Northshore Business Enterprise Center

The Northshore Business Enterprise Center (NSBEC) is a $1.2 million project in Two Harbors, Minnesota designed to offer small and expanding businesses a place to grow.

Through a joint effort between CLP and the Rural Economic Development Loan & Grant Program, we were able to secure a $400,000, 0% interest loan for the NSBEC. Without this aid, the NSBEC would never have been a reality. The funding assisted in the development of the center; more importantly, it was an anchor to secure the additional funds needed to complete the project.

This particular project has created a revolving loan fund that is administered by CLP. This means that when the NSBEC has paid back all or part of the loan, it will go into a loan fund for future economic development projects in the communities we serve. For more information on obtaining funds from the revolving loan fund, please contact Steve Wattnem at (218) 834-2226.

The NSBEC is ideal for Technology Companies, Light Manufacturing, and Research & Development departments. The NSBEC offers companies affordable space, technical assistance, support services and a central location.

Through a partnership between NSBEC and the University of Minnesota Duluth Center for Economic Development, companies can enjoy the benefit of assistance with Market Research, Business Planning, Loan Packaging, New Product Development and Management Assistance. The building is also equipped with such technology as T1 lines and video conferencing for the companies to utilize.

For more information on locating your business at the NSBEC, contact Mike Valentine (218) 834-3489 or visit their website at www.nsbec.com.