SMIF seeking applications for Economic Development Incentive grants

Up to $60,000 available to support entrepreneurs

FOR IMMEDIATE RELEASE

OWATONNA, Minn., April 12, 2018 - Southern Minnesota Initiative Foundation (SMIF), is currently accepting applications for its Economic Development Incentive grant program. This grant opportunity is available to nonprofits, units of government, and other public agencies throughout SMIF’s 20-county region. Requests of up to $20,000 will be considered.

SMIF’s economic development grants are designed to support new collaborative initiatives that support entrepreneurs. Projects which provide specialized training to new and expanding entrepreneurs and businesses, create new collaborations, develop new business resources, or create new opportunities for entrepreneurs will be considered. Examples of projects include business incubators, coworking spaces, and business training programs.

Previous grant projects include the Red Wing Innovation Incubator and the Albert Lea Entrepreneurial Advancement Program.

“Building resilient economic development processes to enhance business growth is essential to creating sustainable economic prosperity,” said Pam Bishop, Vice President of Economic Development at SMIF. “We are excited to see the new ideas and innovative projects submitted from southern Minnesota communities which result in expanding and starting new companies as well as boost collaborations and partnerships.”

SMIF is simultaneously seeking applications for the FEAST! Smart Start Grant and the Paint the Town Grant.

Applications for this Economic Development Incentive Grant round are due to SMIF by May 15, 2018. Awardees will be notified in June 2018. 

For more information or to apply click here, or contact Jennifer Heien at 507-214-7040; jenniferh@smifoundation.org.

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 $106 million in grants, loans and programming within the region during the past 31 years. SMIF's key interests include early childhood, community and economic development. To learn more about our work and mission, visit www.smifoundation.org.

Media contact:

Katie Godfrey
Communications Coordinator
katieg@smifoundation.org
(507) 214-7022

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