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Ramsey County

Small Business Relief Fund

Ramsey County is providing emergency assistance to small local businesses adversely impacted by the COVID-19 pandemic. The Small Business Relief Fund will provide grants of $7500 to small businesses most in need of support.

Funds will help businesses pay for critical expenses such as rent or  mortgage payments, utilities, payments to suppliers and costs associated with reopening. Providing this support will increase the capacity of small businesses with a physical location in Ramsey County to survive the current crisis and will help prevent potential future blight scenarios.

We understand there is a cost to reopening your business safely. This grant will help ensure that your business can afford to operate while maintaining the social distancing guidelines for the safety of your employees and customers.

The Relief Fund will be administered by the Metropolitan Consortium of Community Developers’ Open to Business program, which provides technical assistance and access to capital for businesses throughout Ramsey County. Priority outreach will be conducted in partnership with community-based organizations working in low-wealth communities, communities of color, and areas with barriers to access other small business resources.

Additional information and to apply visit www.ramseycountymeansbusiness.com/relief-fund

Property Tax Extension

The deadline for payment of first-half property taxes for qualifying Ramsey County property owners who are financially impacted by the COVID-19 crisis has been extended from May 15 to July 15, 2020.

Qualifying properties include:

  • Non-escrowed homesteads.
  • Non-escrowed small businesses with annual taxes less than or equal to $50,000.
  • Non-escrowed residential non-homesteads of one to three units with annual taxes less than or equal to $20,000.

An online lookup tool is available to help property owners identify if their property qualifies for the extension at taxextension.ramseycounty.us.

As is the case each year, property taxpayers can make partial payments and retain the right to appeal to the County Auditor/Treasurer for an abatement of penalty in case of exceptional hardship.

More information on property tax payments.

Saint Paul

Small Business Loan Opportunity​​​​

The Saint Paul Port Authority is proud to be an approved lender for the DEED Small Business Loan Guarantee Program. Loans up to $50,000 are available to Saint Paul businesses with fewer than 250 employees. Nonprofit organizations that pay property taxes will be considered for financing.

Qualifying expenses include the purchase, maintenance, or repair of machinery and equipment. Funds may also be used for working capital, secured by fixed assets when possible.

The Saint Paul Port Authority loan program is limited to $1 million. Qualified applications will be approved on a first come first served basis as long as funds are available.

Saint Paul Port Authority Loan Parameters

  • Three-year term with a 2% interest rate
  • Interest free for three months
  • No payments due for six months
  • No pre-payment penalties
  • Businesses must demonstrate negative impact caused by COVID-19
  • Applicants must have received at least a temporary certificate of occupancy prior to March 15, 2020
  • Qualifying businesses must be based in Saint Paul; in the case of multiple locations, funds are limited to Saint Paul locations

More information and to apply click here.

City of Saint Paul/HRA Short-Term Loan Payment Deferral Program

The City of Saint Paul and its Housing and Redevelopment Authority (HRA) are dedicated to serving our residents and businesses throughout all stages of the Coronavirus (COVID-19) outbreak. To provide you or your business with greater flexibility to respond to the COVID-19 outbreak, the City and HRA have implemented a short-term deferral program notifying all borrowers with business and rental rehab loans that no payments will be due during the months of April -June, 2020 (principal or interest). If the loan has an interest component, no interest will accrue during this 3-month period, nor will any late fees be charged. The Borrower is able to continue to make payments during this 3-month period at their discretion. Beginning in July, regular payments would commence as originally scheduled. All principal unpaid during the 3-month deferral period will accrue and be due at loan maturity.

Please contact the City of Saint Paul’s Department of Planning & Economic Development at 651-266-6565 for more information.


Verizon Small Business Recovery Fund

LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.

More information here