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Grant to help businesses

The Initiative Foundation recently granted the Central Lakes College
Foundation $10,000 to be used by the college’s Small Business Development
Center (SBDC) to assist small businesses in central Minnesota. Through the SBDC, the college assists owners
of existing businesses and individuals interested in starting a business with
advice on marketing, business planning, financial management and access to

“Funding from the Initiative Foundation will
help us assist business owners with addressing many key management challenges
they face on a daily basis,” said Greg Bergman, Director of the SBDC. “Their
commitment to helping small businesses has been a great asset to our region.” 
Counseling services through the SBDC are
provided at no cost to clients through a partnership with the U.S. Small
Business Administration, Minnesota Department of Employment and Economic
Development and several local funding partners.
“Over the past 10 years alone the SBDC has
worked with 3,000 people in our region who either own a small
business or want to start one,” added Bergman. “Our experience, along with the
partnerships we have developed with organizations such as the Initiative
Foundation, allow us to help strengthen our small businesses and our local
For information visit www.clcmn.edu/smallbusiness or call 218-855-8140.

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