Resources & Information

This page gives an overview of the many types of resources, information and support our office can provide to new or existing businesses, including contact and financial resources and the many local, state, regional and federal assistance programs available. For assistance, please contact the Retail Services Specialist, Cara Knauf, at the Chamber of Commerce at cara@newulm.com or call 507-233-4308.

Available Space for Sale/Lease




    Start-Up and Training Resources

    Start Up Smart Workshops

    Held the first Tuesday of every other month at the Chamber of Commerce office, 1 N. Minnesota St in New Ulm from 6-7:30pm.

    Is entrepreneurship right for you? In this free Start Up Smart workshop you will gain a basic understanding of the essential steps to getting your business off the ground and the many local and online resources available to help you. Presented by a consultant from the Small Business Development Center in Mankato. 

    Dates in New Ulm for 2019 are: February 5, April 2, June 4, August 6, October 1, and December 3. 

    Also offered in Mankato at MSU Strategic Partnership Center, 424 N. Riverfront Dr, Suite 210, in Mankato. Click here for dates and times: https://mnsbdc.ecenterdirect.com/events?centerid=12

    Pre-registration requested. Register online at: https://mnsbdc.ecenterdirect.com/events/signup/10684

    Questions or need more information? Call Cara at 507-233-4308 or email cara@newulm.com.

     

    Free SBDC Consulting Appointments now available in New Ulm! 

    For start-up or established businesses

    The Small Business Development Center (SBDC) of Mankato will be offering free one-on-one consulting to start-ups and established businesses. Consultants will be available from 9am-12pm on:

    • Wednesday, January 30
    • Thursday, February 28
    • Wednesday, March 27
    • Thursday, April 25

    Appointments requested. To register, call 507-233-4308 or email cara@newulm.com. Held at the Chamber of Commerce office, 1 N. Minnesota St in New Ulm. 

     

    Minnesota Chamber of Commerce

    https://www.mnchamber.com/

    What We Do
    The Minnesota Chamber of Commerce is the state's largest and premier business organization, representing more than 2,300 businesses of all types and sizes across Minnesota. Your needs are our priorities as we work with you to make Minnesota a better place for businesses to locate, stay and grow.

    RESOURCES:
    Grow Minnesota
    Grow Minnesota is the premier private-sector led statewide business retention, business assistance, and business expansion program in Minnesota. Our team helps Minnesota businesses locate the right resources and provide professional assistance so your business will succeed, stay and grow in our state.
    https://www.mnchamber.com/grow/grow-minnesota-0

    Business Resources
    Our wide ranging database can be accessed quickly and includes a wealth of researched statewide resources. Brief descriptions of resources and direct links are focused on saving busy business people valuable time and money. Resources include: small business loan programs, information on how to start a business, resources for entrepreneurs, workforce recruitment assistance and training grants, exporting services and seminars, information on environmental permitting and regulations, energy use and waste reduction programs.
    https://www.mnchamber.com/grow-minnesota-business-resources

    Minnesota Department of Employment and Economic Development (DEED)

    https://mn.gov/deed

    What We Do
    Minnesota Department of Employment and Economic Development (DEED) is the state's principal economic development agency. DEED programs promote business recruitment, expansion, and retention; international trade; workforce development; and community development. Learn what DEED is all about and the ways we help job seekers, businesses and communities.

    RESOURCES:
    Assistance for Minnesota Businesses Fact Sheet
    It’s not easy to start, manage or expand a business. Having professional guidance at the right time can save time and
    money – and prevent headaches. The Minnesota Department of Employment and Economic Development (DEED) offers
    information, programs and services to help businesses succeed.
    https://mn.gov/deed/assets/assistance-minnesota-businesses_tcm1045-261472.pdf

    Guidebooks
    Guidebooks for starting a small business, protecting your intellectual property, dealing with employment law issues, and more.
    http://cdm16105.contentdm.oclc.org/cdm/search/collection/p16105coll5

     

    Minnesota Business First Stop

    https://mn.gov/deed/business/help/first-stop/

    Minnesota Business First Stop streamlines the development process for complex business startups, expansions or relocations that involve financing, licensing, permitting, and regulatory issues that overlap multiple state agencies. The Minnesota Business First Stop Team is managed by the Department of Employment and Economic Development and includes representatives from eight state agencies.

    RESOURCES:
    Minnesota Business First Stop Fact Sheet
    https://mn.gov/deed/assets/business-first-stop-fact-sheet_tcm1045-133657.pdf

    Assistance Electronic Inquiry Form
    We help companies at any stage of development, from new ideas to business startups to established companies with products and services ready to market. Just complete and submit this electronic inquiry form and we'll contact you.
    https://apps.deed.state.mn.us/survey/geaform.shtml

     

    U.S. Small Business Association (SBA) 

    https://www.sba.gov/

    What We Do
    Since its founding, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. SBA provides assistances primarily through its four programmatic functions:

    • Access to Capital (Business Financing)
      SBA provides small businesses with an array of financing for small businesses from the smallest needs in micro-lending - to substantial debt and equity investment capital (venture capital).
    • Entrepreneurial Development (Education, Information, Technical Assistance & Training)
      SBA provides free individual face-to-face, and internet counseling for small businesses, and low-cost training to nascent entrepreneurs and established small businesses in over 1,800 locations throughout the United States and US territories.
    • Government Contracting (Federal Procurement)
      In keeping with the mandate of Section 15(g) of the Small Business Act, SBA's Office of Government Contracting sets goals with other federal departments and agencies to reach the statutory goal of 23 percent in prime contract dollars to small businesses. This office also provides small businesses with subcontracting procurement opportunities, outreach programs, and training.
    • Advocacy (Voice for Small Business)
      Created in 1978, this Office reviews Congressional legislation and testifies on behalf of small business. It also assesses the impact of the regulatory burden on behalf of small businesses. Additionally, it conducts a vast array of research on American small businesses and the small business environment. The Chief Counsel of this office is appointed by the President of the United States.

    RESOURCES:
    Minnesota
    Resource Guide
    The Minnesota Resource Guide contains information for small businesses that is local to the state of Minnesota. In addition to SBA programs and services, it includes contact information at the local, state and federal levels.
    https://www.sba.gov/offices/district/mn/minneapolis/resources/minnesota-resource-guide

    National Resource Guide
    Small Business Resource magazine is the most complete guide to starting and expanding your business. You'll find information on counseling, training, capital, contracting, disaster assistance, business advocacy, local directories and more.
    https://www.sba.gov/sites/default/files/files/resourceguide_national.pdf

     
    Small Business Development Center (SBDC)

    https://www.myminnesotabusiness.com/

    What We Do
    SBDCs provide the expertise and guidance that every small business owner needs to flourish in today’s competitive economy. The South Central Minnesota SBDC is part of the Minnesota network of regional centers. We are funded by the U.S. Small Business Administration and regional support partners, which allows us to provide professional services at no cost. We offer one-on-one consulting to established businesses and start-ups. We also help to find and secure the capital you need to operate and expand. Finally, we offer an array of training sessions at no cost or nominal cost.

    RESOURCES:
    Business Owner's Toolkit
    Information to help with incorporation options and choose the right business type.
    https://www.bizfilings.com/toolkit

    Business Plans Handbook
    Eleven reference volumes composed of actual business plans written by entrepreneurs in North America who are seeking financing for their business.
    http://www.referenceforbusiness.com/business-plans/

     

     

    Southern Minnesota Initiative Foundation (SMIF)

    https://smifoundation.org/

    What We Do
    Southern Minnesota Initiative Foundation is a regional development and philanthropic organization that fosters economic and community vitality in 20 counties of southern Minnesota through a culture of collaboration and partnership. We envision a prosperous and growing region with vibrant communities, innovative and successful economies, and engaged and valued citizens.

    RESOURCES:
    Fund Portal

    To achieve our vision of helping develop more community vitality, we offer grants to nonprofits and communities, Community Foundation support and regional collaboration.
    https://smifoundation.org/smif-portal/smif-portal-login.html

    Small Town Grants
    The goal of our grant making is to bring community leaders together in a collaborative and inclusive way to create a shared vision and path towards transformative ideas and goals. SMIF is offering grants of up to $10,000 for these communities to support projects that can demonstrate a collaborative and transformational opportunity for their community.
    https://smifoundation.org/smalltowngrants/about.html

     

     

    Financing Resources for Businesses

    Incentives Offered by the City of New Ulm

    The New Ulm Economic Development Authority (EDA) is accepting applications for low interest loans from commercial property owners or tenants in New Ulm. The EDA offers two different types of loans:

    Limited Loan Program
    For new or emerging businesses looking for help with start-up operations or in need of gap financing. Up to $5,000 is available for eligible loan activities at a 0% interest rate for a 2 year term.

    Application: https://www.ci.new-ulm.mn.us/vertical/sites/%7B1E9156B6-EE87-4ADE-9BB6-37AF3590FA0E%7D/uploads/LIMITED_LOAN_Application_form.pdf

    Rehabilitation Loan Program
    This program currently offers up to $50,000 in matching funds at a 2% interest rate over a 10 year term. The EDA loan provides 50% of the loan amount. The remaining 50% is financed by a local banking institution under separate terms.

    For projects involving exterior/façade improvements; roof and parapet wall improvements; heating, ventilation, air conditioning, and lighting improvements; utility service upgrades; improvements for energy conservation, health, safety, and building code compliance; interior remodeling; handicapped accessibility.

    Application: https://www.ci.new-ulm.mn.us/vertical/sites/%7B1E9156B6-EE87-4ADE-9BB6-37AF3590FA0E%7D/uploads/REHAB_LOAN_application_form.pdf

    The EDA has been participating with local banks in providing commercial property rehabilitation loans since 1986. During this period of time, approximately $2 million has been loaned for eligible projects throughout the community. For further program information and application materials, please contact David Schnobrich, Community Development Director, at 507-359-8245 or davids@newulmmn.gov.

     

    For All Businesses

    Federal Programs

    National Trust Community Investment Corporation (NTCIC)
    Small Deal Fund
    1155 15th St NW #300, Washington, DC 20005
    (202) 588-6001
    https://ntcic.com/

    Small Business Administration (SBA)
    General Small Business Loans (7A), Microloan Program, Real Estate and Equipment Loans (CDC/504), Disaster Loans, Loan Programs
    US Small Business Administration, 409 3rd St. SW, Washington DC 20416
    800-827-5722
    answerdesk@sba.gov
    https://www.sba.gov/funding-programs

    State Programs

    Department of Employment and Economic Development (DEED)
    Business Assistance and Information
    1st National Bank Building
    332 Minnesota St., Suite E-200, St. Paul, MN 55101-1351
    651-259-7114 or 800-657-3900
    deed.customerservice@state.mn.us
    https://mn.gov/deed/

    Regional Programs

    Brown County Economic Development Partners (BCEDP)
    Revolving Loan Fund and Business Assistance; Brown County Revolving Loan Fund
    Rob Anderson, Executive Director
    300 2nd Av. SW, Sleepy Eye, MN 56085
    507-794-7992

    Small Business Development Center (University of Minnesota/Mankato SBDC)
    1536 Warren St., Mankato, MN 56001
    507-389-8875
    https://www.myminnesotabusiness.com/

    504 Corporation
    Loan Program
    Mary Oudekerk, Senior Business Development Officer
    1961 Premier Dr. Suite 202, Mankato, MN 5+6001
    507-625-6056 or 800-749-9015
    mary@504corporation.com
    http://504corporation.com/

    Southern Minnesota Initiative Foundation (SMIF)
    Business Loans, Small Enterprise Loans
    Diane Lewis, Business Lending Director
    525 Florence Av., P.O. Box 695, Owatonna, MN 55060-0695
    507-455-3215 X 115
    dianel@smifoundation.org
    https://smifoundation.org/

    Region Nine Development Commission (R9DC)
    Micro-Enterprise Loan Funds; Revolving Loan Funds
    10 Civic Center Plaza, Suite 3, P.O. Box 3367, Mankato, MN 56002
    507-387-5643 or 800-450-5643 and 507-387-7105 fax
    rlf@rndc.org
    https://www.rndc.org/

    City of New Ulm/Economic Development Authority (EDA)
    Rehabilitation Loan Program; Limited Loan Program
    David Schnobrich, Community Development Director City of New Ulm
    100 N. Broadway St., New Ulm, MN 56073
    507-359-8245
    david.schnobrich@ci.new-ulm.mn.us
    https://www.ci.new-ulm.mn.us/

    New Ulm Economic Development Corporation (NUDEC)
    Preservation Easement Program
    1 N. Minnesota St., New Ulm, MN 56073
    507-233-4305 or 507-276-9729
    nuedc@newulmtel.net

    For Designated Historic Properties

    Federal Programs

    National Park Service (NPS)
    Federal Tax Credits for Rehabilitating Historic Buildings/Main Street Commercial Buildings; Historic Preservation Tax Incentives Program
    National Park Service
    1849 C St. NW, Washington, DC 20240
    (202) 513-7156
    https://www.nps.gov/tps/

    National Trust for Historic Preservation (NTHP)
    National Trust Preservation Funds
    The Watergate Office Building
    2600 Virginia Av. NW, Suite 1100, Washington, DC 20037
    202.588.6000 or 800.944.6847
    https://savingplaces.org/

    State Programs

    Minnesota Historical Society (MNHS)
    Certified Local Government Grants; Historical and Heritage Grants; Historic Structure Rehabilitation Grants
    345 W. Kellogg Bl., St. Paul, MN 55102
    651-259-3000 or 800-657-3773
    webmaster@mnhs.org
    http://www.mnhs.org/

    Preservation Alliance of Minnesota (PAM) and the Minnesota Main Street Program (MMS)
    Purchase Options; Investment Partnerships
    416 Landmark Center, 75 W. 5th St., St. Paul, MN 55102
    651-293-9047
    info@mnpreservation.org
    http://www.mnpreservation.org/

    Local Programs

    City of New Ulm/Heritage Preservation Commission (HPC)
    Signage and Awning Grant Program
    Ellwood Zabel, Building Official, City of New Ulm
    100 N. Broadway St., New Ulm, MN 56073
    507-359-8245
    ellwood.zabel@ci.new-ulm.mn.us
    https://www.ci.new-ulm.mn.us/         

    City of New Ulm/Economic Development Authority (EDA)
    Rehabilitation Loan Program; Limited Loan Program
    David Schnobrich, Community Development Director, City of New Ulm
    100 N. Broadway St., New Ulm, MN 56073
    507-359-8245 
    david.schnobrich@ci.new-ulm.mn.us
    https://www.ci.new-ulm.mn.us/

     

    Additional Incentives & Assistance for Historic Buildings

    Design and Sign Assistance

    Offered by the Minnesota Historical Society through the Minnesota Main Street program. New Ulm is a designated Minnesota Main Street community. 

    Store Front Schematic Drawings:
    Historic preservation of our downtowns and traditional commercial districts is one of the primary cornerstones to long-term and sustainable economic development within our communities. In order to help maintain, strengthen, and capitalize on a community’s historic resources, the Minnesota Main Street Program offers design assistance to individual property and business owners whose Main Street is one of the Designated Minnesota Main Streets.

    Storefront re-envisioning can provide helpful design assistance to property and business owners. Ideas presented in these illustrative drawings can help property and business owners envision what the design and preservation possibilities can be for their property. Additionally, schematic façade drawings can be used to raise funds for the rehabilitation of a significant historic building, market the possibilities of a for-sale building, recruit new businesses to vacant storefront, and demonstrate revitalization progress on your Main Street.

    The design assistance provides important information and recommendations on exterior façade improvements that will improve the appearance and visibility of the building and business while also maintaining the historic integrity of the building and making it functional for the owner’s current needs. The design assistance includes either an on-site visit at the building or phone interview with the property/business owner and the local Main Street manager (or design committee representative). All recommendations follow the Secretary of Interior’s Standards for Rehabilitation.

    In order to be eligible to receive design assistance, a property/business owner’s building must be within the local Main Street area and be zoned for commercial or mixed-use. The building does not have to be considered “historic” in order to be eligible. Individual owner-occupied residences are not eligible to receive design assistance.

    Sign Assistance:
    Similar to storefront design services, sign assistance can provide helpful design assistance to property and business owners. Ideas presented in these illustrative drawings can help property and business owners envision what the sign possibilities can be for their property. In order to be eligible to receive design assistance, a property/business owner’s building must be within the local Main Street area and be zoned for commercial or mixed-use. The building does not have to be considered “historic” in order to be eligible. Individual owner-occupied residences are not eligible to receive design assistance.

    Conditions of Service
    Minnesota Main Street Design Assistance is available to designated Minnesota Main Street Communities only. Applicants receiving design services are required to share final project costs, information, and photographs with Minnesota Main Street program. Minnesota Main Street Design Services are preservation-based recommendations that follow the Secretary of Interior’s Standards for Rehabilitation as developed by the National Park Service.

    Any drawings that may be provided to the applicant are for illustrative purposes only and are not for construction. Design services by Minnesota Main Street are artist renderings and do not take the place of services provided by a registered architect. Minnesota Main Street is not responsible for the non-discovery of any defects in material, workmanship, or other conditions of the property. The property owner/applicant should consult with licensed professionals before embarking on any of the design ideas illustrated. Minnesota Main Street design assistance does not guarantee approval nor does it constitute formal comment of a project under either the state or federal rehabilitation tax credit review process, does not fulfill review requirements pursuant to Minnesota state statute 138 or section 106 of the National Historic Preservation Act, and does not supplant local review authority. There are a limited number of design services that can be requested each year by a designated Main Street Community.

    For more information, contact Laura Kindseth, Design Reviewer, Minnesota Historical Society Heritage Preservation, at 651-259-3463 or 
    laura.kindseth@mnhs.org

    Historic Preservation Tax Credits
    Administered by the National Park Service and the Internal Revenue Service in partnership with State Historic Preservation Offices.

    Historic Preservation Tax Credits are available to building owners interested in substantially rehabilitating historic buildings. Certified commercial structures that are within a National Register of Historic Places district could qualify for a 20% federal investment tax credit as well as a matching 20% state tax credit.
    For more information about the federal tax credits go to: https://www.nps.gov/tps/tax-incentives.htm
    For more information about Minnesota’s program go to: https://mn.gov/admin/shpo/incentives/state/

    Facade Easement
    Offered through the Preservation Alliance of Minnesota.

    Through a program of the Preservation Alliance of Minnesota, a building facade can be donated to the organization and leased back to the building owners to provide preservation tax benefits. The program is most beneficial for historic buildings requiring major investment. For more information contact the Preservation Alliance of Minnesota at www.mnpreservation.org or call (651) 293-9047.

    National Trust Preservation Loan Fund
    Offered by the National Trust for Historic Preservation

    The National Trust for Historic Preservation issues grants to increase the flow of information and ideas in the field of preservation, stimulate public discussion, enable local groups to gain the technical expertise needed for particular projects, introduce students to preservation concepts and crafts, and encourage participation by the private sector in preservation. For more information contact The National Trust at www.nationaltrust.org or call 1-800-944-6847.

    Source: City of New Ulm Downtown Preservation Design Guidelines
    https://www.ci.new-ulm.mn.us/vertical/sites/%7B1E9156B6-EE87-4ADE-9BB6-37AF3590FA0E%7D/uploads/New_Ulm_Guidelines_HighRes_6-12-18_Updated.pdf