Minneapolis boasts a vibrant entrepreneurial ecosystem, offering a wealth of resources and support systems designed to help small business owners and aspiring entrepreneurs thrive. Whether you’re launching a new venture or looking to expand an existing business, the city provides numerous programs and organizations dedicated to fostering business growth and economic development.
City of Minneapolis Business Assistance Programs
The City of Minneapolis offers comprehensive assistance to entrepreneurs through various initiatives:
Business Technical Assistance Program (B-TAP)
B-TAP connects small businesses with free consulting services provided by local non-profit organizations. These services include business plan development, marketing strategies, financial management, and more. The program particularly focuses on supporting businesses owned by minorities, women, and low-income individuals. Learn more about B-TAP.
Small Business Resiliency Fund
In response to challenges faced by small businesses, the city established the $7 million Small Business Resiliency Fund. This fund aims to help businesses stabilize, reduce financial strain, and attract customers back to commercial areas. It includes license fee relief, free event permits, consulting services, marketing support, and grants for cultural mall operators. Explore the Resiliency Fund.
Local Organizations Supporting Entrepreneurs
Several local organizations play a pivotal role in supporting Minneapolis entrepreneurs:
Northside Economic Opportunity Network (NEON)
NEON focuses on building wealth for low-to-moderate income entrepreneurs in North Minneapolis. They offer free technical support, business development services, access to capital, and operate a 25,000 square foot commercial kitchen space for food entrepreneurs. In 2025, NEON disbursed $2.8 million in loans and assisted over 2,000 entrepreneurs. Discover NEON’s services.
Impact Hub Minneapolis-Saint Paul
Part of a global network, Impact Hub MSP connects entrepreneurs and innovators to resources, knowledge, and community. They offer shared workspace, training opportunities, one-on-one coaching, and various programs to support social impact startups. Join Impact Hub MSP.
Metropolitan Economic Development Association (MEDA)
MEDA provides integrated services including business consulting, access to capital, and connections to help entrepreneurs succeed. Their Ascend Twin Cities program offers business owners consulting services, helps them expand by facilitating partnerships, and provides access to capital. Learn about MEDA’s programs.
Additional Resources
Entrepreneurs can also benefit from programs like the Small Business Technical Assistance Program (B-TAP), which offers free consulting services to small businesses and entrepreneurs, focusing on areas such as business plan development, marketing strategies, and financial management. Find out more about B-TAP.
By leveraging these resources, Minneapolis entrepreneurs can access the support and guidance necessary to navigate the challenges of starting and growing a business, contributing to the city’s dynamic and diverse economic landscape.