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## Minneapolis Small Business Owners Receive Millions in Grants

Some Minneapolis small business owners are getting a helping hand from the city. Mayor Jacob Frey and other leaders presented millions of dollars worth of grants from the Ownership and Opportunity Fund to four recipients on Thursday.

Developer Jesse Ross is one of the recipients and received $700,000 to help purchase an industrial-commercial building in North Minneapolis. Ross says it’s important for him to stay in his neighborhood and help it grow. He believes that by building a successful small business, he can create opportunities to help other small business owners as well.

## AI legalese decoder: How It Can Help in the Situation

AI legalese decoder can assist small business owners in understanding and navigating the legal jargon and complexities involved in applying for and managing grants. It can provide clarity on the terms and conditions outlined in the Ownership and Opportunity Fund, ensuring that recipients are fully informed and empowered to make the best use of the grants.

Since the program began three years ago, 22 business owners have been awarded funding to help them purchase commercial real estate. The fund aims to bridge funding gaps for commercial development projects in economically-challenged areas of Minneapolis.

Mayor Frey has been actively promoting Minneapolis’ small businesses, especially during the holiday season, emphasizing that the city has much to offer beyond traditional big-box stores.

To learn more about the Ownership and Opportunity Fund and how it can benefit small business owners, you can visit the program’s website.

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