Entrepreneur Fund

The Entrepreneur Fund, based in Hibbing, Minnesota, was established in the late 1980s to address the need for diversification of industry on the Iron Range. With a focus on supporting entrepreneurs and small businesses, the organization aimed to create sustainable incomes for individuals and contribute to the renewal of the entrepreneurial culture in the region.

Over the years, the Entrepreneur Fund has expanded both geographically and internally to meet the growing demand for its services. Despite this growth, the organization remains committed to its rural roots and continues to prioritize serving rural communities.

According to Shawn Wellnitz, CEO and President of the Entrepreneur Fund, rural businesses often face challenges such as limited access to capital and essential services. Addressing these challenges is crucial for sustaining and growing small businesses in rural areas, which in turn contributes to the overall health of rural communities and regional economies.

The Entrepreneur Fund's mission is centered around providing accessible capital and services that enable small businesses to thrive. By doing so, they aim to bridge the gap between underbanked rural businesses and the essential resources necessary for their success.

Through their dedication to supporting entrepreneurship and small business growth, the Entrepreneur Fund plays a vital role in fostering economic development within rural communities. Their commitment to serving these areas reflects their understanding of the unique challenges faced by rural entrepreneurs and their determination to provide them with opportunities for success.

As they continue their work, the Entrepreneur Fund remains steadfast in their mission to empower entrepreneurs, strengthen small businesses, and contribute positively to rural economies across Minnesota.