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Find similar grantsEconomic Response Fund is sponsored by The Minneapolis Foundation (in partnership with Lake Street Council and statewide organizations). This fund provides short-term stabilization grants to Minnesota small businesses experiencing operational disruptions, including those caused by safety and security concerns.
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Small Businesses May Now Apply for Emergency Support Through Economic Response Fund May Now Apply for Economic Response Grants Small businesses in Minnesota that have experienced operational disruptions in recent weeks may now apply for financial support through the Economic Response Fund.
Seeded by contributions from more than 35 Minnesota companies and individual donors, the Economic Response Fund will distribute $4 million in the coming weeks. The Minneapolis Foundation has allocated these resources to seven nonprofit organizations with deep experience providing small business support. These partners will make grant decisions, distributing financial assistance to small businesses in communities statewide.
Grants will be made on a rolling basis and distributed as quickly as possible to help businesses stabilize in the coming weeks. This fund is a collective effort in which the Foundation is pooling resources from Minnesota companies and individual donors to help small businesses address needs caused by reduced revenue, workforce challenges, temporary closures, or safety and security concerns.
See list of fund contributors “Small businesses are facing tremendous challenges right now, and the Economic Response Fund is an important step that Minnesota companies are taking to help mobilize resources for our neighbors,” said R. T. Rybak, President and CEO of the Minneapolis Foundation.
“We recognize the needs are much greater and hope that launching this fund will spur additional investment from the business community. ” Eligible small businesses may receive grants ranging from $2,500 to $10,000, depending on demonstrated need and available funding. Funding will support small businesses in the Twin Cities and statewide, with an emphasis on communities experiencing the most significant disruptions.
Businesses with a maximum of 40 employees are eligible to apply. Funding is available for businesses that are currently operating as well as those that are temporarily or permanently closed due to disruptions.
Grant funds may be used for a wide range of business-related expenses, including: Payroll or contractor payments Rent or mortgage for business space Security, repairs, or safety-related costs Covering short-term revenue loss Legal or translation help Funding decisions will be made by these partner organizations: African Development Center Latino Economic Development Center Neighborhood Development Center West Bank Business Association Grant applications will be accepted until all available funding has been distributed.
The Economic Response Fund is supported by companies and individual donors across the community, and contributions in any amount are welcome. Three ways to contribute: Make a credit card donation . Mail checks to the Minneapolis Foundation, 800 IDS Center, 80 S 8th Street, Minneapolis, MN 55402.
The memo line should note the Economic Response Fund. For corporate contributions, contact Teresa Skaar at tskaar@mplsfoundation. org .
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According to the current listing, eligibility includes: Small businesses in Minnesota with a maximum of 40 employees that have experienced operational disruptions. Confirm the full requirements in the official notice before applying.
The current listing shows $2,500 to $10,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Economic Response Fund is funded by The Minneapolis Foundation (in partnership with Lake Street Council and statewide organizations). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Minnesota. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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