Grow Minnesota!

Grow Minnesota! is Minnesota's first purely private sector, statewide business retention and expansion program. Its primary goal is to strengthen and grow Minnesota's economy. Initiated by the Minnesota Chamber of Commerce in September 2003, Grow Minnesota! is carried out in partnership with local chambers of commerce from across the state. Thirty-five local chambers were selected as our partners for the second year of the program.

Mission

Under the leadership of the Minnesota Chamber and local chamber partners, Grow Minnesota! will promote statewide collaboration on growing Minnesota's economy.

Grow Minnesota! will improve the economic vitality of Minnesota by:

  1. Encouraging companies to remain and expand in Minnesota
  2. Establishing stronger ties between private sector companies and their business advocates
  3. Recommending community and public-sector responses to the trends affecting the development of the state's economy

Over time, Grow Minnesota! will assume the responsibility of marketing Minnesota to the nation and world.

 

2011-2012 Grow Minnesota! Sponsorship Available

DCR Chamber invites businesses to invest in our on-going business retention and growth effort through sponsorship of our local Grow Minnesota! program.  Investment in the local Grow Minnesota! program helps to make DCR´s participation in the statewide activities possible. The program continues to gain creditability with local businesses support and demonstrates your continued corporated citizenship by investing in your local chamber programs. 

 Download more information here

 

Resource Links

Minnesota Chamber of Commerce Grow Minnesota page

For the latest out of the Minnesota Chamber regarding the statewide Grow Minnesota program.

 

Microloan Program - Small Business Administration (SBA)

The Microloan Program provides very small loans to start-up, newly established, or growing small business concerns. Under this program, SBA makes funds available to nonprofit community based lenders (intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000. The average loan size is about $13,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.

Small Business Resource Guide - Minnesota Small Business Administration (SBA) & MN SCORE

The guide is filled with a variety of information on Minnesota SBA resources, including loan program, counseling, training, and exporting.

Compare Minnesota - Minnesota Department of Employment & Economic Development (DEED)

The site includes information and comparisons between states and metropolitan areas on business climate, major industries, economic performance, labor, innovation, energy, taxes, and quality of life.

The Minnesota Military Reservist Economic Injury Loan Program - DEED

The program provides loans to eligible small businesses which 1) have an essential employee or employees about to deploy or deployed in the military reserves for 180 days or longer, and 2) are likely to sustain or are sustaining economic harm.
The 4 1/2 year onetime loans are interest-free and are available in amounts from $5,000 to $20,000.  No repayment is required for the first 18 months of the loan; monthly repayments are made over the remaining three years of the loan term.  The revolving loan fund totals $400,000.  Applications will be accepted and loans made until all funds are committed.

 

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