SBIC investment in MN
SBIC Atlas · sbicatlas.comRep. Brad Finstad (R)Rep. Angie Craig (D)Rep. Kelly Morrison (D)Rep. Betty McCollum (D)Rep. Ilhan Omar (D)Rep. Tom Emmer (R)Rep. Michelle Fischbach (R)Rep. Pete Stauber (R)Sen. Amy Klobuchar (D)Sen. Tina Smith (D)
Small Business Investment Companies (SBICs) are privately managed funds licensed by the SBA that invest in American small businesses. The Investing in All of America Act (2026) adds bonus leverage for investments in rural areas, low-income areas, critical technologies, and small manufacturers.
106
SBIC-backed companies
76
SBIC funds involved
15
In rural areas
32
In low-income areas
Industry mix
Manufacturing41
Information12
Unclassified10
Professional, Scientific & Technical Services8
Administrative & Support / Waste Management7
Health Care & Social Assistance5
Construction5
Wholesale Trade4
Companies in MN
| Company | Sector | City | Indicators |
|---|---|---|---|
| Aero Systems Engineering | Manufacturing | Saint Paul | Low-income area |
| All Star | — | Maple Plain | Rural |
| AllOver Media | Professional, Scientific & Technical Services | Plymouth | — |
| ATEK Access Technologies, LLC | Manufacturing | Savage | — |
| Atomic Data | Information | Minneapolis | Low-income area |
| Bay West | Administrative & Support / Waste Management | St. Paul | — |
| Baywest | — | Saint Paul | Low-income area |
| Behrens Manufacturing | Manufacturing | Winona | RuralLow-income area |
| Bellwether Media | Information | Bloomington | — |
| Biffs Inc. | Administrative & Support / Waste Management | Shakopee | — |
| BlueStem Brands | Retail Trade | Eden Prairie | Rural?Low-income area? |
| BrandFX Body Company | Manufacturing | Dunnell | Rural |
| Bravas | — | White Bear Lake | — |
| Brunk Holdings | — | Bloomington | Rural?Low-income area? |
| Calbrandt | Manufacturing | Delano | Rural |
| CAMP Digital | Information | Edina | — |
| Cirtec Medical | Manufacturing | Brooklyn Park | — |
| Coolibar | Retail Trade | Minneapolis | Low-income area |
| Corporate Technologies | Professional, Scientific & Technical Services | Eden Prairie | — |
| Cypress Rail Solutions | Transportation & Warehousing | Erskine | Rural |
| DGD Foods | Wholesale Trade | Edina | Rural?Low-income area? |
| DGI USA | — | Ramsey | — |
| Diversified Graphics | Manufacturing | Minneapolis | Low-income area |
| Diversified Packaging Holdings, LLC | Manufacturing | Blaine | — |
| DUOS | Digital health / Medicare benefits navigation for aging population | Minneapolis | — |
| Edmentum | Information | Bloomington | — |
| Elucent Medical | Manufacturing | Eden Prairie | — |
| Environmental Design (EDI) | Administrative & Support / Waste Management | Scandia | Rural |
| Fenix Group / Fenix Specialty Coatings (merger with National Coatings Inc.) | Manufacturing | Minnetonka | — |
| Fishbowl | Information | Minneapolis | — |
Showing 30 of 106 companies - the full list is online.
Source: SBIC Atlas (sbicatlas.com) - assembled from public disclosures with best-guess classification and Census-based geography. Counts reflect publicly known portfolio activity only and undercount funds that do not publish portfolios. Informational, not an SBA determination.