News

Nearly $3M in Grants Awarded to Nonprofits Helping Startups, Entrepreneurs

The grants are given out every two years as they are approved by the state legislature.

Sixteen nonprofit groups providing assistance to startups and entrepreneurs in Minnesota were recently awarded two-year grants totaling $2.71 million from the state’s Department of Employment and Economic Development (DEED).
 
The Business Development Competitive Grant Awards, which are organized by DEED and approved during each legislative session, aim to fund organizations helping women, minorities, rural residents and technology-based companies as they build their business.
 
Recipients of the grants will receive funding during the State of Minnesota’s fiscal 2018 and 2019 years.
 
The following groups were awarded funding for that period of time:
 
  • African Development Center (Minneapolis) — $230,000
  • Central Lakes College Small Business Development Center (Brainerd) — $72,000
  • Enterprise Minnesota (Minneapolis) — $150,000
  • Entrepreneur Fund (Duluth) — $200,000
  • Greater Bemidji (Bemidji) — $130,000
  • Hmong American Partnership (St. Paul) — $76,000
  • Leech Lake Financial Services (Cass Lake) — $100,000
  • Metropolitan Consortium of Community Developers (Minneapolis) — $320,000
  • Metropolitan Economic Development Association (Minneapolis) — $150,000
  • Minnesota High-Tech Association (Minneapolis) — $100,000
  • Northside Economic Opportunity Network (Minneapolis) — $210,000
  • Red Lake Band of the Chippewa Indians Entrepreneur Development Program (Red Lake) — $70,000
  • Southern Minnesota Initiative (Owatonna) — $160,000
  • Southwest State University Small Business Development Center (Marshall) — $172,000
  • University of Minnesota Duluth Center for Economic Development (Duluth) — $200,000
  • WomenVenture (St. Paul) — $370,000
 
“These groups help small businesses, entrepreneurs and disadvantaged populations get the tools they need to succeed in the business marketplace,” said DEED commissioner Shawntera Hardy in a statement.
 
Hardy added that the support from the grants would ultimately help create “new jobs, new businesses and a healthier economy.”