MILE Program Approves First Round of Startup Loans

Monday, January 07, 2019

Funding goes to four early-stage businesses in St. Louis Park, St. Paul, Mendota Heights and Mankato

ST. PAUL – Four high-tech startup businesses in Minnesota, including three owned and operated by women, have been approved for interest-free loans totaling $196,000 under a pilot program at the Minnesota Department of Employment and Economic Development (DEED).

DEED approved the funding from the Minnesota Innovation Loans for Entrepreneurs (MILE) program for UR Turn in St. Louis Park, Thrivors Inc. in St. Paul, Poma 22 in Mendota Heights and Guardian Athletics in Mankato.

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