These may include:

  • Revolving Loan Funds:  Pine City, Hinckley and Sandstone all manage local revolving loan funds for local business start-up or development.
  • Tax Increment Financing:  All county communities have at some time implemented a TIF district.  TIF is a tax abatement strategy used to help finance the costs of real estate development to encourage developers to construct buildings or other private improvements and to pay for public improvements.
  • Tax Abatement:  A taxing jurisdiction agrees to forego some property tax income in order to provide an incentive for business start-up or expansion.  The communities and the County all have abatement opportunities.
  • Inexpensive Industrial Park Land:  Pine City, Hinckley and Sandstone all have established industrial or technology park property available for business start-up or relocation.
  • Business Incubator:  Pine Technical and Community College operates a business incubator targeted at new, technology-based manufacturing or production companies.  The incubator provides up to 7800 square feet of production space in a brand-new facility, along with a full program of business support services designed to help a new enterprise become sustainable.

Contacts:

Pine County:  David Minke, County Administrator 320-591-1620  David.Minke@co.pine.mn.us

Pine City:  Nathan Johnson, Director of Community and Economic Development, 320-629-2575  njohnson@pinecitygov.com

Hinckley:  Mark Perry, Planning & Zoning Administrator,  (320) 384-7491  hkplanner@scicable.net

Sandstone:  Sam Griffith, City Administrator, 320-245-5241  samg@sandstonemn.com

PTCC:  Jason Spaeth, Dean of Continuing Education and Customized Training, 320-629-5175  SpaethJ@pine.edu

Links:

PTCC Incubator: http://pineinnovationcenter.com/

Sandstone Industrial Park:  http://www.sandstone.govoffice.com/index.asp?SEC=1ADD3D16-C35E-464C-A50B-3545D18B88DB&Type=B_BASIC

Pine City EDA and Technology Park:  http://www.pinecity.govoffice.com/index.asp?SEC=A34F26CB-6F6A-4BEC-A5C1-EC3EEDC81574&Type=B_BASIC