Minnesota Main Street Economic Revitalization Program
If your organization is a property owner, business, or developer seeking funds for your specific project or facility you are not eligible to apply directly to the State for this program. Once partnership organizations are selected and programs established property owners, businesses and developers will have the opportunity to request assistance from partner organizations serving their community.
The Minnesota Department of Employment and Economic Development (DEED) will oversee the Main Street Economic Revitalization Program approved by the Minnesota State Legislature and signed by Gov. Tim Walz on June 29, 2021.
This program, through a Request for Proposals, will make grants to nonprofit partner organizations to fund 30% matching grants up to $750,000 and guaranteed loans up to $2,000,000 to eligible recipients for eligible projects that are designed to address the greatest economic development and redevelopment needs that have arisen in communities across Minnesota since March 15, 2020.
A total of $80 million is available in grants to partner organizations. No more than $40 million is available in the first round. Dates for the second round have not yet been identified but will be before March 1, 2022.
Main Street Revitalization Program Partner Organizations will be publicly announced Fall of 2021. Each partner organization will be responsible for conducting outreach and soliciting request for assistance from property owners, businesses and developers.