Business News & Updates
MPD Community Engagement Session
The Minneapolis Police Department is hosting a community engagement session to get feedback on the future of the department. The session will be held on Saturday, August 19th from 1:00-3:00 pm at Urban Ventures (2924 4th Ave S), 3rd floor Multipurpose Room.
Emerging Entrepreneur Loan Program
The Minnesota Emerging Entrepreneur Loan Program (ELP) supports the growth of businesses owned and operated by minorities, low-income persons, women, veterans and/or persons with disabilities. DEED provides grant funds to a network of nonprofit lenders which use these funds for loans to startup and expanding businesses throughout the state.
Angel Tax Credit
Minnesota's Angel Tax Credit provides a 25% credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable. Residents of other states and foreign countries are eligible.
Minimum Wage Raised to $14.50 on July 1st
At smaller employers - with 100 or fewer employees - in Minneapolis, the minimum wage went up on July 1, 2023 to $14.50.
Buildings Upgrade Prize Sign-On Letter
The Lake Street Council, in partnership with several other Twin Cities organizations, is currently applying for a grant from the US Department of Energy called the Buildings Upgrade Prize.
If awarded, this grant would put us on the path towards helping small business owners in upgrading building infrastructure and equipment that would reduce energy bills and stabilize operating costs. You can help us secure this funding by signing on to a letter of support.
New Nicollet Redevelopment Survey - Phase II, Part 1
Complete a survey by 4:00 pm on August 4, to provide input on Part 1 of Phase II of the New Nicollet Redevelopment.
mspWellness Champion
Is your organization committed to improving the lives of employees and fostering a culture of health and wellness? Apply to become an mspWellness Champion!
Cooperative Feasibility Class
This free class is designed for groups who have an idea for a business cooperative.
B Line - East Lake Construction 2023
Overview of construction on East Lake Street this summer including installation of new stations for the B Line, a Bus Rapid Transit line and at 4-to-3 conversion.
2023 Minnesota Legislative Summary
The Minnesota legislative session wrapped up last Monday with a historic set of new policies and record-breaking funding allocations, including millions of dollars to support businesses and nonprofits in the Lake Street corridor. We applaud Representative Hodan Hassan and Senator Zaynab Mohamed for their leadership in advocating for our resilient community.