Minneapolis boasts a vibrant entrepreneurial ecosystem, offering a wealth of resources to support small businesses at every stage. Whether you’re launching a startup or aiming to expand, understanding the available support can be pivotal to your success.
City of Minneapolis Business Assistance
The City of Minneapolis provides comprehensive assistance through its Community Planning & Economic Development (CPED) department. Entrepreneurs can access services such as business planning, licensing guidance, and financial support. The Small Business Team offers personalized consultations to help navigate the complexities of starting and growing a business.
Business Technical Assistance Program (B-TAP)
To further bolster small businesses, the city offers the Business Technical Assistance Program (B-TAP). This initiative connects entrepreneurs with local non-profit organizations that provide free consulting services. Assistance includes developing business plans, financial projections, marketing strategies, and more.
NextStage
NextStage is a nonprofit organization dedicated to supporting entrepreneurs at every stage of their business journey. They offer customized, direct assistance and practical solutions for new or existing businesses, including help with business planning, entity selection, licensing, compliance, and access to financing.
Northside Economic Opportunity Network (NEON)
NEON focuses on building wealth for low-to-moderate income entrepreneurs in North Minneapolis. They provide free technical support, including trainings and workshops, business development assistance, access to capital, and business incubator programs.
Metropolitan Economic Development Association (MEDA)
MEDA offers integrated services in business consulting, access to capital, and connections to help entrepreneurs succeed. They provide robust consulting and lending services to small business owners, aiming to create economic equity and empower local BIPOC entrepreneurs.
Impact Hub Minneapolis-Saint Paul
Impact Hub MSP is part of a global network focused on building entrepreneurial communities for impact. They connect entrepreneurs and innovators to resources, knowledge, and community through shared workspace, training opportunities, coaching, events, and social impact startup support.
By leveraging these resources, Minneapolis entrepreneurs can find 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.