Saint Paul offers a wealth of resources to support small businesses and entrepreneurs. Whether you’re starting a new venture or looking to expand, understanding the available assistance can be crucial to your success.
Financial Assistance Programs
The City of Saint Paul provides several financial programs to aid businesses:
- Neighborhood STAR Program: Offers grants and loans for capital improvement projects, with awards typically ranging from $5,000 to $50,000.
- Business Assistance Fund: Provides financing to new and existing businesses needing capital to improve or grow their operations.
- BizRecycling Grants: Supports businesses in reducing waste and improving recycling efforts through various grants.
For more details on these programs, visit the City’s Business Resources page.
Technical Assistance and Support
Beyond financial aid, Saint Paul offers technical assistance to help businesses navigate various processes:
- Business Resource Center: Connects business owners with city departments and other agencies, offering support in permitting, licensing, and site selection.
- Full Stack Saint Paul: A public-private collaboration that leverages tech and innovation to drive economic development, providing resources and connections for business leaders.
Learn more about these services on the Business Technical Assistance page.
Success Stories: Local Businesses Thriving
Several local businesses have successfully utilized these resources:
Mo’s Tropical Market
Established in 2019, Mo’s Tropical Market specializes in tropical fruits and vegetables from Southeast Asia and Latin America. Facing rapid growth, owner Mo Chang sought assistance to expand. In 2022, the business secured an SBA 7(a) loan and additional support from local organizations, leading to the opening of a 28,000 sq. ft. wholesale facility in downtown Saint Paul. This expansion has created over 75 jobs and enhanced the market’s offerings.
LifeStyle Day Center
Located on University Avenue, LifeStyle Day Center provides a social community for seniors and adults needing special care. The COVID-19 pandemic posed significant challenges, but with support from the Saint Paul Port Authority’s Small Business Loan Program, owner Sheng Amerson revitalized the business. By July 2020, the center reopened, offering essential social interactions and services to its participants.
These stories highlight the resilience and growth achievable with the right support and resources in Saint Paul.
Getting Started
If you’re considering starting or expanding a business in Saint Paul, the first step is to connect with the Business Resource Center. They can guide you through available programs and help tailor support to your specific needs. Contact them at 651-266-6565 or via email at businessresources@ci.stpaul.mn.us.
By leveraging these resources, entrepreneurs can navigate the challenges of business ownership and contribute to the vibrant economic landscape of Saint Paul.