Capital. Innovation. Success.

For more than 40 years, MMCDC has been providing capital resources and innovative ideas to assist in successful business and community development throughout Minnesota and the Midwest. We provide financial assistance to businesses for the creation of jobs, to communities for new development, and to individuals for home ownership, as well as other services.

We offer business loans ranging from $5,000 to $20,000,000. We identify community needs and create solutions, including the development of apartment buildings, homes with affordable payments and new subdivisions. We manage, build and restore buildings for affordable rental housing. We provide affordable loans for home purchase, remodel and refinance. We are committed to creating housing solutions for first-time home buyers and others in rural Minnesota so that they can purchase affordable new homes.

This institution is an equal opportunity provider and employer.

Graystone Hotel Centennial: Come and Celebrate With Us!

An open house marking the 100th anniversary of The Graystone Hotel will be held 2-4 p.m. Thursday, Sept. 21, at 119 Graystone Plaza, Detroit Lakes, MN.

2 p.m. Tours 3 p.m. Speakers Music by Heart O’Lakes Harmony Quartet Car Display by Antique Auto Group Becker County Historical Society Exhibit

A complete story with photos can be found in the Detroit Lakes Newspapers online.

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Office Space Available for Rent

Be a part of history! Offices for rent on main level of Historic Graystone Hotel and Annex buildings, offering downtown Highway 10 frontage in Detroit Lakes, MN. One office features 1,000 square feet of finished space; second offers 1,750 square feet, which may be subdivided. Contact Laura McKnight for details.

MMCDC is an equal opportunity provider, employer and lender.

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International Market Plaza opens

A dream became reality in 2017, when the International Market Plaza opened in Fargo, ND.

With encouragement from MMCDC, the staff and board of directors at the Immigrant Development Center (IDC) of Fargo-Moorhead worked for years toward the opening of a market similar to those in their home countries. In their collective mind’s eye, they saw a grouping of restaurants and retail stores around an enclosed courtyard, where community members could gather to visit, eat and shop.

That vision is not far from the reality taking shape at 1345 Main Ave., Fargo. IDC purchased and remodeled 6,500 square feet of the existing building, and has found 10 new tenants. The result is a

rich ethnic mix of goods and services, including retail shops, two restaurants and a coffee shop coming later, along with the existing Tae Kwon Do studio. Services include hair cutting, henna tattoos, and sewing.

MMCDC provided affordable, flexible loans totaling $420,000 toward the $1.1 million project. A federal grant to IDC also contributed to financing for the building. Key to receipt of the grant was the potential to repurpose up to 25,600 square feet of underutilized commercial space, and add 57 new jobs and 16 new businesses in a low-income neighborhood, with a 33 percent poverty rate and a median family income of just 55.7 percent of the average area median family income.

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How can we help you?

Capital. Innovation. Success.

MMCDC News

Graystone Hotel Centennial: Come and Celebrate With Us!

Office Space Available for Rent

International Market Plaza opens

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