The Minnesota Department of Employment and Economic Development (DEED) will oversee the Main Street Covid Relief Grants Program approved by the Minnesota State Legislature and signed by Gov. Tim Walz on June 30, 2021.
This program will make available $10,000 – $25,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total $64,200,000 is available for grant applications selected for consideration through a computer-generated, randomized selection process.
Applicants that have not received assistance through previous relief programs will be prioritized for consideration. These programs include the Small Business Emergency Loan program, the Small Business Relief Grant Program, the Movie Theater and Convention Center Relief Grant program, and the County Relief Grant program.
Applicants will receive a grant amount based on the number of full-time equivalent (FTEs) employees on staff.
- $10,000 – 6 FTEs or less.
- $15,000 – Between 7 and 49 FTEs
- $20,000 – Between 50 and 99 FTEs
- $25,000 – Between 100 and 200 FTEs
Applications will be reviewed and awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 12, 2020, in the regular course of business. These are grants and no repayment will be required.
The Application Portal opens September 20th at 10:00am CT and will close September 29th at 11:59pm CT. Limited time only, apply today!
To learn more and apply, please visit the State’s Program website at: https://mn.gov/deed/business/financing-business/deed-programs/emergency-programs/main-street/
Contact DEED directly at MSCRG.DEED@state.mn.us
or Anoka County Economic Development Director, Samantha Markman at 612.358.8925