Recent content from Jeffrey Meitrodt
In the 5-mile stretch of Minneapolis that sustained the heaviest destruction, uninsured losses among local small-business owners are at least $200 million, according to the Lake Street Council.
State officials defended their participation in the program, noting they followed all of the rules and used the money as it was intended.
Owners still struggling to rebuild share their frustrations over the failure to pass legislation that would have put much-needed cash in their hands.
Though technology drives the industry, Bremer bet on the value of human contact.
The bank will donate PPP fees to help small businesses owned by Blacks and other minorities.
Nearly 14,000 employers in Minnesota hauled in at least $150,000 from the federal program.
The forgivable loans from the federal Paycheck Protection Program can mean "the difference between a not-very-good year and a disastrous year," a brewery leader says.
132 employers in Minnesota, from private schools and law firms to restaurants, received at least $5 million.
Most small-business owners have already run through the money they received from the federal Paycheck Protection Program. With a slow summer looming, some say their businesses may not survive until 2021 if they don't get more help soon.
Though Liz Mattingly should have received her money in 10 days to jump-start her floral business, her PPP application stayed in limbo for 2 months. Here is one loan story.