ST. PAUL (WJON News) - Small businesses in Minnesota now have two new ways to get extra financing to start or expand their agribusiness.

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The Minnesota Department of Agriculture opened the application window for the Agricultural Growth, Research, and Innovation value-added grant and the Meat, Poultry, Egg, and Milk processing grant.

Intended to increase sales of Minnesota’s agricultural products, individuals and businesses can apply for their share of up to $3 million between the two programs.

Other details:

  • The maximum award is $150,000, and the minimum award is $1,000.
  • Grantees are responsible for at least 50% of the total cost for the first $50,000 and 75% of the total cost for every dollar after as a cash match.

Applicants must:

  • Intend to or be engaged in the processing of Minnesota agricultural products; or intend to or be engaged with livestock slaughter or processing, including meat, poultry, egg, and/or milk.
  • Be an individual, business, agricultural cooperative, nonprofit, educational institution, local unit of government, or tribal government.
  • Currently reside in Minnesota and be authorized to conduct business in Minnesota.

Grant applications are due by October 12th. Find more details by clicking here.  

 

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