Southwest Initiative Foundation

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PROMISE Act Grants

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Applications for the PROMISE Act Grant program are closed. A second round is anticipated in 2025. To stay updated, register your email to be notified when we have more information.

Sign up to be notified about future PROMISE Act Grant opportunities.

Learn more about PROMISE Act Grant program eligibility by visiting the Minnesota Department of Employment and Economic Development (DEED).

Southwest Initiative Foundation (SWIF) will administer the PROMISE Act Grant program for small businesses in southwest Minnesota located within its service area, which includes 18 counties and two Native nations. Funding and eligibility guidelines for this competitive grant program were established in law during the 2023 Minnesota legislative session.

Competitive grants range between $10,000 to $50,000 from the Minnesota Department of Employment and Economic Development (DEED) to organizations that have been adversely affected by lack of access to capital, loss of population or an aging population, structural racial discrimination, civil unrest, and/or lack of regional economic diversification. The most competitive applicants have experienced economic hardship and did not receive significant COVID-19 relief funding of more than $10,000 from the State of Minnesota.

This program is not first-come, first-served; apply any time by the deadline. These grants will be competitive as grant funds are limited and not all businesses can expect to receive one.

Contact Information

Briana poses for a formal head shot in front of a gray background.

Briana Mumme
Economic Development Manager
320-583-5025
[email protected]

Additional Partners for PROMISE Act Grants

The PROMISE Act Grant is a statewide program with multiple partners accepting applications throughout the Minnesota. SWIF is one of six Minnesota Initiative Foundations (MIFs) that will accept applications through this program, in addition to the Neighborhood Development Center, which will accept applications in certain areas of the Twin Cities metro.

For businesses that are not located in our region, please consult the following website to determine who to contact for this program: https://mn.gov/deed/business/financing-business/deed-programs/promise-grant/