The City of Caledonia was recently selected as a participant of the Southern Minnesota Initiative Foundation (SMIF) Rural Entrepreneurial Venture Program (REV). Rural Entrepreneurial Ventures (REV) is a proven entrepreneurial development program designed to advance small town economies through a targeted business approach.
REV provides coaching, resources and connections throughout the visioning and implementation process as each community explores what economic development means for their town. The REV program works with selected small towns over a three-year period. It takes a targeted approach to entrepreneurial development through outreach, investment and community ecosystem building. The participating communities are supported through a trained REV coach, who gives them the tools and resources they need to develop and execute entrepreneur-led strategic priorities.
The program will be launched in January 2024 where the core team will identify targeted talent, industry clusters, and research and discover local entrepreneurs followed by creating an action-oriented outreach plan.
To learn more about the REV program, visit smifoundation.org/REV