Mankato business one of 22 receiving monetary support
Gov. Tim Walz and MN DEED announced $5 million in loans will be distributed to 22 businesses. One of the businesses is Mankato-based AmeriStar Manufacturing.
Published: Jun. 1, 2023 at 6:32 AM CDT
ST. PAUL, Minn. (KEYC) - The Minnesota Government puts more money forward to support small businesses across the state.
Governor Tim Walz and the state Department of Employment and Economic Development announcing $5 million in loans will be distributed to 22 businesses.
One of the businesses selected is Mankato-based AmeriStar Manufacturing. Of the $5 million, AmeriStar will be receiving $492,000.
These businesses are the first recipients of funding through the state’s new 100 million State Small Business Credit Initiative.
The program targets businesses with fewer than 500 employees.
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