Grants have helped further develop nearly 1,500 businesses; train almost 50,000 individuals
1/24/2019 8:01:03 AM
Shane Delaney 651-259-7236
ST. PAUL – Grants focused on programs that assist Minnesotans of color, women, youth and people with disabilities have helped further develop nearly 1,500 businesses and assist almost 50,000 career seekers and youth with employment, education and support services across the state, according to a new report released by the Department of Employment and Economic Development (DEED).
The report outlines the work that resulted from passage of the Equity Article, a one-year, $35 million supplemental package of strategic investments that was passed by the legislature in 2016. In 2017, the legislature continued most of this funding, awarding an additional $23.9 million to equity-related programs for a total of $58.9 million.
The grants provide funding for education, training and support services needed to overcome employment barriers, and to build the capacity of organizations to better serve participants. The grants also provide small business development services aimed at increasing access to capital, job creation and technical assistance.
“The investments made to improve economic equity are starting to have a positive impact in our state,” said Governor Tim Walz. “However, our work in this area is far from over. The One Minnesota Council on Diversity, Inclusion, and Equity will work with DEED to continue this effort, as well as find new ways to address this challenge.”
Organizations received grants either through a direct appropriation or through a competitive grant program. Eligible organizations for competitive grant funds included local government units, tribal governments, nonprofit organizations, community action agencies, business organizations, business associations and labor organizations.
DEED is the state’s main economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development for more details about the agency and its services, visit the DEED website or follow DEED on Twitter.
Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.