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Up to $1 6 million in state loans going to southern Minnesota small businesses

By investing in small businesses, we’re investing in one of our state’s greatest assets.

United statesTim walzLe royMinnesota department of employmentGrowth loan fund programSoftware in red wingFood service specialties in red wingSmall business credit initiativeAutomation loan participation programEconomic developmentAmeristar manufacturing incMinnesota departmentState small business creditRed wingContract packagingService specialties

Gov Walz announces $5 Million to Support 22 Small Businesses

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United statesTim walzAlison voorheesEconomic developmentSmall business credit initiativeMinnesota department of employmentAutomation loan participation programIndustrial finishing services incGovernor tim walzMinnesota departmentState small business creditIndustrial finishing services

$5 million to support 22 small businesses across the state

These businesses are the first recipients of funding through the state’s new $100 million State Small Business Credit Initiative, intended to help small businesses grow and succeed.

United statesEden prairieA hood deephavenTigertough oakdaleEva medtec bloomingtonProcessbolt minnetonkaLe royTim walzNanodropper rochesterSoftware red wingGrowth loan fundLoan guarantee programGrowth loan fund programSmall business credit initiativeNeuraworx medical technologies incEconomic development

Small businesses take home big money in state loan program

Two businesses in Red Wing, one in Rochester and one in LeRoy were part of the program that will ultimately send $100 million to businesses in Minnesota.

United statesLe royTim walzKevin mckinnonGrowth loan fund programMinnesota department of employmentSmall business credit initiativeFood service specialties of red wingEconomic developmentSoftware of red wingAutomation loan participation programFour southeast minnesotaMinnesota departmentState small business credit initiativeSoutheast minnesotaSteuart contract packaging

New DEED automation funding program to bring more robots to Minnesota economy

“Facing the tightest labor market in America, we know Minnesota businesses can’t create a larger workforce out of thin air,” said DEED Commissioner Steve Grove. “A key strategy has to be automation ."

United statesUniversity of minnesotaGovernor council on economic expansionSmall business credit initiativeMinnesota department of employmentEconomic developmentGrowth loan fundMinnesota loan guarantee programUs department of treasuryFund investment programsAutomation loan participation programMinnesota departmentState small business credit initiativeTraining incentiveDirect investmentMulti fund investment programs

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