Starting or Expanding a Small Businessupdated: Friday, December 12, 2014
Small businesses are in integral part of the economic vitality of St. Louis Park. The city is committed to providing entrepreneurs with the assistance they need in order to grow and expand their enterprises. Please consult the following links for more information on business resources, or call Julie Grove, Planning and Economic Development Assistant, at (952) 924-2523.
Open To Business
Small business consulting services are available to all St. Louis Park businesses through the city's Open to Business Program.
Trained staff can assist you:
- Conduct business feasibility studies
- Prepare business and marketing plans
- Develop financing and cash flow projections
- Determine true borrowing needs
- Access traditional and non-traditional loans
- Evaluate financing options
- Review leases
- Find answers to other small business-related questions
Consultations with a business advisor are one-on-one, free and confidential.
30-minute walk-in meetings are available on the fourth Monday of each month from 9 a.m. to 11 a.m. at St. Louis Park City Hall located at 5005 Minnetonka Blvd. It is recommended that appointments be scheduled in advance.
Appointments with our consultant can also be scheduled at your place of business.
For more information or to arrange an appointment, contact:
Rob Smolund, Business Advisor, at
(612) 789-7337, Ext. 260 or
Consulting services offered through Metropolitan Consortium of Community Developers (MCCD)
SCORE “Counselors to America’s Small Business"
SCORE is a national, nonprofit organization dedicated to the formation, growth and success of small businesses. Its volunteer counselors are working or retired business owners, executives and corporate leaders. They provide free and confidential advice to entrepreneurs and small business owners in every industry. SCORE has a branch office in St. Louis Park located at.
8700 W. 36th St. Suite 125a
St. Louis Park, MN 55426
The office is staffed Monday through Friday from 9 a.m. - Noon as well as on several afternoons.
Contact by phone: (952) 938-4570;
or email: minneapolis@score-mn-org
Small Business Development Center (SBDC), University of St. Thomas
The University of St. Thomas’ SBDC provides no-cost consulting to small businesses and entrepreneurs in the Twin Cities area. It helps business owners develop business plans, strategies, attract customers, increase sales and improve profitability. Consultants have extensive, practical experience in marketing, finance, accounting, operations and/or business planning. Most have advanced degrees and have been business owners.
For more information, contact:
Twin Cities Small Business Development Center
University of St. Thomas
Opus College of Business
Terrence Murphy Hall 100
1000 LaSalle Ave.
Minneapolis, MN 55403
Job Creation Fund
The Job Creation Fund provides financial incentive to new and expanding businesses in manufacturing, warehousing, distribution, technology-related industries and other eligible activities. Companies deemed eligible to participate may receive up to $1 million for creating ore retaining high-paying jobs and for constructing or renovating facilities.
MCCD Loan Program
The Metropolitan Consortium of Community Developers (MCCD) offers direct small business loans ranging from $2,000 to $25,000. Larger loans up to $50,000 are available when MCCD partners with a local bank to provide financing. Loan repayment terms on direct loans of up to $25,000 generally range from 3 to 5 years.
For more information, contact:
(612) 789-7337, ext. 260
NDC- Neighborhood Development Center
NDC provides business training, loans, technical assistance and business incubators to low-income individuals around the Twin Cities. NDC strives to eliminate the barriers within low-income, minority and immigrant communities by providing long-term relationships culturally competent programs. They provide entrepreneur training & small business workshops, small business loans & Islamically acceptable financing, one-on-one business assistance, and small business incubator development and management.