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<br />. <br /> <br />. <br /> <br />. <br /> <br />JU,1 1 6 199! <br /> <br />June 11, 1999 <br /> <br />~ <br />INITIATIVE <br />FOUNDATION <br /> <br />Patrick Klaers, City Administrator <br />City of Elk River /Elk River EDA <br />PO Box 490 <br />Elk River, MN 55330-5600 <br /> <br />DeaIMr.~ <br /> <br />The Initiative Foundation (formerly known as the Central Minnesota Initiative Fund) would like to <br />thank you for the $5,000 contribution that you made to the Sherburne County Capacity Fund <br />Campaign. We are very grateful for your interest and support of our programs and are pleased <br />to provide you will a progress report on our various activities in our 14 county service area. We <br />would also like to invite you to continue to support our programs through an additional <br />contribution to the Foundation. . <br /> <br />In our 13-year history, the Initiative Foundation has improved the quality of life in the region <br />by: <br />. Distributing $20.3 million in grants and loans <br />· Creating or retaining 5,000 jobs <br />· Leveraging an additional $61.3 million in private business investment <br />. Training 500 community leaders <br /> <br />In Sherburne County alone, the Foundation has provided much needed assistance by providing <br />$890,401 in grants and loans, leveraging an additional $1.5 million in private business <br />investment, and creating or retaining over 190 jobs. A complete grant and loan project listing is <br />attached for your review. <br /> <br />Recent grant activity in Sherburne County includes: <br />· Zimmerman/Livonia Township and Elk River are currently participating in the Initiative <br />Foundation's Healthy Communities Partnership (HCP) Program, which includes a grant of <br />$10,000. <br />· Education to Employment of Elk River received a grant to assist in hiring an EEP <br />Coordinator. <br />· A Three Rivers Community Foundation (TRCF) grant was awarded to the Elk River School <br />District for the Community Band and Choir Project. <br />· Sherburne County was given a grant for scenic area land preservation. <br />· A grant was awarded to Sherburne County Public Health for an assessment of parents <br />project called "Completing the Circle of Prevention". <br />· St. John's Lutheran School, Elk River received a TRCF grant for an art immersion day. <br /> <br />In addition, the Initiative Foundation was able to fill the <br />financing gap for several of Sherburne County's new and <br />expanding businesses by providing them with business loans. <br />The following Sherburne County companies have recently <br />benefited from our business loan programs: <br />. Protector Care, Inc., Elk River <br />. Watermark Corporation, Elk River <br />. Windmark, Inc., Zimmerman <br /> <br />GENTRAL MINNESOTA.S <br />INITIATIVE FUND <br /> <br />70 SE FIRST AVENUE <br /> <br />LITTLE FALLS. MN 56345 <br /> <br />PHONE: 320.632.9255 <br /> <br />FAX: 320.632.9258 <br /> <br />W,,",,".IFOUND.ORO <br />