Minnesota Promise Act Grant Program

The Minnesota Department of Employment and Economic Development (DEED) will oversee the Providing Resources and Opportunity and Maximizing Investments in Striving Entrepreneurs (PROMISE) Act, approved by the Minnesota State Legislature and signed into law by Gov. Tim Walz. This program, through a series of statewide partner organizations, will award grants to eligible businesses in specific communities. A total of $86,480,000 million will be awarded as grants in multiple rounds. Grant funds can be used for working capital to support payroll expenses, rent or mortgage payments, utility bills, equipment, and other similar expenses that occur in the regular course of business. Technical assistance will be available to assist with submitting an application.