Investments in five northeastern Minnesota businesses to support economic vitality

The Northland Foundation Board of Trustees has approved $675,000 in flexible financing to support economic growth in the region through loans to the following businesses.

• Junction Properties, LLC, Babbitt

• Itasca County Habitat for Humanity, Grand Rapids

• Vaughn, Inc., Babbitt

• Northshore Manufacturing, Inc., Two Harbors

• Rural Living Environments, LLC, Babbitt

Through the Business Finance Program, the Northland Foundation offers flexible financing options for new or existing businesses and nonprofit organizations in northeastern Minnesota as well as Superior/Douglas County, Wisconsin. Many financing projects include partnering with a bank or other financial institution to provide the total level of financing a client needs.