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Deadlines vary by regional partner. Round 2 opened in early 2026 across different foundations.
Minnesota PROMISE Act Grants is a $94. 3 million grant program overseen by the Minnesota Department of Employment and Economic Development (DEED) and authorized by the Minnesota State Legislature.
The program awards grants through statewide partner organizations to eligible businesses in communities adversely affected by structural racial discrimination, civil unrest, lack of access to capital, population loss, or lack of regional economic diversification. Eligible businesses must be located in Minnesota with gross annual revenue of $750,000 or less.
Grant amounts range from up to $10,000 for businesses earning $100,000 or less, up to $25,000 for those earning up to $350,000, and up to $50,000 for those earning up to $750,000. Funds can be used for working capital including payroll, rent, utilities, and equipment. Both for-profit businesses and qualifying nonprofits are eligible.
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Minnesota Department of Employment and Economic Development Menu help: you can navigate through the menu using your arrow keys or tab/shift-tab key. Use the spacebar to toggle and move to sub-menus. DEED Business Financing Programs Promise Act Grant Program Promise Act Grant Program Interested applicants should apply directly through our partner organizations listed below.
Application periods vary depending on the partner organization. Please see their website for up-to-date application information. The Minnesota Department of Employment and Economic Development (DEED) will oversee the Providing Resources & Opportunity & Maximizing Investments in Striving Entrepreneurs (PROMISE) Act approved by the Minnesota State Legislature and signed into law by Gov. Tim Walz.
This program, through a series of statewide partner organizations, will award grants to eligible businesses in communities that have been adversely affected by structural racial discrimination, civil unrest, lack of access to capital, loss of population or an aging population, or lack of regional economic diversification. A total of $94. 3 million will be awarded as grants in multiple rounds.
Grant funds can be used for working capital to support payroll expenses, rent or mortgage payments, utility bills, equipment, and other similar expenses that occur in the regular course of business. Technical assistance will be available to assist with submitting an application.
Eligibility Partners/Service Area Grant Recipient List Contact FAQ Eligible businesses will: Have primary business operations located in the State of Minnesota Be located in an eligible service area. See more info under the Service Area tab.
Be registered with the Minnesota Secretary of State, if required by Minnesota State Law Sole proprietors operating their business under their own name do not need to be registered with the Secretary of State Have gross annual revenue of $750,000 or less based on the prior taxable year Maintain ongoing operations as of the date of application If the business location is the taxpayer's residence, the business must have claimed and been allowed the deduction for home office expenses in the prior taxable year.
Businesses will be awarded grant funds based on gross annual revenue in the prior taxable year.
Businesses with gross annual revenue in the prior year of $100,000 or less can receive up to $10,000 Businesses with gross annual revenue in the prior year of more than $100,000 but no more than $350,000 can receive up to $25,000 Businesses with gross annual revenue in the prior year of more than $350,000 but no more than $750,000 can receive up to $50,000 For the purposes of this grant program, business means both for-profit businesses and nonprofit organizations that earn revenue in ways similar to businesses.
To be eligible, non-profits must meet at least one of the two definitions of an eligible non-profit: Definition A: A nonprofit organization that earns 30% or more of their revenue on an ongoing basis through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses.
Definition B: A nonprofit organization that earns 10% or more of their revenue on an ongoing basis through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses AND demonstrate they maintain ongoing customer-facing operations at a permanent physical location at which some of those sales take place.
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Based on current listing details, eligibility includes: Small businesses with gross annual revenue between $10,000 and $750,000. Must demonstrate negative impact from limited access to capital, population loss, structural racial discrimination, civil unrest, or lack of economic diversification. Most competitive candidates experienced economic hardship and did not receive over $10,000 in COVID-19 state relief funding. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates $10,000 to $50,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The Women's Economic Security Act (WESA) Competitive Grant, administered by the Minnesota Department of Employment and Economic Development (DEED), works to increase the number of women in high-wage, high-demand, nontraditional occupations. The program prioritizes initiatives that encourage and assist women of color to enter nontraditional and STEM careers. Part of DEED's Office of Adult Career Pathways, WESA is one of several competitive grant programs supporting workforce development in Minnesota. The state awarded $3.3 million for adult employment and training programs in the current funding cycle. Organizations providing career training, mentorship, and employment support services that help women access economic opportunity in traditionally male-dominated fields are encouraged to apply.
Minnesota Job Creation Fund is a grant from the Minnesota Department of Employment and Economic Development (DEED) that funds businesses expanding or relocating in Minnesota. The program awards performance-based grants to companies that make significant capital investments and create new full-time jobs in the state. Eligible businesses must invest at least $500,000 and commit to creating 10 new full-time positions within two years. Awards range from $500,000 to $2,000,000, making this a major incentive program for employers driving economic growth and job creation across Minnesota communities.