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(320) 632-9255 <br />405 First Street SE <br />Little Falls. MN 56345 <br />January 25, 2017 <br />Calvin Portner <br />City Administrator <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Dear Mr. Portner, Mayor Dietz and Council Members, <br />ifound.org <br />We have received your 2017 appropriation, in support of the work of the Initiative Foundation, <br />in the amount of $3,000. Thank you! <br />Together, we work to build strong local economies and vibrant communities in Central <br />Minnesota. Your investment supports economic development through business financing <br />activities designed to create living -wage jobs, diversify economies and leverage private sector <br />investment. Communities are strengthened through signature leadership training and capacity <br />building programs, grants to local units of government and nonprofit organizations, early <br />childhood initiatives, and scholarships. This work will provide lasting impact on the health of <br />the region and the future of rural Minnesota. <br />We truly value your partnership and your continued support. <br />Sincerely, <br />Matt Varilek <br />President <br />4 <br />Powering Possible <br />Da�,L <br />Carrie Tripp <br />Vice President for Ex ernal Relations <br />Equal opportunity lender. provider and employer. <br />