Greater MN Programs
A grant and/or loan will be awarded to eligible applicants for approved business projects administered regionally through one of the six Minnesota Initiative Foundations organizations.
Total
Program Fund
$13,800,000 Grants
$24,000,000 Loans
What can grants be used for?
✓ Working Capital ✓ Utility Bills
✓ Payroll expenses ✓ Equipment
✓ Rent or Mortgage Payments
✓ Regular business expenses
What can loans be used for?
✓ Site preparation
✓ Building Construction
✓ Infrastructure ✓ Landscaping
✓ Other eligible capital improvement costs