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African Development Center
1808 Riverside Ave., Suite 200Minneapolis MN, 55454-1267
CDFI Awards for African Development Center
FA (2009) - $600,000
African Development Center is a certified CDFI established in 2005. The CDFI offers training and responsible lending products to African immigrant and refugee businesses that may not qualify for traditional sources of financing in the state of Minnesota. African Development Center will use its FY2009 Financial Assistance award to increase lending in its target market.
FA (2006) - $100,000
African Development Center of Minnesota (ADC) is a certified CDFI established in 2003. ADC provides culturally sensitive micro-lending and business training to African immigrants and refugees. ADC will use 2006 Technical Assistance Award of $100,000 to: 1) support the growth of its new micro-lending program; 2) purchase computers and portfolio tracking technology; and 3) support a new staff member that will provide accounting and loan management services.
Other Community Development Financial Institutions in Minnesota
African Development Center
Minneapolis
CAPITAL CITY PROPERTIES
St. Paul
Community Reinvestment Fund, Inc
Minneapolis
Dakota Futures, Inc.
Morton
Development Corporation for Children
Minneapolis
Great Neighborhoods! Development Corp.
Minneapolis
Greater Minnesota Housing Fund
St. Paul
Habitat for Humanity of Minnesota, Inc.
Minneapolis
Indian Land Capital Company
Little Canada
Indian Land Tenure Foundation
Little Canada
Initiative Foundation
Little Falls
Leech Lake Band of Ojibwe
Cass Lake
Midwest Minnesota Community Development Corporation
Detroit Lakes
National New Markets Tax Credit Fund, Inc
Minneapolis
Neighborhood Development Center
St. Paul
Nonprofits Assistance Fund
Minneapolis
Northland Foundation
Duluth
Sparc
Saint Paul
University National Bank
St Paul
WomenVenture
St. Paul
Featured Government Grant Resources
Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
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.
Social Entrepreneurship
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When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
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.
