Businesses negatively impacted by this year’s warm and snowless winter may be eligible for loans through the Small Business Administration.
Eighty-one counties in the state are currently covered by federal disaster declarations for drought conditions, exacerbated by the lack of snowfall in Minnesota. From December to February, Minnesota experienced the warmest meteorological winter on record.
Under the Economic Injury Disaster Loans program, businesses can borrow up to $2 million to cover their actual losses. They pay no interest on the loan for the first year and no more than 4% for the rest of the loan period.
A webinar hosted by the SBA will be at 10 a.m. Friday, March 15, to provide information about the disaster declaration, how to apply for a loan, and the use of loan proceeds. Business owners can learn more about eligibility, find an application and learn more about application deadlines for their county at the SBA's disaster assistance page.
-
Plus: Minnesota faces storage drought; Forest tent caterpillars cause tree damage -
Stella Mayerhoff/KAXE / Report for AmericaThe meeting was an early step in the environmental review process required by state law for any proposed mines in Minnesota. -
Contributed/Trina Swanson / Luke GulbransonTrina Swanson has raised the most of the two candidates vying to challenge Rep. Pete Stauber, though the Republican has raised significantly more than Swanson and Luke Gulbranson. -
Emma Krab/KAXEMesaba State Rooms lodging project did not align with city plans, Nashwauk City Council decided. -
Plus: MN DNR took comments on Tamarack Mining Project; and proposed lodging denied by Nashwauk City Council
-
Contributed/Pixabay via PexelsThe company cited "unforeseen business circumstances" as the reason for reducing its operation and laying off employees in a notice to the state. -
Plus: Leech lake fisheries seeks public input, youths tackle aquatic invasive species issue
-
Lorie Shaull/KAXEDrew Brockett of Piragis Northwoods Co. in Ely said it was a huge relief to have Fernberg corridor entry points open. But outfitters are still feeling the impact of continued closures. -
Contributed/White Oak Casino / Ryan WhiteBryan v. Itasca County paved the way for the modern tribal gaming industry. The monument recognizes Leech Lake Band member Helen Bryan and her husband, Russell Bryan. -
Contributed/Three Rivers Park DistrictFor Minnesota youths, leaders in charge of combating invasive species in lakes said the work can be a career training game changer.
