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Posted on: June 22, 2020

DEED Launches Small Business Relief Grant Program on June 23rd

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The Minnesota Department of Employment & Economic Development (DEED) is launching the Small Business Relief Grant program on June 23. The program will make available $10,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak.

A total of 60.3 million is available for grant awards, which will be selected through a computer-generated, randomized selection process. Awards will be distributed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 1, 2020, in the regular course of business. These are grants and no repayment will be required.

Applications will be accepted by law for a 10-day period beginning Tuesday, June 23 through Thursday, July 2. Meanwhile, businesses are encouraged to review eligibility criteria, see frequently asked questions, and see what types of questions will be on the application by visiting https://mn.gov/deed/business/financing-business/deed-programs/relief/. Businesses with questions can also contact DEED directly by emailing SmallBusinessGrants@state.mn.us."

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