EDSR INFORMATION 07-12-1999 - Laserfiche WebLink

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• June 11, 1999 . INITIATIVE Sandra Peine,City Clerk FO U N DAT I O N City of Elk River/Elk River EDA PO Box 490 Elk River,MN 55330-5600 Dear Ms. Peine: The Initiative Foundation(formerly known as the Central Minnesota Initiative Fund)would like to thank you for the$5,000 contribution that you made to the Sherburne County Capacity Fund Campaign. We are very grateful for your interest and support of our programs and are pleased to provide you will a progress report on our various activities in our 14 county service area. We would also like to invite you to continue to support our programs through an additional contribution to the Foundation. In our 13-year history,the Initiative Foundation has improved the quality of life in the region by: • Distributing$20.3 million in grants and loans • Creating or retaining 5,000 jobs • Leveraging an additional$61.3 million in private business investment • Training 500 community leaders • In Sherburne County alone,the Foundation has provided much needed assistance by providing $890,401 in grants and loans,leveraging an additional$1.5 million in private business investment,and creating or retaining over 190 jobs. A complete grant and loan project listing is attached for your review. Recent grant activity in Sherburne County includes: • Zimmerman/Livonia Township and Elk River are currently participating in the Initiative Foundation's Healthy Communities Partnership (HCP) Program,which includes a grant of $10,000. • Education to Employment of Elk River received a grant to assist in hiring an EEP Coordinator. • A Three Rivers Community Foundation(TRCF) grant was awarded to the Elk River School District for the Community Band and Choir Project. • Sherburne County was given a grant for scenic area land preservation. • A grant was awarded to Sherburne County Public Health for an assessment of parents project called "Completing the Circle of Prevention". • St.John's Lutheran School,Elk River received a TRCF grant for an art immersion day. In addition,the Initiative Foundation was able to fill the financing gap for several of Sherburne County's new and CENTRAL MINNESOTA'S expanding businesses by providing them with business loans. INITIATIVE FUND The following Sherburne County companies have recently benefited from our business loan programs: 70 SE FIRST AVENUE • E • Protector Care,Inc.,Elk River LITTLE FALLS. MN 56345 • Watermark Corporation,Elk River PHONE: 320 632 9255 • Windmark,Inc.,Zimmerman FAX 320.632.9258 WAN W.[FOUND.ORG