Alerus Financial Corporation and Federal Home Loan Bank of Des Moines Award $20,000 Grant to Latino Economic Development Center to Support Latino Entrepreneurs

Reuters
06-25
Alerus Financial Corporation and Federal Home Loan Bank of Des Moines Award $20,000 Grant to Latino Economic Development Center to Support Latino Entrepreneurs

Alerus Financial Corporation, in collaboration with the Federal Home Loan Bank of Des Moines, has awarded a $20,000 grant to the Latino Economic Development Center (LEDC) through the FHLB Des Moines Member Impact Fund. This initiative aims to support Latino entrepreneurs, particularly those on St. Paul's East Side, by expanding technical assistance programs that foster small business growth and success. The Member Impact Fund, which has provided nearly $70 million in grants since its inception in 2023, offers a matching grant program for member institutions in Minnesota to bolster nonprofit and government entity initiatives in affordable housing and community development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alerus Financial Corporation published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.

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