bill<\/a> to provide $62.5 million in small business grants (not loans) of up to $10,000. Governor Walz is expected to sign.<\/p>\nOf the total, half will be distributed to Greater Minnesota businesses through the Initiative Foundations. Businesses with 50 or fewer FTE and who can demonstrate financial hardship as a result of COVID-19 will qualify. The bill also provides specific minimum funding amounts that must go to businesses with six or less employees and businesses that are minority-owned, women-owned, or veteran-owned.<\/p>\n
More details and applications will be forthcoming. It is anticipated that since requests will outstrip available funding, grants will be awarded on a lottery system. Stay tuned to the Greater Mankato Growth blog for further updates.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Minnesota Legislature on the first day of their special session passed a bill to provide $62.5 million in small business grants (not loans) of up to $10,000. Governor Walz is expected to sign. Of the total, half will be distributed to Greater Minnesota businesses…<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[171],"tags":[],"post_author":[],"class_list":["post-6672","post","type-post","status-publish","format-standard","hentry","category-business-development"],"acf":[],"yoast_head":"\n
Legislature Passes Business Grant Program - Greater Mankato<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n