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Blandin Foundation repurposes $1 million in investments to build new loan funds for Itasca area small businesses. At a special meeting of Blandin Foundation’s board executive committee, trustees voted to quickly establish two $500,000 funds to support Itasca County area small businesses, one for working capital and one a relief fund.
Itasca Economic Development Corporation will also manage a $500,000 PRI loan fund that boosts the lending capacity of the new “Itasca Small Business Relief Fund,” which provides County-wide relief to small businesses impacted by COVID-19.
For more information contact:
Tamara Lowney, IEDC President
Phone: 218-242-0572
Email: tlowney@itascadv.org