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.
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.