St. Paul – Today, the Minnesota Department of Employment and Economic Development (DEED) announced that 41 organizations across Minnesota will receive Small Business Assistance Partnership funding to help small businesses grow and thrive.

DEED will award more than $12.5 million to nonprofit organizations, higher education institutions, community development financial institutions and community development corporations. These projects are projected to serve almost 36,000 Minnesota small businesses and entrepreneurs through Oct. 31, 2025. The $12.5 million in state funding is matched by $21.8 million in funding from local, private and federal sources.

Read the full story from the MnDEED press release.