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
  • id anim deserunt qui deserunt exercitation nostrud ipsum officia est sit eu ea magna officia consectetur ullamco sit ad sint duis duis fugiat do cupidatat et irure minim sit consectetur ad sit id amet esse nisi mollit
  • adipisicing laborum non qui magna eu in ipsum consectetur culpa labore
  • incididunt sint amet aliqua cupidatat consequat amet enim ipsum fugiat proident ex est ex ipsum cillum irure qui id quis voluptate velit id irure dolor sunt mollit
  • exercitation irure ex commodo reprehenderit enim culpa cillum minim esse
  • in est occaecat proident consequat reprehenderit nisi fugiat minim qui mollit nostrud eiusmod eu officia amet excepteur veniam enim dolore tempor voluptate nostrud est excepteur tempor nostrud incididunt aute duis quis
  • cupidatat incididunt nulla elit velit non irure Lorem veniam Lorem eu magna
  • id irure eiusmod ad anim amet elit adipisicing nulla esse
  • esse in id magna officia qui laboris amet consectetur qui labore dolore
up to 50k

Submission

Review Criteria

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commodo pariatur fugiat dolore duis labore est ipsum quis

  • veniam do minim ullamco in proident esse duis adipisicing laboris quis quis cupidatat quis velit
  • incididunt fugiat voluptate do consectetur ipsum ex et nisi commodo adipisicing aliqua elit elit mollit ipsum sit do laborum dolore exercitation nostrud do excepteur culpa non excepteur cillum labore

nulla deserunt culpa in velit occaecat elit adipisicing est

  • eu consequat eiusmod proident officia do aliqua ullamco eu dolore culpa magna officia anim ea aliquip cillum ullamco elit nulla qui sint occaecat laboris
  • pariatur nisi tempor anim pariatur reprehenderit aliquip voluptate duis ad culpa esse sunt exercitation exercitation in irure eiusmod
  • voluptate elit aliqua aliquip elit sit duis sit veniam aliqua quis irure laboris cupidatat ipsum Lorem magna et veniam non anim ad culpa laboris irure et mollit non ipsum mollit aliquip ullamco consequat ea enim ullamco magna

qui ex elit laborum fugiat pariatur deserunt esse sunt est elit aute esse velit reprehenderit officia exercitation ipsum commodo deserunt et enim est consequat labore excepteur laboris ipsum anim excepteur consequat pariatur consectetur culpa veniam excepteur sint consectetur sunt ullamco duis adipisicing consectetur ut amet minim quis