Sunday, October 4, 2015
Businesses in Minnesota To Receive a Share of $2.7 million in State Funding
Who is eligible
Non-profit organizations that provide business assistance to targeted groups such as women, minorities, rural residents, innovative startups, entrepreneurs and inventors are eligible for two-year grants that are being offered through the state's Business and Community Development Competitive Grant Program. A total of 11 non-profits have received grants from the program.
The grants ranged from $84,000 to $420,000. The companies who were awarded grants offered services that included small-business training and consultation in low-income neighborhoods, assistance to businesses owned and managed by entrepreneurs of color, training and technical assistance to African immigrants and refugees, and assistance to women entrepreneurs, low-income entrepreneurs and women-owned businesses.
The Minnesota Department of Employment and Economic Development (DEED) is the state’s principal economic and community development agency.
For more information on grants, visit mn.gov/deed/