Entrepreneur Fund expands Wisconsin reach with $8 million grant

SUPERIOR — The Duluth-based Entrepreneur Fund, which currently serves 16 counties in northeast Minnesota and Wisconsin’s Douglas County, unveiled plans to extend its reach to an additional 12 counties in northern Wisconsin at a press conference at the Superior Entrepreneurship Center Thursday, Oct. 27.

The move is fueled by $8 million in Diverse Business Assistance and Diverse Business Investment grants from the state of Wisconsin. The funding is aimed at helping small business owners start, grow and expand their businesses. The three-year grant will include $5 million in revolving loan funding and $500,000 for direct grants to businesses. The Entrepreneur Fund plans to add a second satellite office in northern Wisconsin.

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