The city also has satellite locations for Dakota County Technical College (DCTC), Saint Mary's University, and Inver Hills Community College at the Partners in Higher Education campus. This unique campus offers continuing education and training for businesses and their employees, allowing busy working adults to earn their degrees faster.
Small Business Administration Loan Programs
If you own a small business and are struggling in this difficult economy, there may be a small business administration (SBA) program that can help you stay in business and succeed. The SBA has rolled out several loan programs as part of the 2009 Recovery Act. These include changes to guarantees on SBA loans, elimination of certain fees, expansion of the microloan program, and the new America's Recovery Capital (ARC) loan program that can provide up to $35,000 for stressed businesses. For more information, please visit the Small Business Administration or call (612) 370-2324.
Tax Increment Financing The Economic Development Authority (EDA) is the authorizing body for tax increment financing (TIF), which is a tool to attract development, create employment opportunities, and assist in redevelopment financing. The EDA has used TIF and other business development subsidies in the past for larger developments that have contributed substantially to the employment base of Apple Valley. Learn more about how TIF works at the Minnesota House of Representatives.