Round 1 Award Allocation

In the first year of the Minnesota PROMISE Act Grant Program, a program designed to support entrepreneurs and small businesses disproportionately impacted by systemic inequities, $7.32 million in grants were distributed. These efforts prioritized historically underserved areas—North Minneapolis, South Minneapolis, and Saint Paul—and reflected a commitment to community-driven solutions.

Key Highlights

$7.32 Million Distributed

487 Grants Awarded

$15K Average Grant Size

83% BIPOC Entrepreneurs 

3,307 Full Applications Received

1,387 Hours of Technical Assistance to 1,069 Applicants

Grants by Geography