Helping new businesses
OWATONNA At Southern Minnesota Initiative Foundation, one of the three program areas we focus on is economic development. Since our founding in 1986, we have worked to catalyze entrepreneurial activity in our 20-county region by providing early-stage investments, traditional loans, micro loans, technical assistance and mentoring of entrepreneurs. Each year, we invest about $1.8 million in economic development initiatives. Just within the past few months, we closed loans with a food truck called Peppered Cow in Albert Lea, Jessica’s Daycare in Austin, Fiddlehead Coffee Company in ...