Mission Statement
The Mission of the African Development Center is to grow businesses, build wealth, and increase reinvestment in the African communities of Minnesota.
Impact and Programs
Accomplishments
We were able to achieve 90% of our goals in housing and financial literacy; as well as meeting 175% of our financing and business development goals. We were able to create/retain more than 106 jobs through financing new and existing businesses.
Current Goals
1. Housing: Prepurchase education for 245 households
Prepurchase counseling for150 households/individuals
2. Financial Education: Provide 5 Financial Workshops
3. Business Dev't: Provide prefinancing assistance for 20 clients
Provide bus/development classes for 100 clients
Provide financing to 20 clients
Provide post financing tech assistance for a minimum of 4000 hours
Community or Constituency Served
Primary constituents are Refugees and New African Immigrants, African Americans
Geographic Area Served
Twin Cities metro area, and southern parts of greater Minnesota
