Minnesota Receiving Nearly 100-Million In Federal Funds
(St. Paul, MN) — The state of Minnesota is set to receive nearly one hundred million dollars in funding. The U.S. Department of the Treasury announced the funding of eleven state plans yesterday under the State Small Business Credit Initiative. Minnesota’s funds will go toward operating six programs that provide loans and equity to small businesses and start-ups. The Treasury has approved 31 state plans overall so far under the SSBCI program, costing approximately four-point-eight billion dollars.