Starting or Expanding a Small Businessupdated: Thursday, July 24, 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 (click here)
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 capital
- 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.
The walk-in office hours for July have been rescheduled from Monday to Friday July 25 from 9am-11am at St. Louis Park City Hall.
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” (click here)
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 (click here)
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
MCCD Loan Program (click here)
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
or go to www.mccdmn.org
Xcel Energy - Development Assistance (Project Gemini)
Manufacturer or wholesale trade businesses that locate or expand operations in specified industrial areas in St. Louis Park may be eligible to receive reduced electric rates for five years through Project Gemini. Those eligible for the program could see savings of 15-20 percent on the total bill the first three years, 10-12 percent in the fourth year, and 6-8 percent in the fifth year. For more information click here or call Xcel Energy's Economic Development department at 1-800-367-7414.