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Northland Foundation
202 West Superior Street, Suite 610Duluth MN, 55802-1944
CDFI Awards for Northland Foundation
FA (2009) - $2,000,000
The Northland Foundation is a certified CDFI established in 1986. The Northland Foundation is a loan fund that provides business loans and grants to non profits within the Low Income Targeted Population in Northeast Minnesota. The Northland Foundation will use the 2009 Financial Assistance award as loan capital for business loans.
CORE (2000) - $750,000
The CDFI Fund"s $750,000 capital grant will help Northland increase its loan capitalization in order to meet the demand for business loans in its target market.
CORE (1998) - $500,000
With the help of the CDFI Fund, the awardee will capitalize its Asset Building Loan Fund which provides loans to businesses that are both creditworthy and meet social impact goals such as targeted employment of low-income individuals, family-sustaining wage levels, employee benefits and individual development accounts. The awardee plans to make $19 million in new loans over the next 15 years.
Other Community Development Financial Institutions in Minnesota
African Development Center
Minneapolis
CAPITAL CITY PROPERTIES
St. Paul
Community Reinvestment Fund, Inc
Minneapolis
Dakota Futures, Inc.
Morton
Development Corporation for Children
Minneapolis
Great Neighborhoods! Development Corp.
Minneapolis
Greater Minnesota Housing Fund
St. Paul
Habitat for Humanity of Minnesota, Inc.
Minneapolis
Indian Land Capital Company
Little Canada
Indian Land Tenure Foundation
Little Canada
Initiative Foundation
Little Falls
Leech Lake Band of Ojibwe
Cass Lake
Midwest Minnesota Community Development Corporation
Detroit Lakes
National New Markets Tax Credit Fund, Inc
Minneapolis
Neighborhood Development Center
St. Paul
Nonprofits Assistance Fund
Minneapolis
Northland Foundation
Duluth
Sparc
Saint Paul
University National Bank
St Paul
WomenVenture
St. Paul
Featured Government Grant Resources
Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
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