ST. PAUL, Minn. – The Minnesota Department of Employment and Economic Development (DEED) has announced that the Minnesota Small Business Relief Grants Program will begin accepting applications on Tuesday, June 23 until 5:00 p.m. on Thursday July 2. This program will provide $10,000 grants to small businesses with 50 or fewer full-time employees that have been impacted by the COVID-19 pandemic. Half of the funding will go to businesses in Greater Minnesota and half to businesses in the seven-county Twin Cities metro area, as required by law.
“Our small businesses are the bedrock of our communities, and many of them have been forced to close to protect their employees and customers during this pandemic,” said Senator David Tomassoni (DFL-Chisholm). “These businesses have done nothing wrong, but many are struggling with the effects of COVID-19. These grants are an essential lifeline that can help those who are struggling right now, and can be a temporary bridge as we begin to reopen and take the next steps during this crisis. I encourage anyone who qualifies to apply for these beginning Tuesday.”
A randomized, computer-generated lottery process will be used to select eligible businesses that will receive awards. All awards will be administered by qualified local and regionally based nonprofit agencies, and the grant funds can be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar business expenses.
To be eligible, businesses must have a permanent physical location in Minnesota and be majority owned by a permanent resident of Minnesota. Businesses must be able to demonstrate hardship as a result of the COVID-19 outbreak. Additional eligibility requirements and application information can be found online at DEED’s Small Business Relief Grants page.