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Powering Possible.

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An economy thrives when it has a skilled workforce
and locally owned businesses that provide quality jobs.

The Initiative Foundation’s combination of targeted business financing and consulting services helps to leverage private investment and create living-wage employment in the region.

From 2017-2019, the Initiative Foundation's goals are to ...

  • Create 300 quality jobs
  • Retain 600 quality jobs
  • Issue $6 million in new loans, resulting in $36 million in funds leveraged
  • Increase workforce skills for 900 people
  • Increse skills and knowledge for 300 emerging entrepreneurs
  • Help create 50 new business and social enterprise ventures
  • Issue $3 million in new loans to startup businesses and social enterprise ventures

 The Initiative Foundation accomplishes results through a range of partnerships with fellow CDFI organizations* and through the following activities and programs:

Community Development Financial Institutions, or CDFIs, are certified by the U.S. Department of the Treasury. The designation signifies that an organization meets stringent federal requirements as a financing entity with a mission to help people in underserved communities join the economic mainstream.

From Minnesota Compass ...

March 29th
Employment does not necessarily lead to health coverage for lower-income workers in the same way it typically does for higher income workers. This brief documents differences in health insurance coverage by workers’ income, and explores who is eligi…
March 8th
This report examines jobs with wages sufficient to meet basic needs in each of Minnesota's thirteen economic development regions. The "typical famliy's basic needs hourly wage" is defined by the Minnesota Department of Employment and Economic Development …
March 8th
A compilation of national and state-by-state data on poverty, health, child welfare, youth at risk, early childhood development, education, nutrition and housing. Report is compiled annually.

Employement and Economic Development News ...

April 20th
The goal is to encourage long-term economic development and housing investments in low-income communities.
April 19th
Over the past year, the state has gained 21,250 jobs, an increase of 0.7 percent.
April 17th
The grants are expected to create 1,050 new jobs.

Connect:

Jeff Wig

Jeff Wig
Vice President for Economic 
& Business Development
jwig@ifound.org

(320) 631-2006

Dan Bullert

Daniel Bullert
Business Finance Manager
dbullert@ifound.org
(320) 631-2013