Regional Incentives

Southern Minnesota Initiative Foundation

This revolving loan fund, managed in Owatonna, MN, is available for a variety of project types. Including:

  • Bio Seed Funds (up to $25,000) to support seed and start-up stage biobusinesses in need of capital, business expertise and networking opportunities.
  • Revolving Loan Fund (up to $200,000) to help create financial partnerships with local lenders, economic development organizations and government agencies
  • Small Enterprise Loan Fund (up to $35,000) for small business owners and fledgling entrepreneurs, including minority-owned businesses.
  • Incentive Grants (up to $20,000) to support asset based collaborative projects within five-key emerging business and emerging workforce areas.

For more information about programs available through the Southern Minnesota Initiative Foundation, click here.

Contacts

Southern Minnesota Initiative Foundation

525 Florence Ave PO Box 695
Owatonna, MN 55060

Phone: (507) 455-3215

inquiry@smifoundation.org

https://smifoundation.org/

Category: Regional

More Regional

These programs, managed in Mankato, MN, involves three available loans to assist industrial-based projects. Learn More