DEED Main Street Grants (Matching Funds)
Propel Nonprofits is a proud partner of The Minneapolis Foundation and LISC Twin Cities in a new grant opportunity to support small business recovery and rebuilding in three of the Minneapolis business corridors worst hit by the combined impact of COVID-19 and the destruction following the murder of George Floyd. These grants are made possible by funding from the Minnesota Department of Employment and Economic Development (DEED) through a 2021 Main Street Revitalization Program award.
Main Street grant funds can be used for repairing or renovating real estate property; building construction; landscaping and streetscaping; predesign and design; engineering; infrastructure; and related site amenities projects.
Propel’s Role: Eligible projects must have some outside funding from sources such as public or private grants or loans, developer equity, or insurance proceeds. All Main Street grants must be matched with non-state and non-federal funds at a rate of 2 to 1. As a CDFI, Propel can make loans that qualify as matching funds for these grants.
Where to start:
- Visit minnesapolisfoundation.org/main-street to review project and eligibility guidelines
- Contact Sarah B. Jackson at email@example.com to talk more about matching funds.
Note: Nonprofits who are seeking funding through The Minneapolis Foundation will need to be located along Lake Street, 38th Street/Chicago Avenue, and West Broadway Avenue. If your organization is seeking matching funds through a different foundation, please contact Sarah B. Jackson.