Minnesota SF1145 allocates $50 million to the GroundBreak Capital Access and Innovation Fund for forgivable loans and equity enhancements.
Minnesota SF1145 establishes the GroundBreak Capital Access and Innovation Fund, appropriating $50 million for fiscal year 2026. The fund aims to improve access to capital for entrepreneurship, commercial real estate development, and homeownership through forgivable business loans, flexible capital, and traditional bank loans. The Minneapolis Foundation is tasked with administering the fund, providing capital to originating partners for forgivable startup loans, commercial real estate equity enhancements, and down payment assistance loans.
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