Minnesotan-owned small businesses with 50 or fewer full-time employees that can demonstrate financial hardship as a result of the COVID-19 outbreak are eligible to apply for a $10,000 grant. A total of $60.3 million is available for grant awards which will be selected through a computer-generated, randomized selection process.
Awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 1, 2020, in the regular course of business. These are grants and no repayment will be required.
Applications for the Small Business Relief Grant Program are now open and will be accepted until 5:00 p.m. on Thursday, July 2. Please follow the link below for more information and to apply: https://mn.gov/deed/business/financing-business/deed-programs/relief/