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Find similar grantsMN PROMISE Act funds is sponsored by State of Minnesota / Elevate Hennepin. A state-funded small business revitalization program for disadvantaged businesses located in specific areas of Minneapolis, Saint Paul, and greater Minnesota. The funds can be used for long-term stability, recovery, and growth.
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apply-now-for-mn-promise-act-grants | Elevate Hennepin Apply now for MN PROMISE Act Grants Apply now for MN PROMISE Act Grants Round 2 of the MN PROMISE Act Grants program is officially open, this is your chance to access state-backed funding and support to strengthen your small business.
MN PROMISE (Providing Resources & Opportunity while Maximizing Investments in Striving Entrepreneurs) is a state-funded revitalization program designed to uplift disadvantaged businesses in N orth and South Minneapolis, Saint Paul, and eligible Greater Minnesota areas. Metro Grant Program: $72 million in grants for qualifying businesses in Minneapolis and Saint Paul (delivered via Neighborhood Development Center).
Metro Loan Program: $22. 2 million in loan funds, administered by the Metropolitan Economic Development Association (MEDA), for eligible metro businesses. Greater Minnesota Programs: Grant and loan programs via Minnesota Initiative Foundations and regional partners in non-metro areas.
Eligibility and applications Your business must be in the eligible geographic area (Minneapolis, Saint Paul, or qualifying greater Minnesota zones). Use the map on the MN PROMISE site to check your address . You must submit your most recent tax return (2023 or 2024) showing gross annual revenue of $750,000 or less.
If your revenue dropped 10% or more from 2023 to 2024 , that may give your application a boost (preference score). Be aware: DEED has recently updated eligibility rules , check the DEED website for the latest criteria. Apply today via the MN Promise Application portal.
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Bussin’ Birria cooks up brick-and-mortar launch with Elevate The founders of Busin' Birria turned to Elevate Hennepin, Hennepin County’s business support initiative, for guidance to meet that enthusiasm for tacos with the complexities of opening a restaurant.
According to the current listing, eligibility includes: Disadvantaged businesses located in certain areas of Minneapolis, Saint Paul, and greater Minnesota with annual revenue less than $750,000. Applicants must not have received a prior Promise Act grant. Confirm the full requirements in the official notice before applying.
The current listing shows up to $50,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
MN PROMISE Act funds is funded by State of Minnesota / Elevate Hennepin. 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.