Over $1.0 million in financing approved to four organizations

The Northland Foundation Board of Trustees has approved financing totaling $1,010,800 to the following four organizations.

• Van Technologies, Duluth

• Occupational Development Center, Buhl

• Involta, LLC, Duluth

• Duluth Steel Fabricators, Inc., Duluth

Through its Business Finance Program, the Northland Foundation offers flexible financing to new or existing businesses and nonprofit organizations in the seven-county Arrowhead Region as well as Superior/Douglas County, Wisconsin to help create and retain high-quality jobs and sustain economic vitality.

Over the past 23 years, this program has evolved into one of the largest regionally-based development finance programs in Minnesota. Since 1988, nearly $45 million has been invested in 450 businesses and nonprofit organizations, which has helped leverage more than $256 million in other, mostly private investments and assisted borrowers to create and retain 6,500 jobs in the region.