Ramsey County Small Business Relief Fund

 

****************************** Update as of December 18, 2020 ******************************

The Minnesota Legislature has approved a $217 million relief package for businesses impacted by COVID-19 executive orders. About half of the package will be given to counties to distribute through grant programs to local businesses by March 15, 2021.

Through the package, Ramsey County will receive $10.7 million to distribute to businesses. At this time, we anticipate that most of the funding will be used to supplement the Small Business Relief Fund.

Launched in June, the Small Business Relief Fund has been investing $15 million of CARES Act funding into Ramsey County businesses and self-employed entrepreneurs / sole proprietors. A third round of applications for the program opened on Nov. 18, the same week that Governor Walz issued Executive Order 20-99, which dialed back restrictions on bars, restaurants and gyms. Applications closed Dec. 4.

The volume of applications received during late November and early December exceeded the original $15 million budget for the fund. We estimate the outstanding applications total around $8-9 million in funding requests. The new $10.7 million in state funding will be prioritized to fulfill these outstanding applications.

Information on future application periods for the Small Business Relief Fund or other grant programs will be available once we’ve further reviewed existing applications to determine the amount of remainiwaitlist​​​​​​​ng funds available.

To receive an alert as to when Ramsey County might begin ​​​​​​​acc​​​​​​​​​​​​​​e​​​​​​​pting ​​​​​​​applicatio​​​​​​​ns for ​​​​​​​funding, pl​​​​​​​ease provide an email address and description of your business here:

 

 

 

Funding for the Small Business Relief Fund is provided through the Ramsey County Investment and Support Efforts (RISE) program.


 

Round 3 Eligible Businesses

Self-employed/sole proprietor/creative businesses

(up to $10,000 in qualified expenses or an additional $2,500 if previously funded)

or 

Between 1 and 75 employees

(up to $15,000 in qualified expenses, or an additional $5,000 if previously funded)

Must be a locally owned and operated for-profit business with a physical establishment in Ramsey County or resident of Ramsey County

Shared commercial spaces and home based businesses

Home-based businesses must document that the business is a primary source of income

Must be licensed and in good standing, if applicable

Must demonstrate a significant loss in revenue since March 15 (no credit score or collateral requirements apply)

 

Must be a locally owned and operated for-profit business with a physical establishment in Ramsey County

Must have at least one employee in addition to the owner and not more than 75 employees

Must have been operating since March 1, 2020

Must be licensed, in good standing, current on property taxes prior to May 15, 2020, if applicable

Must demonstrate a significant loss in revenue since March 15 (no credit score or collateral requirements apply)

The application period has now closed.

  Complete Guidelines

Technical Assistance Providers

The following organization are able to assist applicants in completing an application. 

Organization

Email

Phone

Languages Served

African Development Center

info@adcminnesota.org

612-333-4772

Somali, Oromo, Amharic, Swahili, English

Asian Economic Development Association

biz@aedamn.org

651-222-7798

Hmong, Lao, Vietnamese, English

African Economic Development Solutions

aedscovid19@aeds-mn.org

651-646-9411

Oromo, Amharic, Somali, English

Black Women’s Wealth Alliance

service@bwwa-us.com 

612- 876-1317

Ebonics, English

East Side Neighborhood Development Company

adejoy@esndc.org

651-288-8744

English
Hmong Chamber of Commerce info@mnhmongchamber.org   Hmong

Latino Economic Development Center

bizsupport@ledcmn.org

651-395-4037

Spanish, English
Saint Paul Area Chamber of Commerce tong@saintpaulchamber.com   English, Hmong
Springboard for the Arts

adia@springboardforthearts.org

651-292-4381 

English

Urban Village (serving Karen and Karenni businesses)

urbanvillage.mn@gmail.com

 

Sgaw Karen, Poe Karen, Karenni, English

WomenVenture

info@womenventure.org

612-224-9540

English