Small Business Grant Bill Passes House, Senate
TJ Leverentz | Jun 17, 2020 AT 10:43 am
(KWNO) The Minnesota House and Senate passed a bill that would institute a grant program for small businesses hurt by the COVID-19 pandemic.
The bill makes $62.5 million in grants available for businesses that employ up to 50 full-time workers. Half of the money will go to greater Minnesota business and half will go to business in the Twin Cities Metro.
A portion of the funds is also dedicated to businesses that employ up to six people, along with veteran and minority-owned businesses. The bill unanimously passed the Senate and passed by a wide margin in the House.
“I get contacted just about every day from workers and small business owners who tell me heartbreaking stories about the situations they are in because of the COvid-19 pandemic,” said Senator Jeremy Miller (R-Winona). “This bill will help provide important assistance to many small businesses throughout the state. For many of them, it can mean the difference between making it through this pandemic and closing their doors forever. I am very happy we were able to get this done so quickly for our local businesses.”