In the News
 Getting a startup off the ground is hard work, but incubators and accelerators are there to help. They provide early-stage companies with essential resources such as a workspace, mentorship and often times funding to give them a fighting chance.
More and more startups are popping up in the Twin Cities, and right along with them are more accelerators and incubators to help them find success.
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 St. Paul is offering $500,000 in low-interest loans for businesses that create jobs in the city’s poorest neighborhoods.
The Job Opportunity Fund will provide loans on a first-come, first-served basis for businesses in areas of concentrated poverty. Businesses can get up to $10,000 for each full-time job they create, with a total loan of up to $100,000.
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Recent Press Releases
Minnesota employers added 6,600 jobs in June, while the unemployment rate held steady at 3.1 percent, according to DEED figures. Over the past year, Minnesota employers have added 45,517 jobs, a growth rate of 1.5 percent. Minnesota now has a seasonally adjusted total of 2,962,300 jobs statewide, the most in state history.
DEED approved grants totaling nearly $706,000 to support five business expansion projects in Greater Minnesota. Grants from the Job Creation Fund were approved for Bondhus Corp. in Monticello, Clyde Machines in Glenwood, GEOTEK in Stewartville, Mortarr LLC in Albert Lea and Reliant Systems Inc. in Zimmerman. Combined, the businesses will invest $20.7 million and create 131 jobs.
Serving Our Customers
 Mexico – Minnesota's third-largest export market – offers vast and growing opportunities for Minnesota's small businesses. The Minnesota Trade Office will present a seminar on Aug. 3 that covers trends and opportunities in Mexico, market entry and expansion considerations, navigating export sales, and assistance available to Minnesota producers of goods and services. Register here to participate.
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