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The Center for Rural Entrepreneurial Studies
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The Center for Rural Entrepreneurial Studies (CRES), housed at the University of Minnesota, Crookston, is a grant funded organization that assists entrepreneurs in the formation and growth of their entrepreneurial venture. CRES serves the area of Northwest Minnesota, offering services to the following 11 counties: Beltrami, Clearwater, Kittson, Lake of the Woods, Mahnomen, Marshall, Norman, Pennington, Polk, Red Lake, and Roseau. History The Center for Rural Entrepreneurial Studies officially began in August 2010 with a congressionally directed grant from the U.S. Department of Education. The grant was supported by both Senators Al Franken and Amy Klobuchar with Congressman Collin Peterson playing an important leadership role in the entrepreneurial endeavor. Services The Center for Rural Entrepreneurial Studies provides clients with technical assistance, research, and entrepreneurial advice and counseling. CRES offers individualized services based on the clients’ need. The services include and are not limited to the following: * Background Research for Business Plans * Cost-reduction Strategy * Creative Services * Early-stage Analysis * Human Resource Planning * Identification of Customers * Internet Marketing/Social Media * Lean Accounting * Lean Evaluation * Logistics and Supply Chain Analysis * Low-Cost Marketing * Market Research * Pricing Assistance * Product Development/Feasibility * Review/Assistance of Business Plans * Sales Forecasting * SWOT Analysis * Video Productions Core Functions The Center for Rural Entrepreneurial Studies' core functions are to provide support in the development of small buisness and entrepreneurship awareness in Northwest Minnesota. This support comes from the development in the following areas: * Advancement of Entrepreneurship Education * Conducting Research on Entrepreneurial Subjects * :Outreach Activities with a Focus on Regional Economic Growth :Technical Assistance to Regional Entrepreneurs * Public Education * :Community Presentations :Entrepreneur Boot-Camp Designed for High School Students :Projects for Regional Entrepreneurs * Growing Student Entrepreneurial Interest * :Enhanced Curriculum :Internships with Entrepreneurs :Class Projects :Supporting Student Entrepreneurial Ventures
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