Neighborhood Development Center

St. Paul MN


Neighborhood Development Center (NDC) is a certified CDFI originally established as a community development corporation in 1993. NDC provides comprehensive business training, microenterprise loans and second stage or small business loans in Minnesota’s Minneapolis and St. Paul low-income communities. Applicant targets its products and services to new immigrants, African Americans, and other marginalized populations. The Awardee will use the 2006 TA grant of $99,975 to 1) Purchase technology and engage consultants to design and launch an integrated client-based database; 2) Cover staff operating expenses to conduct internal training on the new database; 3) Engage consultants to effectively expand development services and financing products into two new neighborhoods in North Minneapolis and the Empowerment Zone area of south Minneapolis; and 4) Engage an expert in interest alternative financing to provide direct development services to Applicant’s Somali, East African, and other Musl

CDFI Awards for Neighborhood Development Center


FA (2007) - $150,000

The Neighborhood Development Center (NDC), a certified CDFI since 1993, serves low-income communities in the Twin Cities. It provides loans and development services to emerging entrepreneurs. NDC’s principal product is a micro-loan ranging from $500 to $25,000 targeted to minority and immigrant business people. To date, NDC has financed and supported over 420 businesses and has provided loans totally more than $5 million. Applicant will use its FY07 Financial Assistance award to implement a new innovative product aimed at reaching out to immigrant business people, particularly Islamic individuals who have special needs.



TA (2006) - $99,975

Neighborhood Development Center (NDC) is a certified CDFI originally established as a community development corporation in 1993. NDC provides comprehensive business training, microenterprise loans and second stage or small business loans in Minnesota’s Minneapolis and St. Paul low-income communities. Applicant targets its products and services to new immigrants, African Americans, and other marginalized populations. The Awardee will use the 2006 TA grant of $99,975 to 1) Purchase technology and engage consultants to design and launch an integrated client-based database; 2) Cover staff operating expenses to conduct internal training on the new database; 3) Engage consultants to effectively expand development services and financing products into two new neighborhoods in North Minneapolis and the Empowerment Zone area of south Minneapolis; and 4) Engage an expert in interest alternative financing to provide direct development services to Applicant’s Somali, East African, and other Muslim customers using the Applicant’s “reba-free” financing product.



Other Community Development Financial Institutions in Minnesota

WomenVenture
St. Paul





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