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The Richfield Business Bulletin
FALL 2023
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Welcome to the Richfield Business Bulletin!
We're excited to launch the Richfield Business Bulletin, a quarterly newsletter where we'll share updates, helpful resources, and information on programs and events with local businesses.
We hope you find the Richfield Business Bulletin to be informative and helpful. Thanks for subscribing and please feel free to share this newsletter and help us spread the word!
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Small Business Saturday is November 25
Small businesses are the backbone of our community--Richfield businesses provide jobs, boost the local economy, and bring vibrancy to our urban hometown.
In appreciation for Richfield's small businesses, the City Council has proclaimed November 25, 2023 as Small Business Saturday in Richfield and encourages residents to support local businesses on Small Business Saturday and throughout the year.
Mayor Mary Supple presented the Small Business Saturday proclamation to Richfield Chamber of Commerce President Kelsey Nagel at the November 14 City Council meeting.
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Thanks to all of the local businesses for your contributions to our community!
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"Love Local" Window Clings Available for Richfield Businesses
Remind shoppers that your business is an integral part of this community. The City of Richfield is partnering with Hennepin County’s Elevate Hennepin initiative in a promotional effort called Love Local to encourage residents to shop locally and keep this a vibrant, business-friendly community.
If you'd like a Love Local window cling for your business, please click the button below to let us know via email.
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Do you have a great business idea that you want to test out before launching?
CEO Start provides a free training opportunity for entrepreneurs
Applications are now open for CEO Start, a new opportunity in the CEO growth series from Elevate Hennepin.
CEO Start is open to anyone in Hennepin County with a great business idea. Participants will test their idea and validate their concept so they can build a viable business or understand why it might not work.
A group of 10 to 15 entrepreneurs will participate in a 10-week course to examine their ideas with peers through industry research, facilitated discussions and interviews with potential customers. Participants will leave the program with a deeper understanding of how to create a sustainable venture, articulate their models, and repeat the process with their next great idea.
Applications are being accepted through December 1.
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In this tight labor market, finding the right workers can be a job all its own.
CareerForce is Minnesota's official career development and talent matching resource. With access to Minnesota's largest online labor pool and connections to candidates with experience from entry level to management, CareerForce can help you find the talent you need for your business to grow and thrive.
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Expanding Opportunity Fund
Sets the stage for future low-interest loans for small businesses
The Minnesota Department of Employment and Economic Development (DEED) has launched a new effort to support small businesses in Minnesota. The $10 million program will provide low-interest loans to small businesses.
DEED is now accepting applications from non-profit lenders interested in participating in the Expanding Opportunity Fund. Lenders can receive up to $600,000 at one time to provide low-interest loans to the small business owners they serve.
The fund will support entrepreneurs who have struggled to access capital through traditional bank loans and is designed to support historically under-funded small businesses operated by women, people of color, or in Greater Minnesota.
The non-profit lenders who are selected to participate in the Expanding Opportunity Fund will develop criteria and guidelines for considering and approving loans to small businesses.
Stay tuned! Once the loan programs are available to small businesses, we will share information in the Richfield Business Bulletin on how to apply.
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For more information
Contact Jan Youngquist, Richfield's Economic Development Manager, for more information about programs, resources and future plans for Richfield. She's here to help!
Jan Youngquist
(612) 861-9771 jyoungquist@richfieldmn.gov
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Customize your city news!
Would you like to receive news from other city departments? Customize your subscriptions now to include text messaging, and customized delivery of various city newsletters.
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