Economic Mobility Grants
The Economic Mobility Grants from the Minneapolis Foundation fund nonprofits strengthening small business ecosystems and entrepreneurship in Minneapolis and nearby suburbs.
Funder: Minneapolis Foundation
Due Dates (Anticipated): May 2027 (full application submission deadline, projected)
Funding Amounts: ~$2 million total; typical awards $50,000–$100,000/year for 2 years (max $150,000 over two years)
Summary: Supports nonprofits advancing economic mobility by strengthening small business ecosystems and entrepreneurship in Minneapolis and nearby suburbs.
Key Information: Only one application per organization; 2027 applicants cannot be current 2026–2028 grantees.
Description
The Economic Mobility Grants program from the Minneapolis Foundation is designed to support nonprofit organizations that play a key role in fostering entrepreneurship and strengthening the local economy. The focus is on small business support, particularly in historically underinvested areas, with the aim of closing wealth gaps and building lasting community stability. Grants provide general operating support, enabling organizations to deliver technical assistance, expand access to capital, invest in staff and systems, and deepen partnerships within the small business ecosystem. The program prioritizes organizations serving Minneapolis and the inner-ring suburbs of Hennepin County and those supporting entrepreneurs who face systemic barriers to business ownership and growth.
