Southern Minnesota Initiative Foundation seeking applications for Prosperity Initiative

Southern Minnesota Initiative Foundation (SMIF), in partnership with Region Nine Development Commission and Faribault Diversity Coalition, is recruiting minority-owned business owners for a new cohort of its Prosperity Initiative.

SMIF is seeking 15 businesses to participate in a 2020 Prosperity Initiative cohort. Past Prosperity Initiative graduates are also encouraged to apply to be part of this program again and take their business to a new level.

The program provides directed, culturally sensitive programming, while also creating a unified and coordinated resource structure, informing partners of best practices and creating opportunities for minority populations to network and access the business community.

All resources are free for participating businesses. Eligible participants include minorities, women, veterans, persons with disabilities and/or low-income business owners in SMIF’s 20-county region.

SMIF will be hosting a business plan workshop from noon to 2:30 p.m. Wednesday, Jan. 15, to help individuals create a business plan for their company.

Those interested in the Prosperity Initiative are encouraged to attend so that you have a well-developed business plan to include in your application. RSVP to Jennifer Heien, Grants Coordinator, at or 507-214-7040 by Monday, Jan. 13.

The Prosperity Initiative is made possible by generous funding from Wells Fargo and Dan and Angie Bastian.

 Apply to the Prosperity Initiative 2020 cohort at by Wednesday, Jan. 29. Contact Pam Bishop, Vice President of Economic Development at SMIF, at or 507-214-7013 with questions.