Business Assistance
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Below is an overview of some of the local and regional business services. Further information can be found by downloading Glencoe’s new business handbook or by calling the Chamber of Commerce office at 320-864-3650.
The goal of the City of Glencoe and the Glencoe Area Chamber of Commerce is to foster growth for new and existing businesses. Plain and simple, we are committed to seeing your business succeed.
LOCAL FINANCING - The community is fortunate to have three community-based financial institutions offering commercial lending to local businesses.
- First Minnesota Bank (320) 864-3161 – Visit their website.
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MidCountry Bank (320) 864-5541 – Visit their website.
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Security Bank & Trust Company (320) 864-3171 – Visit their website.
MINNESOTA COMMUNITY CAPITAL FUND - As a member of the Minnesota Community Capital Fund (MCCF), Glencoe is also in the position to offer important gap financing to secure a wide range of business lending opportunities. MCCF is a statewide revolving loan fund that makes use of underutilized local Revolving Loan Fund (RLF) capital.
MINNESOTA DEPARTMENT OF EMPLOYMENT & ECONOMIC DEVELOPMENT - The department is the state’s principal economic development agency, with programs promoting business recruitment, expansion, and retention; workforce development; international trade; and community development. Visit their website.
SOUTHWEST INITIATIVE FOUNDATION - The mission of the foundation is to be a catalyst, facilitating opportunities for economic and social growth by developing and challenging leaders to build on the region’s assets. For more than 20 years, the Southwest Initiative Foundation provided gap financing for new and expanding businesses. Visit their website.
MID-MINNESOTA DEVELOPMENT COMMISSION - Serving Kandiyohi, McLeod, Meeker and Renville Counties, the organizations oversees a revolving loan program for individual loans up to $100,000 that can be used for real estate, equipment and working capital. Visit their website.
RIDGEWATER COLLEGE - CENTER FOR CUSTOMIZED EDUCATION - The Center for Customized and Continuing Education plays a significant role in helping local companies with their training and educational needs. A trained specialist will help in assessing needs and designing customized programs. Visit their website.

