SMIF Economic Development Grants

Southern Minnesota Initiative Foundation (SMIF) is currently accepting applications for its Economic Development Grant program. Requests of up to $10,000 will be considered. 

The Economic Development Grant supports projects that strengthen local business activity, promote steady economic growth across SMIF’s 20-county region, including Goodhue and Wabasha counties and the Prairie Island Indian Community, encourage innovation, job creation, and broader access to opportunity.

The program supports organizations that provide direct services to help people start or expand small businesses.

While all communities in SMIF’s region will be considered, preference is given to organizations or projects serving communities with populations under 10,000. 

In 2026, this grant is open to IRS-designated 501(c)(3) nonprofit organizations. Other IRS-designated 501(c) organizations and informal/grassroots organizations can apply with a 501(c)(3) organization as their fiscal host.

In 2027, this grant will be open to units/agencies of government and public institutions. 

Applications are due to SMIF by August 10, 2026 at 4 p.m.

For the application and guidelines, visit smifoundation.org/economicgrants.