Minnesota Job Creation Fund

The Minnesota Job Creation Fund (JCF) is a pay-for-performance grant program run by the Minnesota Department of Employment and Economic Development (DEED). It is designed for businesses that are expanding operations or relocating into Minnesota, particularly in manufacturing, warehousing, distribution, and technology sectors.

Unlike upfront grants, JCF funding is paid only after a company meets agreed-upon job-creation and capital-investment milestones. To qualify, a business generally needs to make a significant capital investment—at least $500,000—and create at least 10 new jobs. Awards can reach up to $1,000,000, though the exact amount depends on the scale of the project and negotiated performance targets.

Because this is a performance-based program, applicants typically need to secure local government support as part of the process, reflecting the state's interest in partnering with municipalities on major economic development projects. This makes the program most relevant to established or growing businesses undertaking a substantial expansion or relocation project, rather than very small startups seeking modest working capital.

For a small-business owner, this program matters because it offers a potentially large infusion of funding tied directly to measurable growth outcomes—job creation and investment—rather than a lump sum with no strings attached. However, since it is pay-for-performance, businesses need to be prepared to make the investment and hire staff before receiving funds tied to those milestones.

Application rounds and specific award amounts can change, so applicants should check DEED's official Job Creation Fund page for the current round status, eligibility details, and deadlines. As of 2026, the program summary notes that current award amounts and open rounds should be confirmed directly at the state site.