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Our time is now <br />The economic recession of 2007-2009 assaulted Central Minnesota. The economy-sustaining <br />sectors of manufacturing and construction lost more than 10,000 jobs. More than 92,000 homes <br />foreclosed statewide. Regional unemployment still ranges from 6.5% to 12.5%. For many families, <br />the recession isn't over. <br />25 years ago, the Initiative Foundation was created to counteract a similar economic crisis by <br />helping people to help themselves and diversifying the regional economy. Today, we are Central <br />Minnesota's only regional entity that focuses on economic growth and opportunity. <br />'There is no doubt that the decisions we make today will determine the future of <br />our communities, families and businesses. <br />INITIATIVE FOUNDATION <br />Mission: Unlock the power of Central Minnesota people to <br />build and sustain thriving. communities. <br />Service Area: We are proud to serve the 14 counties and 160 <br />cities of Central Minnesota. <br />Key Tools: <br />• Provide loans to businesses that create quality jobs <br />• Award grants to nonprofits, governments and schools <br />• Build public-private partnerships that lead to action <br />• Help generous people give back to their communities <br />• Publish information on local trends and solutions <br />