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





Featured Government Grant Resources


Minority Business Enterprise Centers for Minority-Owned Businesses

The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.







Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program

The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.




In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.









More Federal Domestic Assistance Programs


Child Support Enforcement Research | Specially Selected Health Projects | Homeland Security Preparedness Technical Assistance Program | Virginia Graeme Baker Pool and Spa Safety | Southeast Alaska Economic Disaster Fund |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2025 Copyright Michael Saunders