ST. PAUL (LEARFIELD) — A bill signed by Governor Tim Walz will provide more than 62-million dollars in grants for small businesses impacted by the COVID-19 pandemic.
Walz said one of our top priorities during this special session is to build a stronger and more equitable economy and this direct assistance is an important piece of that plan. Eligible businesses with 50 or fewer employees can apply for grants of up to ten-thousand dollars.
Half of the funding will go to greater Minnesota businesses, at least ten-million dollars will go to minority-owned businesses, and two-and-half million-dollar grants are going to veteran-owned businesses, women-owned companies and cultural malls.
Sixty-million dollars is from the CARES Act and two-point-five million is state funding.