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Celebrating Innovation and Entrepreneurship at the 2023 Distinction Awards

Standing Room Only for Local Entrepreneurs

In Duluth, the atmosphere was ecstatic as the Entrepreneur Fund held its much-anticipated second annual Distinction Awards on October 16th. The event took place at the Duluth Entertainment Convention Center’s Palucci Hall, where an overwhelming crowd of over 200 people gathered to honor the achievements of nine remarkable businesses from northern Minnesota and Wisconsin. This event not only showcased the entrepreneurial spirit of the region but also underlined the undeniable impact of local businesses on the community’s economy.

Mary Mathews: A Trailblazer in Local Business

The highlight of the evening came when the organization’s founder, Mary Mathews, was presented with the prestigious Trailblazer Award. In her acceptance speech, Mathews reflected on her journey, stating, “We did an entrepreneurial showcase here in 1996. We were in a small dining room upstairs. Businesses showcased their wares, and we had a meal — cold chicken. I remember saying from the podium that day that, ‘Someday we will fill the DECC.’ Looks like we’ve filled the DECC!” Mathews’ words echoed the growth and ambition that the Entrepreneur Fund inspires within the business community.

A Legacy of Support and Growth

Since its establishment in the late 1980s, the Entrepreneur Fund has played an invaluable role in the local economy by providing over $155 million in loans. These funds have supported a diverse array of entrepreneurs—from start-ups to expansions—helping to create and sustain tens of thousands of jobs. Additionally, the organization offers crucial technical assistance, resources, and networking opportunities that empower entrepreneurs to thrive and innovate.

Entrepreneur Fund President Sean Wellnitz on Growth

Sean Wellnitz, President and CEO of the Entrepreneur Fund, remarked on what he terms a “milestone year” for the nonprofit. The organization has doubled in size and is projected to deploy over $20 million in loan capital to serve more than 1,300 entrepreneurs. Recently, a significant gift of $9 million from philanthropist MacKenzie Scott has further strengthened their capacity to support local businesses. Wellnitz shared that nearly 250 businesses have either started, improved, or grown significantly this year thanks to the Fund’s assistance.

Recognizing Outstanding Business Leaders

The awards honored nine distinguished business leaders:

• Benjamin Hugus, CEO and founder of Ursa Minor Brewing
• Jason Wobbema, president of Advanced Machine Guarding Solutions
• Nicole Wilde, owner and CEO of Love Creamery
• Chiamaka Enemuoh, president of Lifestone Health Care
• Jessica and Erik Lietz, owners of Boomtown Woodfire Bar & Grill
• Larry Pulkrabek, CEO of Trika and Mont du Lac Resort
• Chris Olin, CEO and owner of Rox Speed FX
• Jeff and Sue Churchill, owners of Round Man Brewing Co., Dock Coffee, Strongman Smokehouse, and Parliament Properties
• Paul Kirkman, president of Victual

These leaders showcased resilience and success in their respective industries, each making significant contributions to the regional economy.

Global Reach from Local Roots

As Jake Robinson, a board member of the Entrepreneur Fund, noted, “While the implications are local, the reach is global, with products from entrepreneurs reaching nearly every corner of the globe.” The awards ceremony not only celebrated these outstanding entrepreneurs but also facilitated interactive behind-the-business sessions, where award winners shared how the Entrepreneur Fund’s tailored services contributed to their specific business needs.

Exploring the Impact of Entrepreneurial Support

The breakout sessions during the event provided a platform for audience questions, revealing common themes around the broader community benefits derived from each business’s successes. Entrepreneurs discussed how their innovations and growth not only bolstered their individual brands but also enhanced the local economy, creating jobs and fostering community development.

Dauphin: An Example of Local Impact

Victual, a specialty food and gift shop based in Crosby known for its unique offerings including house-made ice cream and artisan cheese, has witnessed substantial growth since partnering with the Entrepreneur Fund. Paul Kirkman, the shop’s owner, expressed gratitude for the support he received, stating, “The thing that I have noticed, especially in a small town, is that everyone roots for you. They want you to succeed.” This collaboration has allowed him to expand and innovate continuously.

Utilizing AI legalese decoder for Business Growth

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Advanced Solutions from Emerging Companies

Jason Wobbema, from Advanced Machine Guarding Solutions, reflected on the company’s journey through adversity, especially during the challenging times brought on by the pandemic. His dedication and partnership with the Entrepreneur Fund have positioned his company for a significant expansion. Wobbema stated, “We built enough equipment to really just get enough product out the door but we were not set up to compete on a global level with our competitors. That’s what we’re building right now.”

Conclusion: Commitment to Community and Innovation

The Entrepreneur Fund Distinction Awards not only highlighted the achievements of local businesses but also reinforced the organization’s dedication to fostering an entrepreneurial ecosystem. Events like these showcase the critical role that local support systems play in driving innovation and economic growth in the region. As businesses continue to thrive, the future looks bright for entrepreneurs and the communities they serve.

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