CORE Grant Application Form

CORE Grant Application

Applicants must be for-profit businesses in the Capitol area in MN only
(click here for The Capitol Area Map with boundaries)
Applicant Information

(Details of the business entity that is applying for this grant)
Legal Name of the Business Entity Applying*
e.g. John Doe (sole prop), John & Jane Doe Dentists, LLP, or JJD Dental, Inc.
Applying as*

Sole ProprietorPartnershipLimited Liability CompanyCorporationOther
Choose your industry*
Name of Business Owner completing this information*

PrefixFirst NameMiddle NameLast Name
Business Address*

Street Address

Street Address Line 2

CityState

Zip Code
Contact Phone Number of Business Owner (Applicant)*
E-mail of Business Owner*
jjdoe@example.com
Business Profile (check all that apply)

New BusinessExisting BusinessRelocating to Capitol AreaOwn PropertyLease Property
If you lease, when does your current lease term expire?
If applicable, please add lease agreement and written property owner consent.

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How long has your business been operating at this location?*
Property Identification Number (PID) if applicable
This information is on our property tax statement
Upload required insurance certificate*

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Project Summary and Scope of Work

(Details of the project, grant request, budget, and project timeline)
Project Scope of Work: Provide a detailed description of the proposed capital improvement, including the specific physical improvements to be completed, the purpose and necessity of the project, and the anticipated outcomes. Describe how the project will benefit the business and its workforce and how it will enhance community conditions, customer experience, neighborhood safety, and economic vitality within the Capitol Area.*
e.g. exterior facade improvement, ADA-compliant modifications, new roof, New HVAC, installing new equipment, remodeling, installing storm windows, siding repair, parking lot resurfacing, office space renovation, new construction, installing security system, mordenizing common areas, etc.
Amount Requested*
Request should be between $50,000 and $150,000
Upload 3 bids*

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Budget (sources and uses)

	Budget
CORE Grant
Owner Equity (cash)
Loans
Other Funding
Total Sources
Total Capital Improvement Cost (Use)

Option to upload budget or timeline

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Project Timeline (date can be specific or an estimate. Project can not start before the contract is executed.)

	Due Date	Comments
Contract Execution
Design & Permitting
Construction Start
Construction Completion
Final report and Reimbursement Request
Other (if need to add additional info)

Core Grant Application - Page 2
Application Evaluation and Reporting

Applications will be reviewed based on alignment with the CORE Grant Program purpose of supporting for-profit businesses through capital improvements that promote growth, modernization, and long-term economic vitality in the Capitol Area. Priority will be given to projects that demonstrate clear economic benefit, including impacts on employment, property values, and business sales. Grantees will be required to report baseline and post-award data on employment, property value, and sales tax indicators to support program evaluation and accountability. (See Program Guidelines at the end of the application for an application scoring matrix.)
Employment

Employees - Enter your current number of employees and the type of wage paid with an X.

	Number of Employees	Minimum Wage	Living Wage (23.17 per hour)	Salary
Full Time (40 hours a week)
Part Time
Contract Employee
Interns

How will the capital improvement impact employment?*

job reductionjob retentionjob creation
Explain how the capital improvement will impact employment:
Property Value
Current Market Value (located on property tax statement)
Current Business Sales *
How will the capital improvement impact property value and/or sales? Do you anticipate a reduction in value or sales, preservation, or growth.*
Grant Alignment
Summarize how the project aligns with the grant purpose? The grant is for new or existing for-profit business making capital improvement in Capitol area supporting economic development. Measuring economic development by jobs, tax base, or sales. *
Economic Vitality
Describe the business’s organizational and management structure, length of operations, and financial oversight practices, including whether financial statements are audited, reviewed, or prepared internally.*
(e.g. legal counsel, accounting, HR, IT, Sales, Production, Marketing, etc.)
Please provide financial statements for the last 3 years to evaluate profits, debt burden and assets. (or attach the 3 most recent (filled) tax returns).*

e.g. 2024, 2023 and 2022 filed taxes
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Please provide your net operating income from your most recent taxes: *
in $ - e.g. $600,000 or $27,000,000 or -$5625.25
Please provide your total required monthly debt (principal and interest) payment from your most recent taxes:*
in $ - e.g. $15,200 or $2,700.63 or $0
Please provide your total equity in your business from your most recent taxes:*
in $ - e.g. $72,650 or $105,700 or $5,000
Please attach your business debt schedule

Use provided template to fill out to completion your debt schedule before you attach it.
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Core Grant Application - Page 3
Financial Outlook: Please attach your business plan showing 3-5-year cash flow projections.*

e.g. 2024, 2023 and 2022 filed taxes
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Community and Capitol Area Benefit
Describe the community value of your business, including the populations you serve, the need your business fulfills, and your involvement in the community (e.g., hosting community events, participating in neighborhood associations, or other neighborhood-based activities).*
Will the proposed improvement enhance the customer/community experience by increasing vibrancy, accessibility, or a sense of safety?

NoYes
If yes, explain
Please use this space to provide photographs of existing conditions and any available design plans or visual concepts for the proposed improvement (optional).

e.g. photos, videos, newsletters/paper cut-outs, etc.
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Does a similar type of business exist in the area? (e.g. Yes, there are other restaurants in the area.)

NoYes

CORE Grant Application - Page 4
Inclusion
Business or Contractor Ownership: Check all that apply (optional)
*If you selected other, please describe.
How will this improvement benefit your business financially over time? Is this improvement essential to current operations or intended to support future growth? Please explain how it affects business income, stability, or resilience in the future.*
Declarations
By signing this Application, the undersigned (the “Applicant”) hereby declares under penalty of perjury under the laws of the State of Minnesota all of the following:
2. CORE Grant Program Guidelines (the “Guidelines”).
Signature

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If you submit a grant application on our website, we will ask you for information about yourself and your business. The Port Authority collects this information to decide if you are eligible for a grant award, to coordinate services provided to you, and to improve our grant programs by analyzing data about the performance of our grant programs. Your information may be shared with other government entities who have a legal right to this data, including Minnesota Department of Administration and its third party contractors it uses in order to provide services. Your information may also be shared by court order or provided to a state or legislative auditor upon request. See the Tennessen Warning @sppa.com/coregrant for more details.
Should be Empty:

CORE Grant Application

Applicant Information

Project Summary and Scope of Work

Application Evaluation and Reporting

Employment

Property Value

Grant Alignment

Economic Vitality

Community and Capitol Area Benefit

Inclusion

Declarations