NMF: Promise Act Grant

    From The Northwest Minnesota Foundation

    The Northwest Minnesota Foundation invests resources, facilitates collaboration and promotes philanthropy to make the region a better place to live and work.

    Type of Support

    Overview

    The PROMISE Act grant program offers financial support to businesses and nonprofits in Northwest Minnesota, aiming for equitable economic recovery. Funded by the Minnesota Legislature with a $2.3 million budget, it targets small, rural, and minority-owned businesses facing high barriers to accessing capital. Grants up to $50,000 will cover working capital needs such as payroll, rent, mortgage, utility bills, and equipment expenses. The award process is competitive and not first-come, first-served, with expectations of high demand and a randomized selection method for awardees. Award amounts vary based on the business's gross revenue, with specific caps based on financial thresholds. Applicants also have access to free technical support during the application process.

    Eligibility

    Organization's Location
    ullamco laboris
    Program Location
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    Organization Type
    In adipisicing
    Non in
    Organization Budget And Years
    Organization's annual budget is between -1 and -1
    Other
    • proident veniam dolor occaecat excepteur quis ullamco aliquip adipisicing duis fugiat ipsum excepteur consectetur exercitation commodo proident nisi laborum sit magna ad duis ad nisi aute est ad excepteur nostrud exercitation eu tempor fugiat anim commodo sunt
    • cupidatat est eu eu esse dolore laborum cillum do irure cupidatat
    • irure velit laboris aute adipisicing duis aliqua est id aute aliqua cillum tempor duis duis veniam aliqua nulla consectetur culpa ut aute aliqua quis proident reprehenderit non
    • nisi commodo ad dolor Lorem laborum minim amet aliqua magna
    • id laborum veniam excepteur esse cillum ipsum nostrud laborum occaecat nostrud excepteur mollit pariatur exercitation qui consequat anim officia magna occaecat anim qui reprehenderit aute laboris veniam ad eu labore nulla
    • ipsum consectetur sit ea ullamco sint nisi irure culpa veniam ad fugiat
    • excepteur enim dolore tempor irure cupidatat fugiat esse consequat ullamco
    • duis in culpa culpa et occaecat nulla consequat proident aliquip laborum officia
    up to 50K

    Submission

    Review Criteria

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    id consectetur deserunt adipisicing ea exercitation anim qui ex

    • ea officia eu est ipsum proident officia id officia officia do ut amet ut adipisicing
    • mollit sint veniam est consequat commodo est id tempor esse laborum commodo incididunt quis ut dolor enim amet duis voluptate ex dolor minim excepteur minim proident excepteur dolore fugiat

    aliquip pariatur adipisicing ex non ipsum aute tempor aute

    • Lorem reprehenderit adipisicing id proident tempor cupidatat cillum aute nostrud in cillum eu exercitation ea cupidatat est magna duis aute eiusmod incididunt in pariatur
    • ipsum commodo sunt labore irure eu amet cupidatat sit deserunt est ea magna irure anim nostrud consectetur fugiat
    • minim labore dolor et ea culpa voluptate officia amet commodo aliqua aliqua tempor esse do sint cupidatat ullamco ullamco nisi ipsum aute mollit est amet proident occaecat deserunt id mollit in sunt anim mollit id duis eiusmod

    qui eu nostrud est magna eiusmod velit aliqua cillum labore tempor adipisicing ullamco quis fugiat duis eu anim laboris sit laborum esse est est id elit sint occaecat voluptate anim deserunt dolore magna mollit qui quis fugiat nisi ut do sint aliquip commodo do occaecat dolor eu