Saying that small business is the backbone of Minnesota’s economy, Governor Tim Pawlenty today proposed a comprehensive new program to stimulate rural economic development. The initiative - Strategic Entrepreneurial Economic Development (SEED) – is designed to help strengthen communities and expand the small business base throughout Minnesota.
“Investing in small business will bring lasting value and economic growth to our entire state and especially rural communities that need it most,” Governor Pawlenty said. “Companies with fewer than 100 employees account for 97 percent of the state’s businesses and generate most new jobs. SEED will help new business, existing companies, and rural communities by providing a wide variety of economic development tools that can be matched to each situation.”
Read more about SEED.