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MBFC Summer 2009 Newsletter – In Your Best Interest
MBFC Fall 2008 Newsletter – In Your Best Interest
MBFC Summer 2008 Newsletter – In Your Best Interest
MBFC Spring 2008 Newsletter – In Your Best Interest
MBFC Fall 2007 Newsletter – In Your Best Interest
MBFC Spring 2007 Newsletter – In Your Best Interest
MBFC Fall Newsletter – In Your Best Interest
Steven C. Preston Sworn In As Administrator of SBA
MBFC Summer Newsletter – In Your Best Interest
MBFC Spring Newsletter – In Your Best Interest
MBFC CEO Named SBA Financial Services Champion
Dance Pioneers Win SBA Entrepreneurial Success Award
MBFC Generates Record Amount of SBA 504 loans
$250,000 MBFC Grant Boosts Lakes Area Businesses
Minnesota Business Finance Corporation Sends Professionals to School
 Organization Develops Scholarship to Promote Economic Development
MINNEAPOLIS – November 2 – The Minnesota Business Finance Corporation today announced the introduction of the Wilt Croonquist Scholarship in recognition and appreciation for his many years of service on the MBFC Board of Directors.
The scholarship will be awarded annually to a qualified applicant electing to attend the Upper Midwest Basic Economic Development Course held every July at the University of Minnesota – Duluth. The course, accredited by the International Economic Development Council, is an intensive, week-long program focusing on the theory and practice of economic development fundamentals.
The scholarship was established to allow individuals, like Wilt, who have enjoyed a career in business or industry, but, rather than retiring, have chosen to give back to their community and to the state of Minnesota by beginning a second career in economic development, bringing the skills and experience gained in their fields into the public realm.
Sadly, hours after learning of the establishment of the scholarship, Wilt passed away after a year-long battle with cancer. His contributions to the economic development community, to MBFC, and to numerous charitable causes will be long remembered.
About MBFC
Minnesota Business Finance Corporation (MBFC) is a private not-for-profit 501 (c)(3) organization licensed by the U.S. Small Business Administration as a Certified Development Company (CDC).
Our CDC was created in 1983 as Opportunities Minnesota Inc. (OMNI), which was then a division of the Minnesota Department of Trade and Economic Development. In 1993, through the enactment of state legislation, the organization became a quasi-public agency, and in 1996, it was privatized and renamed the Minnesota Business Finance Corporation (MBFC). MBFC serves the entire state of Minnesota from offices in Minneapolis, St. Cloud and Bemidji.
MBFC’s subsidiary, the Minnesota Center for Business Development, LLC, owns and operates a regional economic development center at 616 Roosevelt Road in St. Cloud, which is essentially a one-stop shop for small businesses seeking financing, equity capital, and managerial and technical assistance. Tenants include MBFC, the Anderson Entrepreneurial Center, the Small Business Development Center, SCORE, and the Procurement and Technical Assistance Center.
About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit membership organization dedicated to helping economic developers do their job more effectively and raising the profile of the profession. When we succeed, our members create more high-quality jobs, develop more vibrant communities, and generally improve the quality of life in their regions.
For more information about the Upper Midwest Basic Economic Development Course, please call (218) 726-6793 or visit their web site at www.umdced.com/bedc.
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