The Southern Minnesota Initiative Foundation (SMIF) is accepting applications for its Economic Development Grants program. Requests up to $ 20,000 will be considered.
The objective of the Economic Development Grant is to support initiatives that allow communities to create more prosperous local economies. The SMIF seeks candidates who support economic development and entrepreneurship. Proposals that create problem-solving initiatives to start, augment or elevate entrepreneurial processes, results or collaborations to develop economic opportunities will be considered.
Cities, counties, economic development authorities, other public institutions, and IRS 501 (c) (3) nonprofit organizations in the SMIF 20 County region are encouraged to apply for the grant. . Individuals and businesses are not eligible.
âThe future of economic development in southern Minnesota rests on the innovative people in our region and their creative ideas for growth,â said Pam Bishop, vice president of economic development at SMIF. âThe Economic Development Grant can turn these ideas into reality. “
Applications must be sent to SMIF before October 26. For application and guidelines, visit www.smifoundation.org or contact Jennifer Heien, Grants Coordinator, at 507-214-7040 or [email protected]
SMIF works to catalyze entrepreneurial activity in the region and has played an important role in the growth of local businesses by supporting entrepreneurship since 1986. In addition to economic development grants, SMIF offers start-up investments, traditional loans, micro-loans, technical assistance, networking and business training to realize the vision of creating economic prosperity and community vitality in southern Minnesota.