In April 2022, North News –a grassroots print and digital community news source in North Minneapolis – featured an article about the Minnesota Inclusive Growth Fund in their print publication. Read the article now.
This MinnPost article about the Minnesota Inclusive Growth Fund is co-authored by representatives from each organization of the Catalyst Coalition, the consortium of nonprofit lenders that collectively launched MIGF. Read the article now.
In this Minneapolis/St. Paul Business Journal article, Anisha Murphy – vice president of community advancement for Community Reinvestment Fund, USA – speaks about the Minnesota Inclusive Growth Fund and how it is designed to help small business owners impacted by the pandemic and civil unrest of 2020. Read the article.
In March 2022, Minnesota Women’s Press – a Twin Cities-based publication and one of the longest continuously run feminist platforms in the U.S – featured a story about the Minnesota Inclusive Growth Fund. Read the article now
Small businesses can apply now for loans, access resources to help recovery MINNEAPOLIS – Mar. 3, 2022 – Minnesota small businesses can now apply for low interest financing of up to $200,000 from the Minnesota Inclusive Growth Fund (MIGF). The Fund is designed to increase access to flexible and affordable capital and small business support services for underbanked businesses across Minnesota that have suffered a direct economic disruption as a result of COVID-19 or civil unrest. Created by a group of five leading Minnesota-based small business support organizations collectively called the Catalyst Coalition, MIGF places an emphasis on long-term recovery, growth, and businesses in low-to-moderate income or underbanked communities. MIGF is designed to equip community small businesses and mission-driven small business lenders with the support required to meet the unique rebuilding and recovery needs of the communities they serve. The Fund offers two types of loans for small businesses that employ 20 or fewer employees or had less than $3 million in revenue in 2019. One loan for businesses seeking working capital and another for growth-stage businesses seeking financing for capital expenditures. “We encourage Minnesota small businesses impacted by the COVID-19 pandemic or civil unrest to visit mngrowthfund.com and apply now,” said Anisha Murphy,