MN PROMISE Act

Helping disadvantaged businesses reach their full potential

Our website is under construction as we plan for the next round. Scroll down to see how to start preparing.

  • Updated Guidelines

    Under the new understanding of the law, DEED has updated the program eligibility. To read the updated eligibility criteria, please visit DEED’s website.

  • Prep Taxes

    Applicants must submit three years of filed taxes, showing gross annual revenue of $750,000 or less based on 2021 and the most recent completed tax year. The latest tax filings (e.g., 2023 and 2024) will determine grant size and a year-over-year drop of the gross revenue of 10%, which gives the applicant an additional preference score.

  • Location

    MN PROMISE Act is for eligible areas of Minneapolis and Saint Paul. Use the map to determine if your business is within the geographic area and eligible to apply for the MN PROMISE Act.

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