Feature Image: Grand opening at China House Cafe in Truman, MN

31 businesses approved for funding in 2018

FOR IMMEDIATE RELEASE

Owatonna, Minn., January 7, 2019Southern Minnesota Initiative Foundation (SMIF) approved funding from its loan and equity funds to 31 businesses in 2018, investing more than $1.2 million in its 20-county region.

Funding was approved to the following businesses:

Dining and Craft Beverages

Health, Fitness and Beauty

Home

Local Foods

  • Antonia Navarro, Faribault (Rice County)
  • EJ Mushrooms LLC, Kasota (Le Sueur County)

Manufacturing

Marketing

Retail

Retreat

  • Heartland Retreat & Rental Hall, Elmore (Faribault County)

Technology

  • Austin BioSciences LLC, Austin (Mower County)
  • Checkmeet Local LLC, Northfield (Rice County)
  • Geneticure, Inc., Rochester (Olmsted County)
  • GoRout, Rochester (Olmsted County)
  • Live.Give.Save., Inc., Red Wing (Goodhue County)
  • Marblehead Medical LLC, Rochester (Olmsted County)
  • Sonex Health LLC, Rochester (Olmsted County)
  • Thaddeus Medical Systems, Inc, Rochester (Olmsted County)

For descriptions and information on financing partners for these loan and equity investments, see smifoundation.org/investments.

SMIF provides a range of finance and management assistance services to start and grow businesses. To learn more, call Marcia Haley at 507-214-7021, marciah@smifoundation.org or Diane Lewis at 507-214-7014, dianel@smifoundation.org.

SMIF is an equal opportunity lender. These loans were funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

About Southern Minnesota Initiative Foundation

Southern Minnesota Initiative Foundation (SMIF), a donor-supported foundation, invests for economic growth in the 20 counties of south central and southeastern Minnesota. The Foundation has provided more than $111 million in grants, loans and programming within the region during the past 32 years. SMIF’s key interests include early childhood, community and economic development. To learn more about our work and mission, visit www.smifoundation.org.