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MAY-12-99 WED 9: 10 AM C I TT OF, KEW. BR I GHTONM FAX NO'. 6126382044111x,,,„ -, . -P. 3 <br /> Financiairesources <br /> between Minnesota businesses and educational <br /> institutions.The Board acts as a catalyst to bring employers • <br /> with specific education and training needs together with <br /> educational institutions that can design programs to meet <br /> those needs. <br /> The Minnesota Investment Fund <br /> Grants es dvelnt o elupublic <br /> ke loans <br /> fo buns eopmeprctsorfnance <br /> Improvements that support business development projects. <br /> The Tourism Loan Program <br /> Low-interest loans to existing resorts, motets, hotels,bed <br /> and breakfast inns, campgrounds, lodges and other <br /> tourism-related businesses to upgrade or develop new. <br /> facilities. <br /> The Rural Challenge Grant Program <br /> t Grants to the six Minnesota initiative Funds that provide <br /> /V� loans to new or expanding businesses to stimulate job <br /> creation, private investment and economic growth in the 80 <br /> counties outside the Twin Cities area. <br /> The Urban initiative Program <br /> Matching grants to non-profit organizations,who make <br /> f� low-interest loans to businesses located In distressed <br /> areas. <br /> The small Business Development Loan Program <br /> Loans to industrial, ,manufacturing or agricultural <br /> processing businesses for land acquisition, building <br /> construction or renovation, machinery and equipment. <br /> Projects must enhance the local tax base and create or <br /> retain jobs. <br /> Minnesota Export Finance Authority <br /> assists with the financing of small business exports through <br /> four programs: <br /> The Export Loan Guarantee Program provides <br /> transaction-based loan guarantees of up to 90 percent of <br /> bank loans between$25,000 and$250,000. <br /> The Receivable insurance Program programs coverage <br /> to exporters against nonpayment of overseas open-account <br /> sales <br /> Agency ai program helps businesses access <br /> various federal agencies International development <br /> banks <br /> banks that have financing and procurement opportunities <br /> The Counseling and Training program provides . <br /> assistance with: Individual assessment, problem resolution <br /> and training on financing-related issues. <br />