Minn. Stat. § 469.192

A statutory city, a home rule charter city, an economic development authority, a housing and redevelopment authority, or a port authority may make a loan to a business, a for-profit or nonprofit organization, or an individual for any purpose that the entity is otherwise authorized to carry out under sections 116J.415 , 469.001 to 469.068 , 469.090 to 469.1081 , 469.124 to 469.133 , 469.152 to 469.165 , or any special law.