Senator Hawj votes for Small Business Grants

St. Paul, Minn.— Senator Foung Hawj (DFL-St. Paul), a strong advocate for area small businesses and especially cultural malls, voted for legislation that provides $62.5 million in grants for small businesses impacted by the COVID-19 pandemic. Yesterday, Governor Walz signed the legislation into law.

“With the COVID-19 pandemic continuing to impact Minnesota, it’s incredibly important that we continued our work to deliver economic relief to our communities and small businesses that have been hit the hardest in these challenging times,” said Sen. Hawj.

The legislation approving grants for small businesses includes $60 million from the federal CARES Act and $2.5 million from the Minnesota Department of Employment and Economic Development’s Emergency Loan Program. The focus of these funds will be on Minnesota’s smallest businesses, many of which are not as well-connected with private banks and were required to operate at 50 percent capacity or less as of May 18. The funds will be evenly split in their allocation to Greater Minnesota- and Metro-area businesses. 

Under the bill, small businesses with 50 or fewer employees can receive grants up to $10,000 each. To be eligible, the business must meet the following requirements:

  1. Have a permanent physical location in Minnesota
  2. Be owned by a permanent resident of MN
  3. Be in good standing with the Sec. of State’s office and the Dept. of Revenue as of March 1, 2020
  4. Demonstrate financial hardship as a result of the COVID-19 pandemic.

More information, including grant applications, will be available in the coming weeks at https://mn.gov/deed/

Senator Foung Hawj
Foung Hawj represents District 67, which includes the east side of Saint Paul in Ramsey County in the central Twin Cities metropolitan area.

Learn more about Sen. Hawj.

Read more news from Sen. Hawj.
Senator Foung Hawj on EmailSenator Foung Hawj on FacebookSenator Foung Hawj on Flickr