The Northwest Minnesota Foundation

Business loans and support: nmf's commitment to economic development manifested in robust support for small businesses, with a cumulative total of $883k approved across 34 loans throughout the fiscal year. Loan programs include: sba microloans: strategic use of the small business administration (sba) microloan program facilitated economic growth. Emerging entrepreneur loan program: this program supported a business in polk county, contributing to the economic vibrancy of the region.

Mission-driven grants - nmf mission-driven grants were pivotal in addressing societal challenges and promoting community resilience, with a cumulative total of $4.154m (py $933,000) approved throughout fiscal year 2024. Nmfs commitment to community revitalization 34 grants in 2024 and $2.1m through the main street revitalization program with funding through mn employment and economic development. The promise act grant program awarded 50 grants totaling $1.1m. Training and education grants: supporting nonprofit organizations capacity-building initiatives, conferences, programming, and consultant services for board and staff development. Dei grants: promoting diversity, equity, and inclusion. Homelessness grants: supporting transportation services for families to area shelters as needed. Housing grants: supporting market research and development of a region-wide workforce study, housing developers training, and specific community-driven housing projects. Innovation grants: supporting the expansion of addition-related services and innovative solutions to regional challenges.conclusion - the cumulative impact of nmf's initiatives throughout fiscal year 2024 reflects a foundation deeply embedded in the fabric of northwest minnesota. From robust philanthropic efforts, bolstering education, healthcare, and cultural endeavors, to strategic support for small businesses and innovative mission-driven grants, nmf has played a pivotal role in shaping the region's economic and social landscape. As the foundation looks forward to future endeavors, its commitment to connecting people, places, and possibilities remains unwavering, fostering boundless opportunities for the residents of northwest minnesota.