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Legislative News and Views - Rep. Jeremy Munson (R)

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SMALL BUSINESS RELIEF GRANT APPLICATIONS START TOMORROW

Monday, June 22, 2020

ST. PAUL, MN – Rep. Jeremy Munson (R-23B) announced to his district that area small businesses can apply for State COVID-19 grants STARTING TOMORROW.

“In spite of the legislative deadlock providing COVID Relief to greater Minnesota, there is funding available to small businesses who have been impacted by the COVID-19 pandemic. Businesses with 50 or fewer full-time employees are eligible for $10,000 grants,” stated Rep. Munson.

Half of the funding will go to businesses in Greater Minnesota and half to businesses in the seven-county Twin Cities metro area, as required by law.  Rep. Munson stressed, “All businesses are important, especially in our rural communities. While I did not agree with all the earmarks within this bill,  I am glad to see some relief go to our rural businesses who are hurting from the shutdown. Funds will be given on a first come, first serve basis, so I encourage all qualifying businesses in the district  to apply immediately. Applications can be submitted online through DEED.”

Additional requirements include:

  • $18 million for businesses with six or fewer full-time employees
  • $10 million for minority business enterprises
  • $2.5 million for veteran-owned businesses
  • $2.5 million for women-owned businesses
  • $2.5 million for operators of indoor retail and food markets with an ethnic cultural/emphasis

The application period will begin on Tuesday, June 23 and close at 5:00 p.m. on Thursday, July 2 to fulfill the 10-day period required by the law.

https://mn.gov/…/b…/financing-business/deed-programs/relief/

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