Item Description:
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Neg Agmt PR00007939 with The Minneapolis Foundation to establish and administer a small business employee hardship fund, 12/12/25-12/31/29, NTE $75,000
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Resolution:
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BE IT RESOLVED, that the Executive Director be authorized to negotiate Agreement PR00007939 with The Minneapolis Foundation to establish and administer a small business employee hardship fund serving local businesses and their employees during the period December 12, 2025 through December 31, 2029, with a not to exceed amount of $75,000; that following review and approval by the County Attorney's Office, the Executive Director be authorized to sign the agreement and related documents on behalf of the Authority; and that the Controller be authorized to disburse funds as directed.
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Background:
Employee hardship funds (EHFs) (also referred to as employee assistance funds, employee resource funds, or employee relief funds), allow income-eligible employees to apply for one-time, limited grants funded by their employer, helping workers maintain stability and stay in the workforce during times of personal crisis. EHFs help employers retain vulnerable workers while boosting resilience and engagement across their entire workforce. These funds also contribute to overall talent retention and recruitment efforts, keys to ongoing success and business growth.
The Minneapolis Foundation has a successful track record of partnering with local businesses to establish and implement customized EHFs in a manner that minimizes the administrative burden on the business. The Minneapolis Foundation manages EHFs on behalf of employers, including accepting and evaluating employee funding applications, issuing grants to eligible employees for qualifying events, and providing quarterly reports to businesses while maintaining employee confidentiality. Since 2006, 13 local companies ranging in size from 200 to over 85,000 employees have partnered with The Minneapolis Foundation to offer cu...
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