The Minneapolis Foundation is seeking applications for the OneMPLS Rebuild Fund to provide flexible resources to organizations that support BIPOC-led Minneapolis businesses that were economically impacted by the COVID-19 pandemic, and which are now facing additional financial distress as a result of the civic unrest following the killing of George Floyd.
The Foundation will support Community Development Financial Institution (CDFIs) intermediaries, technical service providers, and collaboratives serving impacted BIPOC businesses in Lake Street, North Minneapolis, and University Avenue areas.
- Approximately $1.7 million is available.
- Collaborative requests are encouraged.
- Grantees will be required to submit a brief narrative report and itemized budget at the conclusion of the grant.
Funds will be deployed to support immediate and short-term (1-6 months) strategies to assist Minneapolis BIPOC businesses as they navigate challenges related to the financial crisis, damage, and destruction due to public unrest after the killing of George Floyd and longstanding injustice in Minneapolis.
The Foundation will fund:
- Direct financial support for the immediate relief, transition, or closure of BIPOC-led businesses.
- Technical assistance, immediate support, legal consultation, and protection from predatory practices.
- The organizational capacity of intermediaries and technical assistance providers as they manage the added financial and physical challenges of supporting businesses impacted by the pandemic.
- The application process opens on July 23, 2020, at 1 p.m. and closes at 1:00 p.m. on August 17, 2020.
- Decisions will be made by September 9, 2020.
For more information, visit https://www.minneapolisfoundation.org/onempls-rebuild/