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The Application Portal Opens Next Week for the Minnesota Main Street COVID Relief Grants Program

Sep 14, 2021 10:32:08 AM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business accounting

Minnesota Main Street Covid Relief Grants Program will grant $10,000 - $25,000 to several thousand Minnesota businesses that can prove a financial loss due to COVID-19. The selection process is random, and the online application portal will only be open for 10 days - are you ready?

Here, we'll cover what you need to have prepared, when the portal opens, and if you qualify.

Blog - The Application Portal Opens Next Week for the Minnesota Main Street COVID Relief Grants Program

What do you need to know about the application portal?

What do you need to have ready by the time the portal opens?
The portal requires:
  • A functioning email address. This is used to recover and check the status of your application. There is only one application allowed per business, including businesses with multiple locations.
  • You'll need to answer a series of questions about your business and its finances, the owner, and the employees.
  • You'll also be asked to include supporting documents, such as business tax documents from 2019-2021, financial statements, and government-issued ID.

When will the portal open?

This application portal opens by 10:00 a.m. on September 20, 2021. It will only be open for 10 days!
SMALL BUSINESS PROFITABILITY CHECKLIST
 
 

Here's a recap on the Main Street grants program.

How can you qualify?

You must:

  • Be a private, for-profit business or a non-profit organization with primary operations located in Minnesota.
  • Be at least 50% owned by resident(s) of Minnesota.
  • Employ less than 200 full-time workers.
  • Be able to demonstrate financial hardship resulting from COVID-19.
  • Make at least $10,000 in total sales or revenue for the 2020 or 2019 tax year.

What else do you need to know about the funds?

None of this money will need to be repaid. Funds must be used for payroll, rent or mortgage, utilities, and similar expenses that have occurred since March 12, 2020 or will occur in the future.
Download the Small Business Accounting Kit

What have we done so far?

How much money has CSI Accounting & Payroll gotten for our clients?

We've already helped our clients obtain critical COVID relief funds - over $10 million in total! (And counting!)
  • PPP loan 1 provided our clients who applied with over $6 million.
  • PPP loan 2 brought in over $3 million.
  • The ERC has hit over $1 million.

Ready to learn more?

At CSI Accounting & Payroll, we stay on top of the changes in COVID relief efforts in order to help our clients through this difficult time. Relief money means anything from recovering from a financial loss to helping your business keep its doors open! Click the button below for a free consultation.

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CSI Accounting Staff

Written by CSI Accounting Staff

Client Development Manager

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