How large must our organization or community be in order to become a MCCF member?
There is no minimum size eligibility requirement for organizations or communities to become members of the MCCF. In fact, the Fund is designed for and encourages the participation of communities of all sizes, as well as multi-community and regional economic development organizations that want to increase their development financing capacity.The funds we have available locally to join MCCF were originally received from the Minnesota Department of Employment and Economic Development (DEED) under the Minnesota Investment Fund grant program. These funds were loaned to a local business and the repayments are being used to capitalize our local revolving loan fund (RLF). Can I use this money to join MCCF?Yes. The State Legislature enacted an amendment to Minn. Statute 116J.8731, subd.2 in 2002 that specifically authorizes local government units to do so.
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- How large must our organization or community be in order to become a MCCF member?
