The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs help startups and small businesses transform their high risk, high-impact technologies into marketable products and services that solve problems.
NDC supports entrepreneurs from startup to expansion through entrepreneur training, business loans, business services, and incubators and real estate.
Certified Targeted Group, Economically Disadvantaged, or Veteran-Owned small businesses may receive up to 6% preference in selling their products or services or bidding on construction projects to the state.
Each year, the Federal Government awards about 10% of all federal contract dollars, or roughly $50 billion in contracts, to Small Disadvantaged Businesses.
In December 2020, the EDA approved the creation of a Displaced Business Grant Program to provide assistance to businesses that must move as a result of redevelopment projects that receive funding from the City of Richfield, the Richfield Housing and Redevelopment Authority (HRA), or the Richfield EDA.
Asian Media Access and Chinese-American Chamber of Commerce
English, Hmong, Cantonese
AMA and Chinese Chamber offer the following services through Elevate Business
- Business planning and assessment
- One-on-one business advising or coaching
- Events and webinars
- Loan and grant advisory services
- Navigation of Elevate Business resources and referrals
*Note: Elevate Business advisors provide professional consulting only. Any fees associated with websites, technology, or ongoing costs of implementing advisor recommended strategies such as marketing, websites or software the sole responsibility of the business owner.
Main Street Economic Revitalization Grants support business recovery and economic development along the Minneapolis commercial corridors worst hit by the combined impact of COVID-19 and the destruction following the murder of George Floyd. $18 million will be distributed to projects in these corridors: Lake Street, the area around 38th Street and Chicago Avenue, and North Minneapolis' West Broadway Avenue.