January 2017
Minneapolis Star Tribune-1/16/17
A St. Paul partnership plans to open a small-business incubator and training center this summer in the city's Dayton's Bluff neighborhood. The primary focus will be minority neighborhood entrepreneurs who own small and start-up contractor businesses. Several are expected to open in the center, including Ideal Commercial Interiors and Intown Sushi.
Twin Cities Business-1/11/17
Local health care start-ups targeting regenerative medicine, obesity, glaucoma, blood cancer and other fields led the list of the biggest 2016 recipients of funding from investors eligible for DEED's Minnesota Angel Tax Credit Program.
DEED's Small Business Development Centers provided 32,200 hours of one-on-one technical assistance to 3,250 clients last year. About half of those clients received more than five hours of consulting. Go here to learn more about programs and services offered by Small Business Development Centers.
|
The newest edition of "A Guide to Starting a Business in Minnesota" is now available from the Small Business Assistance Office at DEED. The free guide, which is now in its 35th edition, provides a concise summary of the major issues faced by anyone starting a business in Minnesota. The guide also can be found here on the DEED website.
Lt.
Gov. Tina Smith and DEED recently announced grants totaling $34 million for 42
broadband infrastructure projects in Greater Minnesota. The projects will bring high-speed internet to small towns across the state, enabling them to compete with cities to attract the businesses and workers they
need to keep growing.
EMERGING ENTREPRENEURS FUND
DEED's Emerging Entrepreneurs Fund primarily supports micro-enterprises and small businesses with fewer than 50 employees. The program provides loans of up to $150,000 to businesses located in economically distressed areas and businesses owned by women or people of color. Loans must be matched on at least a 1-to-1 basis.
Funds may be used for start-up costs, working capital, business procurement, franchise fees, equipment, inventory, and the purchase or renovation of an eligible place of business that is not for passive real estate investment.
Go here for more details.
|
