Earlier this month, Loeffler had notified Minnesota Gov. Tim Walz that the SBA would immediately halt more than $5.5 million in annual support to resource partners in the state until further notice.
The freeze targets Small Business Development Centers, women’s business centers, microloan programs, and other federal disbursements, effectively pausing the entire 2025 schedule of SBA support to Minnesota.
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The move comes as investigations reveal that Minnesota became ground zero for pandemic-era fraud, with a Somali-centered criminal network reportedly siphoning at least $1 billion through welfare and Medicaid programs, contributing to a total estimated loss of $9 billion.
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