Southern Minnesota Initiative Foundation (SMIF), a donor-supported foundation, invests for economic growth in the 20 counties of south central and southeastern Minnesota. SMIF’s key interests include economic and early childhood development and community vitality.
We got our start in the farm crisis of the 1980s to help diversify Greater Minnesota economies and ensure vibrant communities for future generations. We invest about $5 million annually and also act as a regional collaborator.
SMIF offers business financing opportunities for entrepreneurs in the region. Additionally SMIF offers a variety of grants to support community vitality, early childhood and economic development for communities.
Our Chamber has approximately 530 members that invest their resources, employee volunteerism and confidence in the Owatonna Area Chamber of Commerce & Tourism and the business community.