DMC launches $3 Million Main Street Grant Program

(ABC 6 NEWS) – The City of Rochester and Destination Medical Center Economic Development Agency are launching a $3 Million Dollar Main Street Grant Program, and if you’re a business owner, you could get some of the money.

Funding for the grant was awarded back in October by the Minnesota Department of Employment and Economic Development.

The purpose of this is to have businesses apply for the grant, and if your application is accepted, the grant will cover up to 30 percent of project costs.

You are eligible for this grant funding if your company is in the DMC Development District.

Priority will be given to businesses and organizations that represent veterans, disabled, or BIPOC people.

The goal of the grant is to help businesses build wealth and create jobs.

"Our goal is to make these dollars available not only to those who have traditionally had access to capital but those who traditionally have not had access to capital," Chris Schad, director of business development for Destination Medical Center EDA said.

Capital investments include repair or renovation to retail property including expansions and additions.

The purchase of retail space will not be eligible.

For more information on how to apply, you can contact DMC at info@dmc.mn.

To see what investments are funded, visit this link.