On March 16, 2016 Joe Kammermeier, Vice President of MBFC, presented a $1,500 grant to Dale Umlauf, Vice President-Business and Economic Development for West Central Initiative (WCI).
West Central Initiative plans to apply these funds to operation support for their Business Development programs that provide financial and technical assistance to businesses and entrepreneurs.
WCI’s Business Development program offers loans and consulting services to businesses in West Central Minnesota. The primary goal is to strengthen the economy and grow businesses. WCI works throughout the following counties: Becker, Clay, Douglas, Grant, Otter Tail, Pope, Stevens, Traverse, and Wilkin.
For more information and a link to West Central Initiative website please click here.
(Pictured: Joe Kammermeier, Vice President-MBFC and Amy Baldwin, Executive Director-FFEIC)
March 16, 2016, Joe Kammermeier, Vice President of Minnesota Business Finance Corporation (MBFC) presented a check for $1,500 to Amy Baldwin, Executive Director of Fergus Falls Economic Improvement Commission (FFEIC).
FFEIC is working in partnership with the “Otter Tail County Rural Rebound Initiative”. This project has three mail goals: recruiting workers needed in the region, with emphasis on the rural rebound population; exchange information and collaborate within the region to encourage labor force growth and economic growth in the county; develop a nationally recognized institute for rural youth leadership that will educate and encourage consideration of careers in the region.
The overall goal is to coordinate efforts to attract, develop, retain and expand the workforce pool in Otter Tail County.
For more information about FFEIC and to follow their program updates clicking here.
Thursday, March 10, 2016 Michelle Mueller, Vice President of Minnesota Business Finance Corporation (MBFC) presented a grant check of $1,500 to Duane Northagen, Executive Director of Wright County Economic Development Partnership (WCEDP).
WCEDP plans to apply the grant funds to their new program called Creating Entrepreneurial Opportunities (CEO). It is a class concept for high school juniors and seniors who are interested in starting and operating their own business. Business participation in this program is essential for funding, mentorship, and 50-60 business visits annually. CEO is an extension of a national program offered through Midland Institute with an emphasis on offering business-prep type courses that are no longer offered in most traditional school settings.
For more information follow their website at: wrightpartnership.org
(Pictured: Terry Stein, Vice President-MBFC, Sheila Haverkamp, Executive Director-BLAEDC, and Joe Kammermeier, Vice President-MBFC)
MBFC Presents a Grant to Brainerd Lakes Area Economic Development Corporation
Minnesota Business Finance Corporation (MBFC) recently presented a $1500 grant to Brainerd Lakes Area Economic Development Corporation (BLAEDC) to support two campaigns that BLAEDC is working on in greater Crow Wing County.
Haverkamp stated one goal they have is finding permanent tenants for the Brainerd Industrial Park that is expanding. A huge feature of the Industrial Parks in Brainerd, Baxter, and Pequot Lakes is they are each located a quarter mile or less off of Highway 371! BLAEDC has programs to help grow small businesses and show the benefits available by locating your business in their area.
Their additional project’s purpose is a “Rent a Board” philosophy. This places high level Executives on a committee that can be brought in to help a business work through an issue. Business Executives from the Brainerd Lakes Area are part of this team and would be used on an as-needed project basis. This compliments their “Ask an Exec” initiative that is already a huge success.
These two ideas are reasons MBFC partners with BLAEDC and supports their mission. To learn more about BLAEDC and for quick access to their website, please click on the following link:
(Pictured: Karen Lauer, Economic Development Director of the City of Barnesville
and Chuck Nordquist, Vice President of MBFC)
Grant Awarded to Barnesville Economic Development Authority
On Tuesday, February 16, 2016 Chuck Nordquist, Vice President, Minnesota Business Finance Corporation (MBFC) presented Karen Lauer, Economic Development Director, Barnesville Economic Development Authority (EDA) a grant for $1000 to their organization.
Barnesville is a city off of Hwy 94 between Fergus Falls and Fargo on the Western side of Minnesota. With a population just under 3000, Barnesville has a growing economy through their continued focus on small businesses. The EDA highlights several incentives to draw companies to start, buy, or expand their business in Clay County.
For more information on Barnesville’s economic development please click the link provided here: Barnesville EDA