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.
The money is part of President Barack Obama's Small Business Jobs Act, aimed at fostering lending that can spur growth and job creation.
Multiple people were questioned but no one is in custody.
Two of its Minneapolis locations are still open, with the third temporarily closed.
The fire started Monday night and caused much of the church's roof to collapse.
The 48-year-old had coached in Bloomington hockey programs for more than 20 years.
A community staple for more than five decades.
Four soldiers were inside a military vehicle that was shot at.
The governor has asked the Legislature for emergency funding for the additional police.
The jury listened to lengthy presentations from the prosecution and defense.
The passenger in the vehicle told police about the incident.
Facebook will remove posts that call for weapons to be brought to Minneapolis and anything that celebrates George Floyd's death.
The company's lawsuit claims the voting system suppressed free speech and hurt its business relationships.
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.
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.
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.
Gateway offers loans through thousands of used car dealers in 30 states. So far this year, the company’s made $200 million. TCF officials say they'll start offering car loans in the next few months.
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.
College students looking for private loans have fewer options. Minnesota Daily reports after nearly 40 years in the student-loan business, Minneapolis-based U.S. Bancorp is going to pull out of the student loan market. A company spokesperson said U.S. Bank was a "very small player" with less than 1.5 percent of the student-lending market share. JPMorgan Chase has also decided to only lend student loans to existing customers.
Republican leaders say the change would save Minnesota businesses $50 million the first year. That amount may well be added to the state budget deficit. The Senate GOP says the job creation would be worth it. DFL critics say there's no assurance that companies would used the money they save to create jobs.
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