Eleven Minnesota nonprofits will share $2.7 million in state funding to provide more help to “emerging businesses.”
The state picked nonprofits that “provide business assistance to targeted groups, including women, minorities, rural residents, innovative startups, entrepreneurs and inventors.”
Funding for the grants came in the past legislative session. “These nonprofit organizations help businesses start and survive during the early stages of the business development,” said DEED Commissioner Katie Clark Sieben.
The two-year grants, from the state’s Business and Community Development Competitive Grant Program, went to:
- African Development Center, Minneapolis, $96,000 – The group provides training, lending and technical assistance to help African immigrants and refugees achieve economic prosperity in Minnesota.
- Entrepreneur Fund, Duluth, $404,000 – The group helps people in Northeast Minnesota start and grow successful, locally owned small businesses.
- Metropolitan Consortium of Community Developers, Minneapolis, $246,000 – The consortium is an association of community development groups that focus on housing and economic development initiatives.
- Metropolitan Economic Development Association, Minneapolis, $420,000 – The group provides assistance to businesses owned and managed by entrepreneurs of color.
- Minnesota State University Small Business Development Center, Mankato, $246,000 – The center provides programs and services for small businesses and entrepreneurs in the Mankato area.
- Neighborhood Development Center, St. Paul, $420,000 – The center offers small-business training and consultation in low-income neighborhoods.
- Northside Economic Opportunity Network, Minneapolis, $84,000 – The goal of this group is to expand economic opportunities and build wealth for north Minneapolis residents through the creation, growth and development of small businesses.
- Red Lake Band of the Chippewa Indians Entrepreneur Development Program, Red Lake, $100,000 – This group will assist individual entrepreneur to establish and grow new business in the Red Lake Nation.
- Southwest State University Small Business Development Center, Marshall, $90,000 – The center provides programs and services for small businesses and entrepreneurs in the Marshall area.
- WomenVenture, St. Paul, $240,000 – WomenVenture helps women entrepreneurs, low-income entrepreneurs and women-owned businesses to develop and expand businesses and create jobs.
- Enterprise Minnesota, Minneapolis, $366,000 – Enterprise Minnesota provides consulting services to meet the needs of manufacturers.