Minneapolis boasts a vibrant entrepreneurial ecosystem, offering a wealth of resources to support small business owners and aspiring entrepreneurs. Whether you’re launching a new venture or seeking to expand an existing business, the city provides numerous programs and organizations dedicated to fostering success.
City of Minneapolis Business Assistance
The City of Minneapolis offers comprehensive support through its Business Technical Assistance Program (B-TAP). This initiative connects entrepreneurs with local non-profit organizations that provide free consulting services, including business plan development, financial projections, licensing guidance, and marketing strategies. B-TAP particularly focuses on assisting businesses owned by minorities, women, and low-income individuals. More information is available on the city’s official website.
Northside Economic Opportunity Network (NEON)
Since 2006, NEON has been dedicated to building wealth for low-to-moderate income entrepreneurs in North Minneapolis. The organization offers free technical support, business development services, and access to capital. In 2025 alone, NEON disbursed $2.8 million in loans to small businesses and provided over 6,000 hours of technical assistance.
NextStage
NextStage provides customized support for entrepreneurs at every stage of business development. Their services include assistance with business planning, entity selection, licensing, compliance, and access to financing. NextStage’s nonprofit services are available free of charge to residents and businesses in Minneapolis.
Impact Hub Minneapolis-Saint Paul
Impact Hub MSP is part of a global network focused on building entrepreneurial communities for social impact. They offer shared workspace, training opportunities, one-on-one coaching, and curated events to connect entrepreneurs and innovators. Membership provides access to a supportive community and resources to grow your business.
Small Business Resiliency Fund
In response to challenges faced by local businesses, the City of Minneapolis established the $7 million Small Business Resiliency Fund. This fund provides license fee relief, support for events and activations in commercial areas, cultural market grants, and more, aiming to help businesses recover and thrive.
By leveraging these resources, Minneapolis entrepreneurs can access the support and guidance necessary to navigate the complexities of starting and growing a business, contributing to the city’s dynamic and diverse economic landscape.