MN06 Stories and Data

MN06 Stories

Minnesota Entrepreneur Grows Childcare Business with Help of Local CDFIs
  • Brooklyn Park,
  • Minnesota
  • WomenVenture
Angel Rogers is known by her family and friends as responsible, caring, and a good listener. However, Angel’s journey to entrepreneurship has not been easy. Growing up, Angel spent time in foster care, she had her first daughter and got her own apartment at 16, and at 18 she gained full custody of her younger brother and sister.
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Braiding Business and Belief
  • St. Cloud,
  • Minnesota
  • The Initiative Foundation
Timely loan weaves a solution to keep St. Cloud salon owner’s business buzzing
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Eagles Healing Nest
  • Sauk Centre,
  • Minnesota
  • The Initiative Foundation
Aaron Starrett was 18 years old in 2009 when he left his hometown of Austin, Texas, for four years in the Air Force. He served as a munitions specialist in Korea and Germany, helping prepare aircraft with heavy explosives before leaving the military in 2014.
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Viva Long Prairie
  • Long Prarie,
  • Minnesota
  • The Initiative Foundation
Opening Viva meant overcoming big hurdles—including financing a major renovation of a century-old building. But Perez stayed true to his approach, chasing solutions until he secured a state revitalization grant and loan support from the Initiative Foundation.
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Want more state data? Check out CDFI Friendly America’s mobile-friendly CDFI Advocacy App for impacts from 2005-2023.

Testimonials

I appreciate the aspect of the program that puts decision-making in the hands of non-governmental institutions. I think this facilitates efficient use of tax-payer dollars.

-Jeremy Donaldson, Hope Academy, Minneapolis, MN

CDFI funds are frequently the only source of funding and lending available to small, scaled community-oriented development in Minneapolis. Without access to those opportunities companies like mine would not be able to accomplish our development goals and create mid-scale projects related to the arts and market rate affordable housing.

-Colin Ryan Oglesbay, D/O Architects, Saint Paul, MN

CDFIS help nonprofit organizations in my community.

-Peter Berrie, Faegre Drinker, Minneapolis, MN

Map of MN06 CDFI Branches and Stories