Round One Award Allocation

In Round One of the MN PROMISE Act Grant Program, we gave funding to small businesses in three main areas: South Minneapolis, North Minneapolis, and Saint Paul. This grant helps build stronger local economies and supports community growth.

Program Overview

Out of 6,356 business owners who started the pre-application process, 3,556 met the basic requirements to apply. After a careful review, 1,327 of these applications were chosen to move forward for more detailed checks. Only 1,327 of the 3,556 moved forward because: 

  • On closer review, some of the applications did not meet the eligibility requirements 

  • Some applicants did not make the changes needed by the deadline needed 

  • There is only enough funding for this round to move some applications to the next step 
     

Geographic Distribution of Applications

Here is how the applications were spread across the three areas:

  • North Minneapolis: 260 applications

  • South Minneapolis: 363 applications

  • Saint Paul: 391 applications

Next Steps

Applications are being reviewed and sent to the State of Minnesota for the final review and decision. This happens on a rolling basis, which means applications are sent and checked in the order they are ready, not all at once.