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Saturday, November 23, 2024

DEED Offering Automation Loans/Grants to Small Businesses

The Minnesota Department of Employment and Economic Development (DEED) has announced a new program to support automation for manufacturers as part of the $97 million State Small Business Credit Initiative.

Loans of up to $500,000 are available for manufacturing, distribution, technology, and warehousing businesses with 500 or fewer employees, and grants of up to $35,000 are available to train employees to operate the automation technology.

To learn more about this program and to access numerous links, go to the DEED website to see if this program could benefit your small business: https://mn.gov/deed/newscenter/press-releases/#/detail/appId/1/id/549361

Original source can be found here.

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