From PROMISE to progress: MEDA's $22M loan program transforms BIPOC small businesses in the Twin Cities
Nov 06, 2024
A quiet revolution is taking place in the heart of the Twin Cities. The Minnesota PROMISE Act, a transformative legislative initiative passed in 2023, is breathing new life into disadvantaged neighborhoods through strategic loans and grants.
This revolution is sorely needed. The wealth gap facing BIPOC small business owners remains a significant roadblock to business growth. Affordable, nonpredatory financing options are more challenging for BIPOC entrepreneurs to access. This means hundreds of…