Grant Presented to Wright County CEO Class

MBFC presented an economic development grant to a program operated under the Wright County Economic Development Partnership and the Wright Tech Center (WTC). The “Creating Entrepreneurial Opportunities” (CEO) class is a training program offered to a small group of high school juniors and seniors who are focused on opening their own business.

The CEO program teaches leadership, innovation, and encouragement. Area business participate which is essential for mentor-ship and 50-60 location visits/business presentations annually.

Wright Tech Center hosts the CEO class as an accredited extension of a national program offered through the Midland Institute. WTC highlights interests in tech-related fields and offer tech-prep type of courses in grades 7-12 in eight school districts in Wright County, MN.

(Pictured: Duane Northagen, Executive Director of WCEDP, Michelle Mueller, Vice President of MBFC, students in the CEO class, and Mark Lee, Wright Tech CEO program facilitator)

Posted in Uncategorized | Comments Off on Grant Presented to Wright County CEO Class

SBA Award Presented to Jay Johnson  of Washington Place LLC and Sunset Ridgeof Annandale, LLC 

Lender Small Business Excellence Award

On Friday, May 10th, 2019, Jay Johnson was awarded a Lender Small Business Excellence Award at the 56th Small Business Week Awards Recognition Event in Minneapolis, MN.

Jay Johnson has been in the Health Care Industry since 1992.  With assistance from BankVista and MBFC, Jay has utilized the SBA 504 program twice in recent years.  The first project was for the purchase of  Washington Place in St. Cloud, MN in 2017 and the second project was in 2018 for the purchase of Sunset Ridge in Annandale, MN.  The facilities are for veterans with chemical dependency and mental health illness.  The facilities provide a safe living environment with board, lodging, meal services, and transportation to medical appointments.

(Pictured below: Jim Nierenhausen-Washington Place, Dan Nygaard-BankVista, Jay Johnson-Award Recipient, Nadene Kruize-MBFC, and Tom Saehr -MBFC)

Jay, himself a veteran, joined the U.S. Navy in 1987 and became a Naval Corpsman at Balboa Naval Station in San Diego, CA and was later transferred to Camp Lejeune, North Carolina becoming a field medic with the Marines.  In 1989, Johnson sustained a spinal cord injury due to an auto accident.  After several years of physical rehabilitation, he returned to St Cloud State University to obtain his BA in Finance and BS in Economics.  Jay was happy to be a MBFC Vet Loan Advantage recipient on both of his projects, receiving rebates of $3,000 toward professional fees associated with his projects.

Through all his companies Jay employs over 200 people.  He has dedicated his life to his employees and to helping people with special needs live full, independent lives.

Congratulations Jay!

Posted in Uncategorized | Comments Off on SBA Award Presented to Jay Johnson  of Washington Place LLC and Sunset Ridgeof Annandale, LLC 

Grant Awarded to CEDA

MBFC awarded a grant to Community and Economic Development Associates (CEDA) located in Chatfield, MN. Michelle Mueller presented the check to Ron Ziegler. This contribution supports CEDA and their mission to assist communities with strategic growth and development.

(Pictured: Michelle Mueller, Vice President of Business Development at MBFC with Ron Zeigler, CEO/President of CEDA)

CEDA has over 100 years of combined service through community support programs, small business assistance, grant writing, administration services, and community planning & development. Another way in which CEDA grows communities is by providing business owners access to buildings available and land inventory on their website, as well as on a searchable network called “Sites Across America”, which includes data from 32 states.

To learn more about CEDA and their programs please click here.

For more information about economic development grants offered by MBFC please contact Tom Saehr, President/CEO of MBFC, for details on how to apply.

Posted in Uncategorized | Comments Off on Grant Awarded to CEDA

MBFC Grant Presented to Greater Bemidji, Inc.

Minnesota Business Finance Corporation (MBFC) presented an economic development grant to Greater Bemidji, Inc.

Pictured below: Mike Stearns met with Tiffany Fettig for presentation of the grant check at her office. Stearns is Vice President of Business Development for MBFC in the Detroit Lakes office. Fettig is the Director of Business Development for Greater Bemidji, Inc.

MBFC supports economic development to grow resources available to businesses in Minnesota. If your organization has an event, project, or Veteran Owned Business, please contact MBFC for details how to apply for our grant or rebate programs.

LaunchPad

Greater Bemidji, Inc. will use the grant towards their newest program called LaunchPad. MBFC supports the use of economic development tools such as LaunchPad which offers tailored support to top tier entrepreneurs in the Bemidji area.

Fettig said that the additional resources and development of this outreach shows high-growth potential businesses that the community is seeing current success. She also notes there will be continuing training, skill building opportunities, and formation of an entrepreneur group within the community to continue to highlight a strong and supportive start-up business community.
For additional information about Greater Bemidji, Inc.’s
LaunchPad program click here for a link to their website.
For a link to an article by Twin Cities Business, highlighting Bemidji’s growth, new town center (including Greater Bemidji, Inc.), click here.

Posted in Uncategorized | Comments Off on MBFC Grant Presented to Greater Bemidji, Inc.

Still Time to Register for MBFC’s 2019 SBA 504 Loan Training!

Topics covered: SOP Updates, 504 REFI, Mitigate Lending Risk, 504 Expansion+REFI

REGISTER via Email  rsvp@mbfc.org or by Calling 1-800-593-0123

All Training Times held from 9:00-11:00 AM.


Moorhead – Completed

Bemidji – Completed

Duluth – Tuesday, April 30th – Inn on Lake Superior Hotel, Canal Park

Eden Prairie – Friday, May 3rd – MBA Offices on Washington Ave. S.

Eden Prairie – Monday, May 13th – MBA Offices on Washington Ave. S.

Saint Cloud – Wednesday, May 15th – Resource Training & Solutions on Hwy 15

Saint Cloud – Monday, May 20th – Holiday Inn Hotel & Suites 37th Ave S.

Posted in Uncategorized | Comments Off on Still Time to Register for MBFC’s 2019 SBA 504 Loan Training!