Big or small, the Saint Paul Port Authority helps its customers do it all – from business expansion and equipment financing to advice landing a local lender to serve a company’s unique needs.

We provide businesses with the capital they need to expand, creating even more jobs and contributing to the health and prosperity of the community. We are proud of our creative, client-based financing solutions. No problem is too tough for us to solve.

• New Markets Tax Credits. For the first time in 2008, the Port Authority received its own allocation of $15 million in tax credits, which are given to investors who put up money to fund business-expansion loans in depressed areas. In 2011, the Port received a $14 million allocation as part of the $3.5 billion that the Community Development Financial Institutions Fund (CDFI) allocated to 99 programs nationwide.
• Tax-Exempt Industrial Development Bond product, which offers manufacturers below-market rate financing for the purchase of fixed assets
• Business Development Finance product, which supports job creation and growth by assisting manufacturers in purchasing or renovating real estate and equipment.
• Trillion BTU Energy Efficiency Loan Program. Revolving loan program that leverages public and private money to help businesses make improvement to lower their energy costs.

For more information, call Bruce Gehrke 651-204-6238 or Peter Klein at 651-204-6211. You can email Bruce at bhg@sppa.com or Pete at pmk@sppa.com