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SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $633 MILLION IN MINNESOTA OVER THE LAST 5 YEARS.

Small Business Investment Company Impact in Minnesota

  • SBICs have made 130 small businesses in Minnesota since 2018.
  • SBICs have invested $633.5 million in Minnesota small businesses since 2018, with $156.6 million invested in FY 2022.
  • Minnesota businesses that received financing from SBICs in 2022 supported 2,571 employees.

A sampling of the Minnesota-based companies that have received SBIC financing:

ANI Pharmaceuticals, Inc. (Baudette)

An emerging leader in the specialty pharmaceuticals industry, ANI Pharmaceuticals develops, manufactures and markets top quality prescription pharmaceuticals, made in the U.S.A. In two facilities with combined manufacturing, packaging and laboratory capacity exceeding 170,000 sq. ft., ANI develops and manufactures liquid, powder and oral solid dose products, including those requiring containment. ANI also performs contract manufacturing for some of the largest and most respected pharmaceutical companies in the world. The fully-cGMP qualified facilities boast state-of-the-art analytical and stability laboratories for ANI's rapidly expanding research and development program. 

  • SBIC: Argentum Group

 

Hayfield Windows & Doors (Hayfield)

For more than 65 years, Hayfield Window & Door Company has been an innovator in the window and door industry. Hayfield Window Company was founded in 1951 as an aluminum storm window fabricator. Expanded into the aluminum window business primarily used in commercial buildings. Today, Hayfield Window & Door operates in a 190,000 sq. ft. manufacturing building with an additional 6,000 sq. ft. of office and showroom, located on 55 acres of land. Their products exceed industry standards, while offering countless design possibilities to match any home decor and life style.

  • SBIC: Spell Capital