12 mall operators in Minnesota to receive COVID relief grants
In total, $3 million in Main Street COVID Relief Grants will be awarded
The Minnesota Department of Employment and Economic Development (DEED) has announced recipients of the $3 million Minnesota Cultural Mall Operator Grants program.
The program is part of the $70 million Main Street COVID Relief Grant package that passed with bipartisan support in the Minnesota Legislature during the 2021 Session and was signed into law by Governor Tim Walz.
Grants ranging from $20,000 to $300,000 will be awarded to 12 cultural mall operators across Minnesota, whose facilities lease space to a combined total of over 1,178 Black, Indigenous and People of Color business owners.
“Cultural malls are incredible economic, cultural, and civic cornerstones of their communities – and they were significantly impacted during the COVID-19 pandemic,” DEED Commissioner Steve Grove said in a statement. "These grants will provide much needed help to these malls and their communities, allowing them to maintain or grow jobs at a key inflection point in Minnesota’s economy.”
According to DEED, up to $25,000 of the grants identified below to cultural malls can be used for the operator’s own working capital expenses. The remaining grant must be distributed to their tenants in the form of rent forgiveness for previously owed rent or in the form of credit towards future rent.
The recipients and award amounts include:
Karmel Plaza, Karmel Properties, LLC., Minneapolis: $300,000
24 Mall, 24 Mall LLC., Minneapolis: $300,000
Hmong Village Shopping Center, Hmong Village, Inc., St. Paul: $300,000
Hmongtown Market Place, Hmongtown Market Place LLC. St. Paul: $300,000
Plaza Mexico, Lake Plaza LLC., Minneapolis, $300,000
Midtown Global Market, Midtown Global Market LLC., Minneapolis, $300,000
Mercado Central, Mercado Central LLC. Minneapolis, $300,000
Century Plaza, Century Plaza LLC., St Paul, $300,000
Riverside Mall, Riverside Mall Inc., Minneapolis, $300,000
JigJiga Business Center, Jigjiga Business Center LLC., Minneapolis: $200,000
Midtown Plaza, New Minnesotan Realty, LLC., Willmar, Minn: $80,000
International Mall, FMJ Mall Inc., Rochester, $20,000