Mpls. Awards $500K in Grants for Small Businesses
The Minneapolis City Council on Monday approved the funding of nearly $500,000 in grants to 15 Minneapolis businesses and organizations.
The grants, which were awarded through the city's Great Streets Neighborhood Business District program, support technical assistance-planning, financial management, and education in legal and tax matters-for small businesses. They also support business recruitment and marketing efforts aimed at bringing customers to a business district.
Twenty-three business associations, community development corporations, and other nonprofit organizations focused on business district revitalization submitted proposals. The following 15 proposals will receive funding:
¥ Catalyst Community Partners: $45,000 for business development and business recruitment near West Broadway Avenue
¥ East Gateway Partnership: $34,320 for public safety initiatives near West Broadway Avenue
¥ Harrison Neighborhood Association: $29,500 for business organizing and technical assistance near Glenwood Avenue and Van White Boulevard
¥ Hennepin Theatre Trust: $50,000 for analysis and planning for commercial space near Hennepin Avenue
¥ Lake Street Council: $30,000 for business recruitment and marketing assistance for businesses in the East, Midtown, and West Lake Street areas
¥ Latino Economic Development Center: $46,750 for technical assistance in the Midtown, East Lake Street, and Central Avenue areas
¥ Longfellow Community Council: $25,645 for real estate and market assessment and the Art in Vacant Storefronts initiative near East Lake Street
¥ Lowry Ave North Collaborative: $30,588 for real estate and market analysis and business organizing in the Penn and Lowry avenues, Emerson and Lowry avenues, and Lyndale and Lowry avenues areas
¥ Neon: $35,000 for business technical assistance in the West Broadway Avenue, Penn and Lowry avenues, Emerson and Lowry avenues, and Lyndale and Lowry avenues areas
¥ Nicollet East Harriet Business Association: $15,250 for construction mitigation, business technical assistance, and marketing
¥ Seward redesign: $42,245 for business recruitment, business, and property owner technical assistance near Franklin Avenue by the Hiawatha light-rail line
¥ University Area Business Associations: $30,000 for construction mitigation, business technical assistance, and district marketing near Cedar Avenue, Riverside Avenue, and the Hiawatha light-rail stations near the West Bank, 29th Avenue, and the East Bank
¥ Uptown Association: $9,025 for business education and the Adopt-a-Block program at the Uptown Activity Center
¥ West Bank Business Association: $30,000 for communication, marketing, and media technical assistance
¥ West Broadway Coalition: $46,550 for Web and social media technical assistance, membership drive, networking for businesses, and business resource brokering
Since the Great Streets Neighborhood Business District program was created in 2007, more than 250 businesses have received technical assistance in marketing, bookkeeping, product mix, licensing and code requirements, and business planning. The program is funded by the city, and grants of up to $50,000 per recipient are given out annually.