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

To be eligible for the MN PROMISE Act businesses must be:

Registered with the Minnesota Secretary of State, if required by Minnesota State Law
- Sole proprietors operating their business under their own name do not need to be registered with the Secretary of State
Located in an eligible area of Minneapolis and Saint Paul.
- Click here to view the eligibility map.
At least 50% of the business’s employees are based in Minnesota.
You must have filed your 2024 tax return
- OR you must have officially filed for a tax extension for the most recent tax year (e.g., IRS Form 7004).
Your gross annual revenue must be $750,000 or less in your most recently completed tax year.
Your business must be actively operating at the time of application
You must not have received a grant from the MN PROMISE Act in Round 1.

If your business is home-based or online, you must have also:

Claimed and been allowed by the federal IRS a deduction for expenses related to the use of your home for business purposes under Section 280A(c)(1) of the Internal Revenue Code.

Meet one of the listed criteria:
- Definition A: Your organization earns 30% or more of its revenue on an ongoing basis through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses.
- Definition B: Your organization earns 10% or more of its revenue on an ongoing basis through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses AND demonstrate it maintain ongoing customer-facing operations at a permanent physical location at which some of those sales take place.
AND be able to upload your IRS Form 990 or 990-EZ (Note: Postcard is not accepted).