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A gVantage has been recognized as one of the “Most Promising IBM Solution Providers 2021”, awarded by CIO Review. This annual listing shows the 20 companies that are at the forefront of providing IBM solutions and transforming businesses. AgVantage Software has been providing accounting and agriculture-focused software for cooperatives and agbusinesses in the US to keep their operations running leading edge technologies. Grain elevators, farm stores, fertilizer/chemical dealers, seed companies, feed manufacturers, and fuel distributors utilize its ERP system and software related to accounting, agronomy, energy management, feed, and patronage tracking. “We write cutting edge, ag-focused technologies on the foundation of the IBM power systems,” states Michelle Blomberg, president and CEO of AgVantage. AgVantage has deployed Db2 as their core database, and its system runs on IBM legacy code. The firm has implemented a process called customer-driven development. AgVantage Gets Recognition
RAEDI Recieves Funding R ochester Area Economic Development, Inc. (RAEDI) is pleased to announce that the organization has received $100,000 in initial funding from the Minnesota Emerging Entrepreneur Loan Program (ELP) to provide as loans to support the growth of businesses owned and operated by minorities, low-income persons, women, veterans and/or persons with disabilities. “The Emerging Entrepreneur Loan Program is an invaluable tool that will help RAEDI empower historically underserved entrepreneurs in the Rochester area,” said John Wade, President of RAEDI. In order to qualify for a loan under the ELP, businesses must be based in Minnesota and owned and operated by one or more Minnesota residents who are minorities, low-income persons, women, veterans and/or persons with disabilities. The program will finance a variety of start-up and expansion costs, including normal expenses such as machinery and equipment, inventory and receivables, working capital, new construction, renovation, and site acquisition. Businesses eligible for loans include, but are not limited to, technologically innovative industries, value-added manufacturing, and information industries. ELP loans can range from a minimum of $5,000 to a maximum of $150,000 per project, matched at least 1:1 by new private financing. Beginning microenterprises (defined as businesses that have fewer than five employees and have generated sales revenue for two years or less), including retail businesses, may apply for $5,000 to $50,000 without private matching funds.
| Advantage Magazine 18
August 2021
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