Northeast Ventures Corporation (NVC) and its subsidiary, Iron Range Ventures, provide venture capital investments to businesses in a seven county service area in northeast Minnesota. Partly as a result of the decline of the region"s iron mines, much of the organization"s service area has been economically distressed, with few resources available to provide equity capital and technical assistance needed to encourage entrepreneurs to start and expand businesses. NVC seeks to bring about sustainable regional prosperity based on local ownership of businesses, job creation, and diversification of the areaa€™s economic base.