Amplio Receives Job Creation Award

Amplio Economic Development Corporation (Amplio) is honored to be recognized by the U. S. Small Business Administration’s (SBA) Minnesota District Office with its Certified Development Company Job Creation Award!

This is the sixth year in a row that Amplio has received the award. As an economic development organization, Amplio is proud to be recognized for its job creation role across Minnesota. This award is one of 11 that the SBA’s Minnesota District Office presented to SBA lenders across the state for lending that occurred between July 1, 2023, and June 30, 2024. The awards were presented on Thursday, September 12, 2024, at the Minnesota Small Business Lenders Conference in Bloomington.

The CDC Job Creation Award recognizes the jobs created or retained through SBA 504 loans. The SBA 504 loan program is an economic development program with a goal to help small businesses grow and create jobs. It can be used by small businesses to acquire, build, or refinance real estate or capital equipment. From July 2023 to June 2024, Amplio helped 35 businesses get access to $29.6 million in financing and create or retain 542 jobs.

About Amplio Economic Development Corporation

Amplio Economic Development Corporation is a nonprofit economic development organization serving small businesses in Minnesota and western Wisconsin. Amplio is a Certified Development Company, certified by the U. S. Small Business Administration to provide SBA 504 loans. The SBA 504 loan program is the SBA’s premier lending program for owner-occupied commercial real estate and equipment financing. Amplio also provides gap loans, makes referrals to other economic development loan programs, and assists others in administering financial assistance. Amplio was founded in 1981 and has provided more than 1,300 loans worth over $636 million. Learn more at www.amplioedc.com.

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.