DEED’s Emergency Loan Program

Governor Walz approves $62 million for small businesses impacted by COVID-19

Businesses with 50 or less employees can apply for up to $10,000.

ST. PAUL, Minn.–Gov. Tim Walz signed a bill on Tuesday approving $62 million in grants for small businesses impacted by COVID-19. The bill includes $60 million from the federal CARES Act and $2.5 million from DEED’s Emergency Loan Program. Half of the funding will go to Greater Minnesota businesses, at least $10 million will go to minority-owned businesses, $2.5 million…