Minneapolis is set to discuss the potential lifeline for local struggling businesses dubbed the MN Promise Act, providing a chance for disadvantaged entrepreneurs to catch a much-needed break. The upcoming town hall, meant to further elaborate on the act's benefits and implementation, will be hosted by a coalition of state and city leaders including State Rep. Samantha Sencer-Mura, Senator Zaynab Mohamed, and Council Member Aurin Chowdhury, in partnership with Metropolitan Economic Development Association (MEDA) and the Neighborhood Development Center, according to the Jason Chavez - Minneapolis Ward 9.
The Providing Resources & Opportunity & Maximizing Investments in Striving Entrepreneurs Act, known succinctly as the MN Promise Act, aims to boldly inject funds into small businesses that are struggling to keep up amid economic challenges. By furnishing loans and grants, the initiative specifically targets areas in Minneapolis, Saint Paul, and greater Minnesota that have been hard hit. This program may serve as a critical boost for businesses on the edge of survival.
Details about the town hall, which are available on the official Facebook page of Jason Chavez - Minneapolis Ward 9 of Minneapolis Ward 9, state that the event is scheduled to take place on Saturday, May 4, from 12:00PM to 1:00 PM at Matthews Park, located at 2318 29th Ave South, Minneapolis, MN 55406.
