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.
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