Who is Eligible for a Grant?

*Please note that all details provided are subject to change. We will make every effort to communicate any updates or modifications as they occur.

This initiative is designed to bolster the development and repositioning efforts of small businesses in Minnesota.

To be eligible for the MN PROMISE Act program in 2024 the applying business must meet three requirements: 

    • Is the business actively providing products or services to customers?

      Does the business plan to file business taxes this year?

    • Has your business been filing Federal and Minnesota business taxes since 2022 or earlier?

      The application will require the submission of two-years of tax returns; 2021 and 2022 or 2022 and 2023.

    If you answered yes to these questions, move to eligibility check #2.

  • 1. Which years of tax returns do you plan to submit?

    Business eligibility is based on the gross annual revenues on the earlier year of submitted tax returns.

    • If your business was operating in 2021, you must submit 2021 tax returns.

    • If your business was not operating in 2021, you need to submit tax returns from the years closest to 2021 (e.g., 2022 and 2023).

    *Changes will occur according to the State of Minnesota as the PROMISE Act program progresses.

    2. What is the businesses annual gross revenue on the earlier year of submitted tax returns?

    • Here is some guidance on where to find your annual gross revenue on your tax return: IRS Revenue Reference Chart

    • For the loan program annual gross revenue must be $1,000,000 or less.

    • For the grant program, annual gross revenue must be $750,000 or less.

    Additional Requirement for Nonprofits: To be eligible, nonprofit organization must earn 10% or more of their annual revenue through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses. Reference Link

    If you meet these requirements, move forward to eligibility check #3.

  • Metro Programs

    If your business is situated in North Minneapolis, South Minneapolis, or Saint Paul, refer to the maps below, metro grant program, or metro loan program pages, to determine if you are within an eligible area.

    Greater Minnesota Programs

    If you are located outside the metro, in greater Minnesota, visit the Greater Minnesota program page for more information on regional program partners.

Eligible Areas of
Minneapolis & Saint Paul

Map Navigation Instructions

Click on the map and use the +/- controls to zoom in / out of each eligible area.

  • Click on an area to see detailed geographic boundaries.

  • How to Check a Business Address’ Eligibility

    • Use the ⛶ icon in the top right corner to view the map full screen.

    • Once in full screen, click the 🔍 magnifying glass on the left side of the screen, and enter the business’ address in the search bar.

    • If the address appears in a shaded area, it is likely a neighborhood eligible for the Minneapolis and Saint Paul program.

      Note: this map was updated October 2024, to reflect grant eligibility for Round Two.

Greater MN

Greater Minnesota programs are being managed by the Minnesota Initiative Foundations six partner regional organizations:

Northeast - Northland Foundation

Northwest - Northwest Minnesota Foundation

Central - Initiative Foundation

West Central - West Central Initiative Foundation

Southeast - Southern Minnesota Initiative Foundation

Southwest - Southwest Minnesota Initiative Foundation