The Minnesota Small Business Relief Grants Program approved by the Minnesota Legislature and signed by Governor Tim Walz on June 16 will begin accepting applications to support business impacted by COVID-19.
The application period opened Tuesday, June 23, and will close at 5 p.m. Thursday, July 2.
This program will make available $10,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total of $60.3 million is available for grant awards which will be selected through a computer-generated, randomized selection process. To be eligible, businesses must have a permanent physical location in Minnesota and be majority-owned by a permanent resident of Minnesota.
Awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 1, 2020, in the regular course of business. These are grants and no repayment will be required.
Additional eligibility requirements and application information can be found online at DEED’s Small Business Relief Grants page at mn.gov.