Minnesota Taxpayers Spending $3 Million on Malls

The Minnesota Department of Employment and Economic Development (DEED) announced recipients of the $3 million Minnesota Cultural Mall Operator Grants program.

The Legislature passed the $64 million bipartisan Main Street COVID-19 Relief package in 2021 and Gov. Tim Walz signed it into law, which will award grants ranging from $20,000 to $300,000 to 12 cultural mall operators across Minnesota whose facilities lease space to a total of over 1,178 Black, Indigenous, and People of Color business owners.

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Coronavirus Restrictions Devastate Black Business Owners, Who Are Down 41 Percent: Study

The coronavirus pandemic has led to the largest drop in small business ownership in the United States, hurting black business owners the most, according to a June study from an economic research organization.

3.3 million business owners are not actively working, and 22% of the closures came during the February-to-April window of coronavirus restrictions, reported Axios, citing a National Bureau of Economic Research working paper. In the whole Great Recession of 2008, small business owners shrank by 730,000 at 5% reduction, the study noted.

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