State awarded $15.5M in federal small business funding - Bring Me The News

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.
Author:
Publish date:

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.

Next Up

Related

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.

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.

Polaris betting on small, electric vehicles

Polaris Industries Inc. has set a lofty goal of building a $1 billion business by 2018 with a new fleet of small electric and electric-hybrid cars and trucks. The vehicles feature a 5- or 7-horsepower motor and go about 25 miles per hour, the Business Journal reports (with slideshow).