"Where Fillmore County News Comes First"
Online Edition
Monday, May 20th, 2013
Volume ∞ Issue ∞
- 5:56:33, May 18th 2013 - modgudur - I guess the child is anti-gun control since Obama went to all that trouble ... [Read More]
- 9:27:41, May 16th 2013 - caal girl - Nice outfit on you. I loved some of the dresses but am holding my breath ... [Read More]
- 2:03:34, May 14th 2013 - - Thanks for sharing the trip with us! ... [Read More]
- 4:12:01, May 9th 2013 - Amanda Ziebell - Wow! Thanks to the Fillmore County Journal for this kind story. For a ... [Read More]
- 11:47:30, May 7th 2013 - EW - ramble.....ramble.....ramble..... ... [Read More]
- 10:25:25, May 7th 2013 - Thunder6 - Great article! I love to see the Youth of Fillmore County receiveing acco ... [Read More]
- 6:52:10, May 6th 2013 - Jason Sethre, Publisher of Fillmore County Journal & Olmsted County Journal - Maryh, ... [Read More]
- 7:29:56, May 5th 2013 - maryh - Where are OCJ's available for pickup...other than at the new office? ... [Read More]
- 2:41:47, May 3rd 2013 - Remark1976 - Mrs. Buckbee, I just looked up Senate File 796 and in it there are said p ... [Read More]
- 2:22:20, May 3rd 2013 - Remark1976 - Mrs. Buckbee, how do you come up with $1.1 billion that trout fishing bri ... [Read More]
SMIF receives pledges and donations for entrepreneur fund
Fri, Nov 2nd, 2012
Posted in All Features
Posted in All Features
Comments
Southern Minnesota Initiative Foundation (SMIF) is committed to supporting local entrepreneurs in creating strong businesses that provide quality jobs and have a positive local/regional economic impact. To do this, The Foundation has established a regional endowed fund-the Entrepreneur Fund-to meet the growing need for today and tomorrow’s entrepreneurs.
With the dollars raised through the Entrepreneur Fund, The Foundation will support an environment for entrepreneurs through grants to collaborative entrepreneur projects, “seed fund” awards to assist in early stage development, and funding for specific events or programs.
“Unfortunately today, the resources to grow and sustain locally grown businesses are not sufficient for the global economic demands,” Tim Penny, SMIF President/CEO explained. “That is why we started the Entrepreneur Fund. It is clear that SMIF must be vigilant in preserving this entrepreneurial heritage and assist in providing the necessary resources.”
With several key donors, the fund will reach $1 million by 2015. SMIF anticipates growing the Entrepreneur Fund to $1 million over the next three years-$500,000 contributed by local donors and $500,000 through The McKnight Foundation’s matching challenge grant. Once the Fund exceeds $1 million, SMIF will begin using investment earnings to support entrepreneur-related grants.
Our key donors and pledges who made this possible are:
•Bill Davis and Katherine Rossi, Utica
•Davisco Family Holdings, Le Sueur
•Dick and Patty Downs, St. James
•Neil and Sue Eckles, Blue Earth
•F & M Community Bank, Preston
•Hormel Foods Corporation, Austin
•Tim and Sandy Penny, Owatonna
•The Rosen Family Foundation
“As a business owner, I understand what these dollars can mean to a growing entrepreneur,” Tom Rosen, The Rosen Family Foundation, said. “I am thrilled to be part of SMIF’s Entrepreneur Fund. I believe this will be the precipice for building and expanding entrepreneurs at every level and a key way to strengthen the economy in southern Minnesota.”
With the dollars raised through the Entrepreneur Fund, The Foundation will support an environment for entrepreneurs through grants to collaborative entrepreneur projects, “seed fund” awards to assist in early stage development, and funding for specific events or programs.
“Unfortunately today, the resources to grow and sustain locally grown businesses are not sufficient for the global economic demands,” Tim Penny, SMIF President/CEO explained. “That is why we started the Entrepreneur Fund. It is clear that SMIF must be vigilant in preserving this entrepreneurial heritage and assist in providing the necessary resources.”
With several key donors, the fund will reach $1 million by 2015. SMIF anticipates growing the Entrepreneur Fund to $1 million over the next three years-$500,000 contributed by local donors and $500,000 through The McKnight Foundation’s matching challenge grant. Once the Fund exceeds $1 million, SMIF will begin using investment earnings to support entrepreneur-related grants.
Our key donors and pledges who made this possible are:
•Bill Davis and Katherine Rossi, Utica
•Davisco Family Holdings, Le Sueur
•Dick and Patty Downs, St. James
•Neil and Sue Eckles, Blue Earth
•F & M Community Bank, Preston
•Hormel Foods Corporation, Austin
•Tim and Sandy Penny, Owatonna
•The Rosen Family Foundation
“As a business owner, I understand what these dollars can mean to a growing entrepreneur,” Tom Rosen, The Rosen Family Foundation, said. “I am thrilled to be part of SMIF’s Entrepreneur Fund. I believe this will be the precipice for building and expanding entrepreneurs at every level and a key way to strengthen the economy in southern Minnesota.”
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