PROMISE Act Grants

The application for 2024 PROMISE Act grants closed on April 10, 2024, and all grantees have been notified.

The Initiative Foundation anticipates doing a second round of PROMISE Act grants in late 2024 or early 2025. Funded by the Minnesota Legislature and administered by the Minnesota Department of Employment and Economic Development (DEED), PROMISE Act grants ranging from $10,000 to $50,000 are being awarded to businesses to invest in existing operations or planned growth. This is a very competitive grants process. Not all who apply can expect to receive a grant.

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Learn more about the Initiative Foundation’s business services and subscribe to our small business and economic development newsletter to receive news, information and updates about workshops, training opportunities and granting initiatives. Small business owners can also visit our support page to complete an interest form for one-on-one guidance or to request access to FREE online, on-demand business training courses.

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