Following Jobs Summit, Governor Dayton Provides Minnesota Businesses Access to More Capital

Governor Dayton announced Wednesday that he will be taking immediate action to provide Minnesota job creators with access to funding by doubling the state's investment in small businesses through a Small Business/Banking Partnership.

Approximately $100 million to $200 million will be deposited in Minnesota's community banks for lending to their customers - principally small businesses throughout the state.

The announcement comes on the heels of the Governor's Jobs Summit, where over 800 business, government and academic leaders came together to discuss how to create jobs and build a better Minnesota.

“Entrepreneurs need to know that we are going to work aggressively to give them the tools they need to create jobs,” Dayton said, according to the Star Tribune . “Today, I am taking action to spur investment in the small businesses that fuel Minnesota’s economy.”

Check out other coverage of the announcement below:

• Star Tribune: Dayton Steers $100M To Small Business Lending
• Finance & Commerce: Gov. Dayton’s First Major Jobs Creation Proposal – Give Money To Banks 
• MinnPost: Jobs Summit Follow Up: Dayton Announces Plan To Free More Capital For Small Businesses

• FOX 9: $100m Injected Into Small Business Lending In Minnesota
• Minneapolis / St. Paul Business Journal: Dayton Gives MN Businesses More Access To Capital
• KTTC: Dayton Says $100M To Spur Small Businesses Lending
• ECM: Dayton Administration Makes More Loan Money Available To Small Banks
• Woodbury Bulletin: Bank Investments Designed To Help Small Businesses Get Loans
• KAAL: Gov. Dayton Details $100M Small Business Plan