Federal funds will bolster Minnesota small business

When Minnesota entrepreneurs are in need of cash, many of them end up in the offices of local non-profits. Some of state's most generous non-profits when it comes to business lending are getting $4.5 million from the federal government to help out Minnesota businesses.
Author:
Updated:
Original:

When Minnesota entrepreneurs are in need of cash, many of them end up in the offices of local non-profits. Some of state's most generous non-profits when it comes to business lending are getting $4.5 million from the federal government to help out Minnesota businesses.

Next Up

Screen Shot 2021-01-16 at 6.53.17 PM

Mike Lindell's MyPillow offering discounts using the code 'Qanon'

The Shakopee-based company is under the microscope because of the recent actions of its owner.

Surly Brewing

Facing aluminum can shortage, Surly unveils solution: 'Cantyhose'

The brewery came up with a creative way to repurpose unused cans.

Liam Robbins

Gophers stay perfect at home by crushing 7th-ranked Michigan

Liam Robbins and Marcus Carr were too much for the previously undefeated Wolverines.

police lights

Four teens arrested over robberies in Minneapolis

They teens were found in a vehicle that was taken during an earlier carjacking.

Boundary Waters/BWCA

All BWCA visitors will now have to watch three 'Leave No Trace' videos

Visitors left an "unacceptably high amount" of damage last year.

ambulance

Ten fatal overdoses in past 6 weeks reported in region of northern MN

Law enforcement agencies have issued a plea to the general public.

u.s. district court minnesota - federal court minneapolis

Bracing for security threats, federal courthouses closing in Minnesota

Security is also being ramped up at the state capitol.

N95 mask

3M sues Florida company that sold 10K counterfeit N95 masks to HCMC

The Maplewood company has obtained a temporary injunction against the firm.

vaccine, covid

Walz, Whitmer, and Evers call on Trump Admin. to buy more vaccines

It comes after The Washington Post reported that the country's COVID vaccine reserves have been exhausted.

Related

State awarded $15.5M in federal small business funding

Minnesota has been awarded $15.5 million in federal funding to offer small businesses loans in hopes of boosting the local economy. The money is part of President Obama's Small Business Jobs Act, which was signed into law last year.

More Minnesota banks get federal small business loan funding

The money is part of President Barack Obama's Small Business Jobs Act, aimed at fostering lending that can spur growth and job creation.

A business born in a bottle

Jacquie Berglund launched Finnegans Amber Beer in September 2000, with the mission of giving profits from the business to help feed Minnesota’s hungry and struggling populations.

Minnesota to receive $11M in unspent federal highway funds

The U.S. Department of Transportation is releasing $473 million in unspent highway earmarks from 2003 to 2006 and allowing states to use the money on any eligible project this year. Minnesota's share is $11.2 million. The Business Journal writes the state must identify the projects that will be funded by this money by Oct. 1.

Federal lawmakers press Dayton administration on Medicaid funds

Minnesota Human Services Commissioner Lucinda Jesson took aggressive questions from lawmakers of both parties on her visit to Capitol Hill. Jesson was in Washington to defend Minnesota's handling of Medicaid, joint program of the state and federal governments.

Press Release: State to provide $100 million in loans to boost small businesses

Gov. Mark Dayton pledges $100 million in new direct lending money to job creators. He makes the announcement after Tuesday's Jobs Summit in St. Paul. The added funds will go to qualifying Minnesota banks to distribute as business loans. Dayton says the move will double the state's investment in Minnesota small businesses.

Minnesota needs a business development commissioner

If our Governor and our state is serious about not just promoting Minnesota but making Minnesota an attractive place to do business, then Minnesota needs a cabinet level commissioner focused on business development...