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


Secondary Market Lending Authority Program

The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.







Small Business Innovation Research Phase IIB Bridge Awards

In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.




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


Personal Census Search | Welfare Reform Research, Evaluations and National Studies | Small Rural Hospital Improvement Grant Program | Market News | Coal Miners Respiratory Impairment Treatment Clinics and Services |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2025 Copyright Michael Saunders