News & Updates
Updates from the Coalition
Celebrating Leadership: Jeff Aguy and Marcus Owens Recognized as Twin Cities Business Top 100 Leaders for 2025
Jeff Aguy joined the GroundBreak Coalition in March 2024 to help implement solutions that will unlock unprecedented capital for aspiring entrepreneurs and commercial developers. A born entrepreneur, Jeff is helping build innovative systems and teams that will enable more financing to flow toward new and growing businesses and neighborhood commercial developments in the Minneapolis-St. Paul region and beyond. We interviewed Jeff to learn more about what he sees on the horizon for GroundBreak.
GroundBreak Coalition Announces Financial Managers for Guarantee and Loan Capital Pools
Mission Driven Finance and Broadstreet Impact Services unanimously selected by local Selection Committees to join the Minneapolis Foundation as financial managers of three major financial pools. Coalition is now seeking proposals for local originating partners to begin distribution of financial resources in 2025.
GroundBreak Announces RFPs for Origination Partners for Commercial Real Estate
GroundBreak Coalition is seeking up to five (5) origination partners to make special purpose credit program loans to contribute to building Black wealth through commercial real estate developments, including mixed-use neighborhood developments with housing and other business developments. These origination partners (e.g., community lenders, CDFIs, and other financial intermediaries) are a crucial component of the GroundBreak new financial system. They will facilitate the flow of capital to developers who can build wealth for themselves and create equitable economic opportunities in underinvested communities.
GroundBreak Announces RFPs for Origination Partners for Entrepreneurship
GroundBreak Coalition is seeking up to four (4) origination partners to administer forgivable loans up to $50K each that support entrepreneurs committed to building Black wealth in the Minneapolis-St. Paul region, particularly those in the start-up growth phase. This funding, which come in the form of special purpose credit programs, will help replicate the traditional friends and family funding round with grants designed to unlock additional funding to drive entrepreneurs toward long-term growth, in doing so GroundBreak funds will propel racial wealth equity in our region.
In the News
In the News
Featured Video
Groundbreak Newsletters
Other Coalition Updates
See GroundBreak Coalition workgroup recommendations, monthly update call recordings, and past meeting summaries.