The Entrepreneur Fund Awarded Wells Fargo Grant for Women-Owned Businesses

Duluth, Minnesota – October 18, 2018: The Entrepreneur Fund was recently awarded a grant from Wells Fargo for $12,000 to assist in continuing to expand small business development services in the region. The grant, which is intended to support programs that provide aspiring entrepreneurs with business consulting services and/or access to capital, will be used to fund the Women’s Business Alliance (WBA) programming in the coming year.

“Programs like the WBA’s Mastermind Groups are essential to strengthening women-owned business in the region,” said Sascha Mansson, WBA Director. “This Wells Fargo grant will ensure women business leaders can continue to cultivate strong networks, so they can achieve more.”

The WBA, an initiative of the Entrepreneur Fund, provides regional women business owners with a powerful nexus for networking, capital and strategic support. From those just getting started to enterprise-level business owners, the WBA helps entrepreneurs to launch new ventures, grow existing businesses and expand into new markets. The WBA provides expert support for women entrepreneurs in northeast Minnesota and northwest Wisconsin.

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“The growth and success of entrepreneurs depends on the entire ecosystem of organizations that work with and support these businesses,” says Stephanie Cummings, Wells Fargo Community Banking District Manager. “The Entrepreneur Fund plays an important role in helping entrepreneurs access the resources that can be critical for launching and growing their business. Our $12,000 grant will help stimulate further growth of successful businesses in the Duluth area.”

The grant from Wells Fargo will be used to support the WBA’s Mastermind Groups. These entrepreneurial roundtable discussions foster next-level thinking for entrepreneurs in any industry. The groups are sounding boards for women entrepreneurs, helping them to further their goals and achieve success in their careers. The facilitated peer group provides the opportunity to take a step back and think strategically about business growth through brainstorming, education, accountability and peer support. Mastermind Groups offer a confidential environment to test business strategies, brainstorm solutions to challenges and gain confidence as a leader.

WBA Mastermind Groups enable women business owners to share experiences, develop action plans, and get fresh perspectives to solve problems, make decisions and gain critical insights. In addition, participants forge a powerful peer network with fellow women in business. Each Mastermind Group session includes nine facilitated roundtable meetings and one overnight retreat with facilitation and speakers.

Eligible entrepreneurs include women business owners and executive-level managers in our service region, which includes Aitkin, Carlton, Cass, Cook, Crow Wing, Itasca, Koochiching, Lake, Pine and St. Louis Counties in northeast Minnesota and Douglas County in northwest Wisconsin, are welcome to apply.


About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,950 locations, 13,000 ATMs, the internet ( and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

About The Entrepreneur Fund

The Entrepreneur Fund is the resource for entrepreneurs in northeast Minnesota, central Minnesota and northwest Wisconsin. The Entrepreneur Fund has fueled more than 14,000 businesses with expert support and funded over $48 million in loans since 1989. The Entrepreneur Fund is dedicated to strengthening entrepreneurship in the region, while also supporting and increasing economic development. Through this strategic approach, the Entrepreneur Fund promotes the entrepreneurial spirit and helps create economic wealth and diversity in northeast Minnesota, central Minnesota and northwest Wisconsin. For more information, visit