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Local groups get $400,000 to help emerging businesses

The Minnesota Department of Employment and Economic Development awarded $200,000 to the Entrepreneur Fund and another $200,000 to the University of Minnesota Duluth Center for Economic Development recently to boost assistance to startup businesses and entrepreneurs.

The two-year grants are part of a $2.7 million package DEED announced Monday.

The Duluth-based and Northland-serving Entrepreneur Fund helps plan and finance new business ventures, while the Center for Economic Development provides technical programs and services for small businesses in the region.