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Minnesota Small Business Relief Grants Program

Grants to Minnesota Small Businesses for
Support During the Coronavirus Crisis

Agency Type:

State

Funding Source:

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Minnesota Department of Employment and Economic Development (DEED)

Deadline Date:

07/02/20 5:00 PM

Description:

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Grants of $10,000 to Minnesota small businesses for support during the Coronavirus (COVID-19) health crisis. Funding is intended to assist businesses that face economic hardship resulting from the pandemic. Grants may 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.

GrantWatch ID#:

GrantWatch ID#: 190674

Estimated Total Program Funding:

$60,300,000

Estimated Size of Grant:

$10,000

A minimum amount of funds must be awarded as follows:
- $18 million for businesses with six or fewer full-time workers.
- $10 million for minority business enterprises.
- $2.5 million for businesses that are majority-owned and operated by veterans.
- $2.5 million for businesses that are majority-owned and operated by women.
- $2.5 million for operators of indoor retail and food markets with an ethnic-cultural emphasis.

Additional Eligibility Criteria:

To qualify, an applicant must:
- Be a private for-profit business that has a permanent physical location in Minnesota.
- Be majority-owned by a permanent resident of Minnesota.
- Be in good standing with the Minnesota Secretary of State and the Minnesota Department of Revenue as of March 1, 2020.
- Employ the equivalent of 50 or fewer full-time workers.
- Be able to demonstrate financial hardship as a result of the COVID-19 outbreak.
- NOTE: Businesses that received funding under the Small Business Emergency Loan Program (SBEL) are NOT eligible for this program. (However, businesses that received funding through the various Small Business Administration emergency loan programs ARE still eligible for this program.)

In making awards, there are minimum set-asides for various targeted groups and categories of businesses:
- 50% of funds will be available for businesses based in Greater Minnesota.
- 50% of funds will be available for businesses based in the 7-county metro area (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties).

Home-based businesses - except for licensed child care providers - are not eligible.

Businesses that received funding under the Small Business Emergency Loan Program (SBEL) are not eligible for this program. (However, businesses that received funding through the various Small Business Administration emergency loan programs are still eligible for this program.)

Pre-proposal Conference:

DEED will be hosting webinars with information about the Minnesota Small Business Relief Grants.

If you have never attended a teams live event before, you can see instructions on how to join online: https://support.microsoft.com/en-us/office/attend-a-live-event-in-teams-a1c7b989-ebb1-4479-b750-c86c9bc98d84

Schedule of Events

June 25 - 7:00 - 8:00 PM
June 26 - 4:00 - 5:00 PM
June 27 - 10:00 - 11:00 AM
June 28 - 3:00 - 4:00 PM
June 29 - 10:00 - 11:00 AM
June 30 - 7:00 - 8:00 PM

Register at: https://mn.gov/deed/events/relief/index.jsp

Pre-Application Information:

Applications will be accepted for a 10-day period, beginning, Tuesday, June 23 through Thursday, July 2, 2020.

Grant recipients will be selected through a computer-generated, randomized selection process.

The statewide network of Small Business Development Centers are available to provide professional expertise and guidance. Find your local SBDC here: https://mn.gov/deed/business/help/sbdc/index.jsp

An individual business owner should only submit one application and cannot receive more than one grant regardless of how many separate businesses they own or how many business locations are a part of their business(es).

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

A link to the online application form will be open on Tuesday, June 23, 2020.

Direct questions to SmallBusinessGrants@state.mn.us

Minnesota Department of Employment and Economic Development
332 Minnesota Street, Suite E200
Saint Paul, MN 55101

URL for Full Text (RFP):

Geographic Focus:

USA: Minnesota

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