Entrepreneur Fund, Great River Energy combine resources
Wednesday, September 26, 2018
The Entrepreneur Fund and Great River Energy (GRE) are partnering to distribute $1 million of loan financing in rural areas. The money is being provided through Great River’s revolving loan fund and will be available for projects that are served by one of GRE’s electric cooperatives. They include Arrowhead Electric, Cooperative Light & Power, East Central Energy, Lake Country Power, Mille Lacs Energy and North Itasca Electric Cooperative.
The Entrepreneur Fund – which offers consulting, programming, training and small business financing up to $750,000 – will work with borrowers and guide them through the application process, then service the loans.
Entrepreneur Fund CEO Shawn Wellntiz said the new capital that GRE is providing will bring more development to companies in their overlapping service areas, which include Aitkin, Carlton, Cass, Cook, Crow Wing, Itasca, Koochiching, Lake, Pine and St. Louis counties in Minnesota and Douglas County in Wisconsin.
Category: Agralite Arrowhead BENCO Brown Connexus Light and Power Crow Wing Dakota East Central Federated Goodhue Itasca Kandiyohi Lake Country Lake Region McLeod Meeker Mille Lacs Minnesota Valley Nobles North Itasca Redwood Runestone South Central Stearns Electric Steele Todd Wright Hennepin