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Visit funder's website →Tech Boost Grant Program is sponsored by Northland SBDC (Supported by Minnesota Department of Iron Range Resources & Rehabilitation, Blandin Foundation, Northland Foundation, Compeer Financial Fund for Rural America). Tech Boost is a reimbursement grant program designed to help small businesses in Northeast Minnesota adopt new technologies that will help them thrive.
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Tech Boost Grant Program - Northland SBDC The Tech Boost Grant Program is closed for new applications! Due to high demand, this program has reached its capacity of available grant slots available at this time. We hope to host another round of tech boost grants in the future.
Tech Boost is a reimbursement program designed to help small businesses in Northeast Minnesota adopt new technologies that will help them thrive. Participating businesses will receive a free expert consultation on technology-related investments that can help the business sustain and grow.
After consultation, the small business purchases eligible technology equipment or services and can apply for reimbursement of two-thirds of the project cost up to $1,000 in grant funding! Business must be registered as a for-profit business entity with the State of Minnesota prior to December 1, 2021. Business must be physically located in Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, or St.
Louis County. Business must request services from Northland SBDC if they are not already a Northland SBDC client. Northland SBDC offers no-cost consulting to small businesses, and there is no charge for applying for this program.
Business must complete a Tech Boost consulting session and be approved for the program before applying for reimbursement. This is a reimbursement grant program. The small business must purchase the technology-related good or service before applying for grant reimbursement and submit proof of payment.
Technology purchases must be completed after finishing your Tech Boost Consultation. Grant reimbursement is not available for previously completed purchases. Eligible small businesses should follow these steps to access grant funding from Tech Boost: Fill out this short survey so we can contact you and get you connected with a Northland SBDC consultant.
Watch your email for communications from us to schedule your Tech Boost Consultation. Attend your Tech Boost Consultation session and choose a technology-based investment that will help your small business. Complete a purchase for eligible equipment or technology-related services.
Upload the required documentation to request grant reimbursement including your invoice (if applicable), proof of payment or receipt, ACH form, W9, and SBDC attribution form. Receive grant reimbursement of 2/3 of your Tech Boost project cost up to a maximum of $1,000 deposited into your bank account within 45-60 days of your completed reimbursement request. Are non-profits eligible for Tech Boost?
Tech Boost is currently limited to for-profit Minnesota small businesses. What kinds of expenses are eligible for this grant program? Will I be taxed on the grant funds I receive?
Most grant funds are considered taxable income. Northland Foundation will be issuing Form 1099 to recipients in alignment with IRS guidelines. We recommend working with a tax professional to evaluate taxability of this income for your specific business situation.
How will I meet with my Tech Boost expert consultant? Tech Boost Consultations will be available virtually using free and easy-to-use video conferencing software as well as limited in-person meeting opportunities. You will be able to choose an available time that works for you.
If you are new to video conferencing or don’t have the broadband or equipment to meet remotely, we have local business consultants across the region that can help you get connected to a virtual Tech Boost Consultation. Can I receive the grant funds upfront? Tech Boost is strictly a reimbursement grant program.
Small businesses must purchase the equipment, software, or services upfront and apply for reimbursement. Businesses will receive their grant funds after submitting the required documentation including proof of purchase. Does Tech Boost cost me anything?
Total Tech Boost Purchase The Tech Boost Grant Program is supported through the Arrowhead Intelligent Region initiative and generous contributions from the Minnesota Department of Iron Range Resources & Rehabilitation , the Blandin Foundation , the Northland Foundation , and the Compeer Financial Fund for Rural America .
According to the current listing, eligibility includes: Small businesses in Northeast Minnesota that complete a Tech Boost consulting session and are approved for the program. Confirm the full requirements in the official notice before applying.
The current listing shows up to $1,000 (reimbursement). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Tech Boost Grant Program is funded by Northland SBDC (Supported by Minnesota Department of Iron Range Resources & Rehabilitation, Blandin Foundation, Northland Foundation, Compeer Financial Fund for Rural America). 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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