The Initiative Foundation announced that it has awarded 10 community grants totaling $31,000.
The following area organizations were selected as grant recipients:
Bridges of Hope, Brainerd; Common Goods Thrift Store ($10,000) - to support initial operations of a charitable thrift store whose revenue will support programs for children and families in need.
Horizon Health Inc., Pierz; Morrison County Summer Reads ($1,000) - to increase literacy opportunities for preschool and early elementary school children in low-income housing units.
Leech Lake Band of Ojibwe, Cass Lake; Solar Heating Products Market Assessment ($1,500) - to support a University of Minnesota student to conduct a market analysis for solar heating products in American Indian areas.
Onamia School District; Enterprising Youth ($1,500) - to support a youth summer program that teaches important workforce skills.
In partnership with other lenders, the Initiative Foundation provides business financing to promote local ownership and secure quality jobs.
The following area businesses were recently selected as loan recipients:
Newmans Industries Inc., Royalton - to support the expansion of a company that manufactures aluminum marine and trailer products.
The Initiative Foundation seeks projects that strengthen central Minnesota communities and address barriers to economic development. In 2009, nearly 60 percent of its total grant funds, and all discretionary grant funding, will go towards economic recovery efforts to help distressed families, workers and small businesses. Inquiries for grant and loan applications are accepted on an ongoing basis and are generally reviewed within three weeks of receipt. For more information, go online to www.ifound.org.
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