University of Minnesota Crookston’s Veden Center among recent grant recipients
Veden Center receives $237, 217 grant from the Small Business Partnership Program.
Among recent grant recipients of the Minnesota Small Business Partnership Program is the University of Minnesota Crookston’s Veden Center.
The program, according to the Department of Employment and Economic Development, recognizes nonprofits and public entities that provide and facilitate business development and technical assistance to entrepreneurs and small businesses.
UMN Crookston’s Veden Center received a grant for $237, 217. Other grant recipients are listed here .
The grants support the start-up, growth, and success of Minnesota's entrepreneurs and small business owners through the delivery of high quality free or low-cost professional business development and technical assistance services.
The state legislature and Gov. Tim Walz increased the program amount by $7 million to $9.8 million to provide resources to businesses across Minnesota who have faced unprecedented challenges over the past two years, according to DEED. More than half of the funding will be directed toward organizations and projects that will focus on Black, Indigenous and People of Color (BIPOC) business owners and entrepreneurs.
"This period of disruption in our economy is fertile ground to start a new business – evidenced by the big surge in new business starts we're seeing in Minnesota," DEED Commissioner Steve Grove said in a statement.
"Over the next few months, winners of these grants will be setting up and executing programs that will provide support for entrepreneurs, particularly those run by BIPOC leaders."