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Mandate Details

Description: Report on the PROMISE grant program, based on information from partner organizations participating in the program, including descriptions of the businesses supported by the program, the amounts granted, and an explanation of administrative expenses
Law: 2023 Minn. Laws Chap. 53 Art. 18 Sec. 2 Subd. 6
Agency(ies)/Supplier(s): Minn. Dept. of Employment and Economic Development
Due Date: 03/15/2026
Frequency: One time
Topics: Business - Business-MN
Economic Development
Mandate Groups: Jobs and Economic Development
Committee/Agency Jurisdiction: Economic Development/Growth
Note: Reports from the partner organizations to the Minn. Dept. of Employment and Economic Development are due by January 31, 2026. "Providing Resources and Opportunity and Maximizing Investments in Striving Entrepreneurs (PROMISE) Act" 2023 Minn. Laws Chap. 53 Art. 18 Sec. 3 Subd. 8 mandates a report on the PROMISE loan program.

Item(s) Received

TitlePublisher(s)Publication DateCoverageDate ReceivedReport Link
FY25 PROMISE Act Grant Program Annual Report Minn. Dept. of Employment and Economic Development March 18, 2026FY 202503/19/2026 26-0576.pdf