CAPITAL CITY PROPERTIES

St. Paul MN


Capital City Properties (CCP), a wholly owned subsidiary of the St. Paul Port Authority (SPPA), has a mission of restoring blighted properties, undertaking economic and community development initiatives, and encouraging business expansion in St. Paul. The SPPA creates “business centers” in distressed communities, and it is in these areas that the NMTC allocation will be used as an additional incentive to encourage both business relocation and expansion. CCP will be partnering with Employer Solutions, Inc (ESI), who will provide financial counseling and other services to targeted businesses, and recruit and train low-income persons for job placement at the newly financed businesses.

CDFI Awards for CAPITAL CITY PROPERTIES


NMTC (2008) - $15,000,000

Capital City Properties (CCP), a wholly owned subsidiary of the St. Paul Port Authority (SPPA), has a mission of restoring blighted properties, undertaking economic and community development initiatives, and encouraging business expansion in St. Paul. The SPPA creates a€œbusiness centersa€ in distressed communities, and it is in these areas that the NMTC allocation will be used as an additional incentive to encourage both business relocation and expansion. CCP will be partnering with Employer Solutions, Inc., who will provide financial counseling and other services to targeted businesses, and recruit and train low-income persons for job placement at the newly financed businesses.



Other Community Development Financial Institutions in Minnesota

WomenVenture
St. Paul





Featured Government Grant Resources


Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program

The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.







Secondary Market Lending Authority Program

The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.




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