Equity
Veterans used this program 7 times to start-up a business.
What is the military loan program?
These programs completed 27 projects in 2020 helping businesses create nearly 2,000 jobs and retain more than 500 jobs.
What are MIF and JCF?
This organization offers monthly webinars that OBF staff have been attending for professional development.
What is IEDC? OR What is CDFA?
This 2012 grant program is expected to disburse its last payment this year - to the SW Rail Project.
What is the Capital Project Grants Program?
In 2020, this program provided 32 loans valued at $1.1 million to emerging entrepreneurs.
What is the Emerging Entrepreneur Loan Program?
OBF and the Ag Board approved more than $240 million of this type of financing in 2020.
What is conduit bonding?
This committee has members through DEED (including from Business Finance) and is focused on promoting an inclusive workforce that leverages DEED's diverse perspectives
What is the Diversity & Inclusion Committee?
This DEED initiative freed-up $2.2 million in local revolving loan funds.
What is the One-Time Exception Program?
Although this program had only one loan in 2020, there is increasing interest by stakeholders in accessing the program.
What is the Indian Business Loan Program?
This program has provided 86 grants valued at $2.4 million to entrepreneurs and complements the Angel Tax Credit Program?
What is Launch Minnesota?
As a reminder, ATC will be operating in 2021 and is already accepting certification applications.
Business Finance had someone who was a member of the cohort for this activity that is focused on designing new solutions to DEED challenges.
What is Innovation Lab?
OBF's newest grant programs are days old and will focus on either those facilities where groups of people convene or view films.
What are movie theater relief grants and convention center relief grants?
These two new emergency programs provided $40 million in financing to 1,100 Minnesota small businesses affected by the pandemic including nearly 700 to BIPOC or women-owned businesses.
What is the Small Business Emergency Loan Program and the Small Business Loan Guarantee Program?
This program passed the $3 billion investment mark in 2020.
What is the Data Center Sales Tax Refund Program?
This online learning tool is part of a professional networking app and was recommended by DEED's HR office and is now being used by everyone in OBF.
What is Linkedin learning?
DAILY DOUBLE
This person has been redeployed to assist other agencies during the pandemic.
Who is Cordella Martin-Smith?