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At the Paadio Grant Center, we empower micro, small, and medium businesses and community-based organizations (CBOs) by providing comprehensive support and resources to access vital grant opportunities. Our mission is simple: to be your trusted partner in navigating the complex world of grants, offering tailored assistance, expert guidance, and up-to-date information to help you succeed. Whether you're a startup seeking funding for growth or an established organization aiming to make a greater impact, we're here to champion your cause and drive positive change in your community. Explore our services, connect with our team, and embark on your grant journey with confidence. Welcome aboard!
CURRENT GRANTS - JUNE 2025
Minnesota Expanding Opportunity Fund Program
Minnesota Expanding Opportunity Fund Program
Granting Organization/Business Unit: Minnesota Department of Employment and Economic Development (MN DEED)
Website: MN DEED - Expanding Opportunity Fund
Overview
The Minnesota Expanding Opportunity Fund Program offers long-term loans to nonprofit corporations, Tribal economic development entities, and community development financial institutions (CDFIs) to increase lending activities and provide financing to small businesses across Minnesota. The goal is to promote economic inclusion and business growth in underserved communities. A total of $10 million has been appropriated for this one-time loan program, available until June 30, 2025, or until funds are exhausted.
Status (Profit/Nonprofit): Nonprofit
Eligibility Criteria/General Requirement:
Eligible applicants include:
Nonprofit corporations
Tribal economic development entities
Community development financial institutions (CDFIs)
Additional requirements:
Fewer than 100 full-time equivalent positions
Meet the statutory definition of a CDFI as per U.S. Code Title 12, Sec. 4702
Currently enrolled and participating in eligible federally funded state programs
Demonstrate technical skill, familiarity with funding sources, and capacity to manage loan portfolios
Must track loans using appropriate accounting practices and cooperate with other development organizations
Grant Requests Not Accepted: Not applicable – this is a loan program.
Application Deadline: June 30, 2025 or until all funds have been exhausted, whichever comes first
Focus Area/Areas of Expertise:
Small Business Development
Economic Inclusion
Community Financing
Contact Information:
Linda Asilo
Phone: (651) 259-7686
Email: Linda.Asilo@state.mn.us
