McCollum Offers $ 2 Million For Ethnic Entrepreneurs And Cultural Neighborhoods In St. Paul – Twin Cities
Community organizations in St. Paul may soon get $ 2 million in federal funding to support place and small business initiatives in ethnic neighborhoods.
United States Representative Betty McCollum on Tuesday announced that the Financial Services Appropriations Bill presented to the House for debate includes two separate $ 1 million grants for Neighborhood-led community development projects Development Center and LISC Twin Cities. The bill must also receive Senate approval.
The Neighborhood Development Center’s Small Business Incubator Project would help business owners of color buy space in their own neighborhoods to successfully start their businesses. Federal funds would be distributed to five projects. The funds would also help NDC’s University Avenue training center to support other local and national economic development organizations.
LISC Twin Cities’ Creative Placemaking Project would receive $ 1 million for four or five grants for cultural districts such as Little Mekong, Little Africa / Midway, Frogtown / Rondo and East Seventh Street. The funding would support a small business incubator space, affordable commercial space, and community space for arts and events. The funding would also support technical assistance to entrepreneurs of color and community organizations, as well as a guide showing how businesses and artists can work together in mutually beneficial ways.
The overall bill includes funding of $ 29.1 billion, an increase of $ 4.8 billion from 2021.