Governor Walz Announces New $10 Million Program to Support Small Businesses

Friday, November 10, 2023

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Governor Tim Walz and the Minnesota Department of Employment and Economic Development (DEED) today launched a new effort to support and grow small businesses in Minnesota. The $10 million program will provide low-interest loans to small businesses, promoting the growth and success of Minnesota's small business economy.

"Small businesses are foundational to Minnesota's economic ecosystem – they're at the heart of our communities, our workforce, and our state's economy," said Governor Walz. "This program will make it easier for small businesses to access loans that are critical for their growth and long-term success and help us build a thriving state economy."

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