Organization: AFRICAN DEVELOPMENT CENTER
Mission: THE MISSION OF ADC IS TO GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA.
Activities: ADC'S CULTURALLY COMPETENT BUSINESS DEVELOPMENT SERVICES AND ITS PARTNERSHIPS WITH CRUCIAL FUNDING SOURCES HAVE DIRECTLY CONTRIBUTED TO THE SURGE IN AFRICAN-OWNED BUSINESSES THROUGHOUT MINNESOTA. IN ADDITION TO ONGOING TECHNICAL ASSISTANCE, ADC'S ENTREPRENEURSHIP WORKSHOPS HAD 23 GRADUATES IN THE TWIN CITIES AND 58 GRADUATES IN GREATER MINNESOTA. AFTER COMPLETION OF THE TRAININGS/WORKSHOPS, CLIENTS READY TO START THEIR BUSINESSES ENGAGE IN ONE-ON-ONE GUIDANCE WITH ADC'S BUSINESS LENDERS. IN 2019, ADC MADE 27 PROJECTS; 40 LOANS; LEVERAGED OVER $1.8 MILLION WITH A TOTAL PROJECT COST OF $3,003,483, CREATED 93 JOBS AND RETAINED 52.5 JOBS (TOTAL JOBS 145.5).
NTEE category: Community Improvement & Capacity Building