Greater Twin Cities United Way, the Minneapolis Foundation, and the Saint Paul & Minnesota Foundation have announced grants totaling $2.5 million from the Twin Cities Rebuild for the Future Fund in support of small businesses owned by Black people, Indigenous people, and people of color in neighborhoods most affected by the unrest sparked by the killing of George Floyd.
Launched in early June, the fund is aimed at "driving transformational change" in "a broken criminal justice system and policies rooted in long-standing racism," with a focus on support for micro- and minority-owned small businesses. The eleven grantees will use the funds to provide cash assistance to small business owners for repairs and relocation expenses and to address their loss of income; technical assistance and help with navigating insurance filing, financial and legal considerations, merger strategies, and business compliance; and accurate information for business owners in their native languages.
Grantees include the African Development Center, African Economic Development Solutions, American Indian Community Development Corporation, Asian Economic Development Association, Black Women's Wealth Alliance, Lake Street Council, Latino Economic Development Center, Neighborhood Development Center, New American Development Center, Northside Economic Opportunity Network, and Northside Funders Group (in partnership with the West Broadway Coalition).
In addition to Greater Twin Cities United Way, Minneapolis Foundation, and Saint Paul & Minnesota Foundation, donors to the fund include American Family Insurance, Bremer Bank, Cummins, Inc., Toro Company, Wells Fargo, and the Bush, F.R. Bigelow, General Mills, Mardag, and Medtronic foundations.
(Photo credit: Minneapolis Foundation)