Entries by smifcom

Capital Access is a Significant Barrier for Minority-Owned Businesses

pixbay.com By: Kristina Busch Capital access is known to be a key aspect that limits the establishment and growth of minority-owned businesses. In today’s economy, the current financial environment also places a burden on minority business owners. Minority-owned businesses outpace the growth of non-minority owned businesses. In fact, according to the Minority Business Development Agency, […]

Immigrants Are Changing The Landscape of Small Businesses

  (immigrantspirit.com)   By: Kristina Busch Entrepreneurial immigrants are bringing new ideas to the table. Leaving a home country to start a new life is a daring act in itself, and starting a new business is even more admirable. We depend greatly on immigrant entrepreneurs, and previous research proves it. According to The Partnership For a […]

Minority-Owned Businesses Are on The Rise

Pictured: Ibrahim Hussein started the Somali American Cultural Society of Owatonna (SACSO) with a $5,000 grant from SMIF and the desire to help other refugees overcome cultural barriers within the educational system. By: Kristina Busch Statistics say that minorities will be the new majority in the next 30 years. In an ever-growing diverse nation, it’s important that […]

Kristina Busch: PI Intern

Kristina Busch has been with the Southern Minnesota Initiative Foundation since December 2016, as a our Prosperity Initiative communications intern. She is currently a senior at Minnesota State University, Mankato. Kristina will be graduating in May with a bachelor’s degree in Mass Media with an emphasis in Public Relations, and a minor in Sociology. As […]


ROCHESTER, Minn., October 16, 2016 – Somalia Rebuild Organization (SRO) hosted the Southeast Somali Small Business Training in partnership with the Prosperity Initiative, a program of the Southern Minnesota Initiative Foundation (SMIF). The day-long training aimed to increase business knowledge among the numerous Somali-owned small businesses located in Rochester and the surrounding area. More than […]


OWATONNA, Minn., October 6-7, 2016 – Southern Minnesota Initiative Foundation’s Prosperity Initiative program offered its second Executive Training for minority business owners. This training provides participants the opportunity to receive hands-on business education, network with other business owners, assess their current business situation and set goals for the future. Following the training, each participant is […]