State of Minnesota opens new COVID-19 relief grant program
News | Published on September 20, 2021 at 7:10pm EDT | Author: Chad Koenen0
Grants to be made available to OT County businesses
The Minnesota Department of Employment and Economic Development (DEED) will begin accepting applications for the Main Street COVID Relief Grants Program on September 20.
The program will award grants in the amounts of $10,000-$25,000 to Minnesotan owned and operated businesses that can demonstrate financial hardship due to the COVID-19 pandemic. Grant amounts will be determined based on the number of full-time equivalent (FTEs) employees. Businesses that are majority-owned by military veterans, women, and Black, Indigenous, and people of color individuals; employ 6 people or fewer; and/or did not receive previous assistance from other state relief programs will be prioritized in the selection process.
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.
The application portal will open September 20, 2021 and will accept applications for 10 days after opening. Applications will close on September 29 at 11:59 p.m. Afterward, grant applications will be selected for consideration through a computer-generated, randomized selection process.
Businesses can find translated program information, including How To Apply videos, in Hmong, Somali, Spanish, and Vietnamese on DEED’s website (mn.gov/deed/business/financing-business/deed-programs/emergency-programs/main-street/). Otter Tail County’s Community Development Director can assist businesses with questions at email@example.com or (218) 998-8050.