MN PROMISE Act
Helping disadvantaged businesses reach their full potential
Providing Resources & Opportunity
while Maximizing Investments in Striving Entrepreneurs.
PROMISE
MN PROMISE Act is a new state-funded small business revitalization program that will provide grants and loans to disadvantaged businesses located in certain areas of Minneapolis, Saint Paul and greater-Minnesota.
To view the full text of the Minnesota legislative bill, click here.
Metro
Grant Program
Neighborhood Development Center (NDC) is distributing $72 million in grants to small businesses across North and South Minneapolis, and Saint Paul.
Metro
Loan Program
Metropolitan Economic Development Association (MEDA) is distributing $22.2 million in loans to small businesses across North and South Minneapolis, and Saint Paul.
Greater MN
Programs
Minnesota Initiative Foundations manages the Greater-Minnesota grant and loan programs through six partner organizations, each serving a specific region.