St. Paul, MN - Today, the Minnesota Department of Employment and Economic Development (DEED) announced the first round of recipients for the Main Street Economic Revitalization Awards. The $80 million redevelopment program, funded by the legislature, provides grants to nonprofits helping businesses that have faced hardship due to the pandemic, civil unrest, and other challenges since March 15, 2020.
“With the first round of funds heading out into our communities, we are taking another crucial step in supporting Minnesota’s diverse and vibrant economic corridors,” said Rep. Mohamud Noor (DFL - Minneapolis), Chair of the House Workforce and Business Development Finance and Policy Committee. “Many businesses, especially in the Twin Cities, have not only had to struggle with the pandemic, but also the impact of last year’s civil unrest. Through no fault of their own, these community staples are still picking up the pieces over a year later. More help is needed, but this is a good start for helping these neighborhood businesses rebuild.”
Eligible recipients will not apply directly to DEED for funding – only the partner organizations identified here. As they set up their programs, businesses can contact them for more information and learn how to request assistance for a specific eligible project.