Businesses across Minneapolis have shut their doors or changed their operations to help prevent the spread of the Coronavirus. This presents an unprecedented challenge, but there are resources available to support small businesses, independent contractors, and non-profit organizations in this time. To stay up to date as new information is available, visit the City of Minneapolis Coronavirus FAQs for business and check out this excellent guide from Minnesota DEED.
- Payroll Protection Program: Forgivable loans for up to 2.5 months of payroll expenses for business who keep their employees
- SBA’s Economic Injury Disaster Loans: Long-term loans up-to-$2 million at 3.75%, includes an up-front $10,000 grant
- Pandemic Unemployment Assistance: Unemployment benefits for those who do not typically qualify, such as independent contractors and self-employed people.
- Minnesota Small Business Emergency Loan: Interest-free loans of $2,500-$35,000 for businesses impacted by the Governor’s temporary closure orders. Loans are partially forgivable.
- City of Minneapolis Forgivable, No-Interest Loan: $5,000-$10,000 forgivable, no-interest for small businesses and self-employed people with fewer than 20 employees or under $1 million in revenue and located in certain parts of the city. The deadline is Monday, April 20 at 12:00 p.m. (Noon). Apply today!
This information may feel overwhelming, but you do not have to navigate it alone. The City of Minneapolis has expanded Business Technical Assistance Program services to make sure that you have an expert to talk to about your specific situation. You can also contact the City’s Small Business Team at 612-673-2499 or [email protected]. We are all in this together.
Minneapolis businesses, non-profits, and self-employed people are eligible for relief funds now. To find out more visit @CityMinneapolis Coronavirus FAQs for Business.
Small businesses in Minneapolis do not have to navigate their Coronavirus response alone. @CityMinneapolis Small Business Team is available to answer your questions about current rules and resources. Call 612-673-2499 or email [email protected]
Small businesses in Minneapolis do not have to navigate their Coronavirus response alone. Did you know that businesses in can get free, expert guidance from from list below:
Coronavirus Business Technical Assistance providers
African Development Center @adcminnesota
African Economic Development Solutions @AfricanEDS
Bii Gii Wiin @biigiiwiin
Davis Law Office @DavisLawOffice
Harun Law (no Twitter handle)
Hortensia Law (no Twitter handle)
Lake Street Council @VisitLakeStreet
Latino Economic Development Center @Latinocdc
Metropolitan Consortium of Community Developers @MCCD_MN
Neighborhood Development Center @NDC_MN
Northside Economic Opportunity Network @NEONBusiness
Seward Redesign @SewardRedesign
Social Impact Strategies Group & Just Law @ConnectUpMN
Springboard for the Arts @SpringboardArts
West Bank Business Association @westbankmpls
West Broadway Business and Area Coalition @WBC_mpls