With Boost from UnitedHealth, Lake Street Council Awards $750K to Health Businesses
Ten health-oriented businesses in South Minneapolis are the latest recipients of grant money from the Lake Street Council.
On Thursday, the council announced that it has provided $750,000 to 10 businesses along Lake Street through the “Healthy Lake Street Fund.” Minnetonka-based health insurer UnitedHealth Group provided money for the new health-focused fund.
Recipients will use the funds to reopen, relocate, or expand, Lake Street Council officials said in a news release. This marks the first round of funding from the new fund. The council’s website says that “additional funding from the Healthy Lake Street Fund may be made available in the coming months.”
The ten small businesses are:
- Apex Dental Systems
- Chicago Lake Dental
- Comunidades Latinas Unidas En Servicio (CLUES)
- Diamonds Home Health Care
- Midtown Eye Care
- Healing Path Wellness Services PA
- Neighborhood Development Center
- Nicholas Zimet, L.Ac. Acupuncture
- Premier Health of South Minneapolis
- Seward Pharmacy
In the release, Lake Street Council executive director Allison Sharkey said these businesses provide “essential health services and goods” for the area.
The council provided grants for up to $100,000 for each business.
“Ensuring that everyone has access to the physical and mental health resources they need is critical to the collective health and success of a community,” said Dirk McMahon, UnitedHealth Group’s president and chief operating officer.
Since the uprisings in the wake of George Floyd’s death last year, the Lake Street Council has provided millions of dollars in grants to local businesses. In June 2020, the council said that it raised more than $6.2 million through its “We Love Lake Street Recovery Fund.” Since then, the council has doled out $5.6 million of that total to more than 350 businesses.