Greater Bemidji and the Headwaters Regional Finance Corporation were two of 26 nonprofit lending partners in the state to receive grant funding for DEED’s Minnesota Emerging Entrepreneur Loan Program.
The ELP supports the growth of businesses owned and operated by Black, Indigenous, people of color, low-income persons, women, veterans and/or persons with disabilities.
“Now more than ever, the Emerging Entrepreneur Loan Program is a great platform to empower the growth of small businesses that might not otherwise have access to capital,” said DEED Commissioner Steve Grove.
“Our economic recovery must create jobs in communities hardest hit by the pandemic, and that’s exactly what these entrepreneurs will do.”
Greater Bemidji, Inc., received $75,000 for this program, as did the HRFC.