Economic Business Relief Resources
Last Updated: 3/9
Small businesses across Minneapolis are navigating uncertainty and disruption. Below are current economic relief opportunities and funding programs available to support community-serving businesses.
We will continue updating this page as new information becomes available.
If you have questions, contact LBA directly. We are here to help and assist you.
Main Street Alliance Small Business Stabilization Fund - APPLICATIONS OPEN
Main Street Alliance is launching a grassroots small business fund to support community-serving enterprises.
Timeline:
March: Applications open and reviewed on a rolling basis
March: Rapid distribution of funds
Funding is intended to:
Prevent layoffs
Maintain worker pay continuity
Cover essential operating expenses
Stabilize businesses at risk of closure
LINK HERE - scroll down the page for more info
Proposed $7 Million City of Minneapolis Small Business Stabilization Program
Minneapolis City Council member Jason Chavez proposed a $7 million stabilization program to support businesses impacted by recent economic disruptions. The Minneapolis City Council has now approved the program, and it is currently awaiting action from Mayor Jacob Frey.
If enacted, the program would provide direct financial relief to qualifying small businesses across the city.
We will continue to update this section as more details become available.
Minneapolis Foundation: Economic Response Fund - CLOSED 3/4
The Minneapolis Foundation has launched emergency economic response grants to support businesses experiencing material disruption.
What this fund supports:
Payroll and job retention
Worker continuity and emergency scheduling costs
Essential operating expenses
Stabilization support to prevent permanent closure
Priority is given to community-serving businesses whose stability directly protects workers and neighborhood services.
APPLY HERE
More Resources for Small Businesses
MniSota Community Action Network (MniCAN) – hosted by Indigenous Roots and in partnership with the Economic Reconstruction Coalition, we invite mutual aid doers of all walks of life to plug into this statewide network of providing rapid response and mutual aid for impacted families across Minnesota.
Promise Act – have gross annual revenue of $750,000 or less based on the prior taxable year.
Lake Street Lift - for questions about the Lake Street Lift program, please email info@visitlakestreet.com.
Mutual Aid – a listing of food relief, neighborhood, and church-based support.
Shared Commercial Kitchen Directory – the Minnesota Department of Agriculture manages a public directory listing shared commercial kitchen spaces.
Hennepin County Elevate program - Hennepin County provides free technical assistance and legal assistance to qualifying businesses located in Hennepin County.
St. Thomas Small Business Development Center – provides free, confidential business consulting services and priced workshops to help established businesses and startups develop strategies to attract customers, increase sales and improve profitability.
Rental Assistance – the State’s Housing Support Program pays an approved provider for housing costs and items that people need to stay housed.
Minnesota Department of Corrections – this page exists to correct the Department of Homeland Security's (DHS) repeated false claims regarding the Minnesota Department of Corrections' (DOC) cooperation with Immigration and Customs Enforcement (ICE).
Need Help Navigating These Resources?
LBA is working to ensure businesses in Longfellow and Seward have access to clear, updated information.
If you would like:
Help understanding eligibility
Assistance applying
Printed information in additional languages
A volunteer visit to your storefront
Please contact us at info@longfellowbusinessassocation.org