In recent news, Tim Swanson has been appointed as the new business finance manager for the Initiative Foundation’s lending program. With experience in commercial banking in the Twin Cities and Brainerd area, Swanson is eager to work with the Foundation’s team to support businesses in Central Minnesota. He expressed his excitement about contributing to the Foundation’s mission and partnering with business owners from diverse regions to strengthen the local economy.
In 2023, the Initiative Foundation provided 36 loans to small businesses totaling $3.3 million. Over the years, the Foundation has distributed more than $66 million in loans and helped create or retain over 15,000 jobs. Covering 14 counties and two Native nations in Central Minnesota, the Foundation plays a vital role in supporting local businesses and fostering economic growth.
The Initiative Foundation has been instrumental in providing financial assistance to small businesses in the region, helping them grow and thrive. The Foundation’s lending program provides funding opportunities for entrepreneurs and small business owners who may not have access to traditional financing options. This support has led to significant economic growth and job creation in Central Minnesota.
For more information about the Initiative Foundation and its initiatives, visit their website. This month’s most-read stories include updates on how poultry farms are using lasers to deter wild birds, the Benton County Fair’s grandstand lineup announcement, and a peek inside the Foley Mansion as it prepares to open to the public. From Minnesota delicacies to upcoming events, there’s always something exciting happening in the region.
