Get notified with new programs when they are available.
Proceeds may be used to:
This program will make available $10,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total of $60.3 million is available for grant awards which will be selected through a computer-generated, randomized selection process.
Awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. 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 1, 2020, in the regular course of business. These are grants and no repayment will be required.
Loans
Open Road will be offering four loan products to organizations affected by COVID-19:
IFundWomen offers expert crowdfunding coaching, from people who have actually crowdfunded.
They offer Flexibility:
& they also offer professional video and creative production services to help you tell your story!
Other benefits include:
The Doonie Fund makes micro investments in Black women entrepreneurs. Founded by digital undivided CEO, Kathryn Finney, the fund is named after her grandmother, Kathryn “Doonie” Hale, who inspired her entrepreneurial journey and encouraged her to stay in the arena.
Since its inception on April 5th, 2020, the fund has invested in over 500 black women entrepreneurs.
The size of an award depends on variety of factors including (but not limited to) Minnesota’s competitiveness, local economic conditions, job creation and wage levels. All expenditures and hiring related to the MIF assistance may not occur until funding has been formally approved.
