Minneapolis boasts a vibrant entrepreneurial ecosystem, offering a wealth of resources and support systems designed to foster the growth and success of small businesses. Whether you’re launching a new venture or seeking to expand an existing one, the city provides numerous programs to assist entrepreneurs at every stage.
Comprehensive Business Support Programs
Several organizations in Minneapolis are dedicated to providing tailored assistance to small businesses:
Northside Economic Opportunity Network (NEON)
NEON focuses on building wealth for low-to-moderate income entrepreneurs in North Minneapolis. Their services include free technical support, business development, and access to capital. In 2025, NEON disbursed $2.8 million in loans and assisted over 2,000 entrepreneurs. Learn more about NEON’s offerings.
NextStage
NextStage offers customized support to entrepreneurs at various stages, from planning and starting to growing a business. Their services encompass business plan development, licensing assistance, and access to financing. These services are available free of charge to residents and businesses in Minneapolis. Discover how NextStage can support your business.
Impact Hub Minneapolis-Saint Paul
Impact Hub MSP is part of a global network focused on building entrepreneurial communities for social impact. They provide shared workspace, training opportunities, one-on-one coaching, and curated events to connect entrepreneurs and innovators. Explore membership options at Impact Hub MSP.
City Initiatives and Financial Support
The City of Minneapolis actively supports small businesses through various initiatives:
Small Business Resiliency Fund
In response to challenges faced by local businesses, the city established a $7 million fund to provide license fee relief, support for events in commercial areas, and cultural market grants. This initiative aims to help businesses recover and thrive. Read more about the Small Business Resiliency Fund.
Small Business Technical Assistance Program (B-TAP)
B-TAP supports the development of entrepreneurs and businesses in Minneapolis, particularly those owned by minorities, women, and low-income individuals. The program offers free consulting assistance through partnerships with local non-profit organizations, covering areas such as business plan development, licensing, and marketing strategies. Find out more about B-TAP services.
Community and Networking Opportunities
Engaging with the local business community can provide valuable connections and insights:
Elevate Hennepin
Elevate Hennepin is a Hennepin County initiative designed to support small businesses by providing access to professional advising, training, and resources that help entrepreneurs grow and strengthen their operations. The program connects businesses with experienced advisors who can provide guidance on topics such as marketing, financial planning, and business strategy. Learn more about Elevate Hennepin.
By leveraging these resources, Minneapolis entrepreneurs can access the support and guidance necessary to navigate the challenges of business ownership and contribute to the city’s dynamic economic landscape.