From DEED Communications <[email protected]>
Subject Minnesota Expanding Opportunity Fund Program
Date February 3, 2025 2:02 PM
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Minnesota Expanding Opportunity Fund Program

*The Minnesota Expanding Opportunity Fund Program [ [link removed] ]* is a state-funded program providing low-interest loans to Minnesota nonprofit corporations, Tribal economic development entities, and community development financial institutions. Lenders can receive up to $600,000 at one time to provide loans to the small businesses they serve. Applicants must be CDFIs that are currently enrolled and active in one or more federally-funded state programs.

The second and final round of awards are open to award the $3,450,000 balance of the $10,000,000 program.





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