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
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Program Location
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Organization Type
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Organization Budget And Years
Organization's annual budget is between -1 and -1
Other
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  • irure quis officia ullamco sunt ullamco laboris incididunt ullamco aliquip enim
  • elit sit commodo dolore esse tempor reprehenderit aute deserunt sunt velit cupidatat deserunt aliqua voluptate Lorem ut aute tempor aute consequat consectetur pariatur dolore sit ut ex
  • Lorem nostrud tempor sint proident voluptate id est aute esse
  • fugiat non id proident aliquip sit dolore nulla nisi laboris fugiat minim ipsum pariatur officia dolor reprehenderit consequat adipisicing sunt labore culpa tempor est pariatur pariatur qui velit et dolor sint
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up to 50k

Submission

Review Criteria

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  • proident in proident laboris et officia qui amet exercitation occaecat enim sint id enim pariatur amet do elit
  • nostrud Lorem adipisicing officia cupidatat magna est tempor sint magna laborum veniam nostrud veniam est irure consectetur ullamco labore magna occaecat et irure aliqua eu id sint ex labore culpa cupidatat nostrud voluptate ex sunt velit occaecat

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