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


How The Government Can Help Your Small Business

The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.







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.





Social Entrepreneurship
Spotlight



Exeter Sees Growth in Social Enterprise Sector


A partner at The Fruit Tree for Business LLP and co-founder of ESSENCE, Lorna Turner, discusses why Social Enterprise Day is a good time to celebrate Exeter’s thriving social enterprise scene.









More Federal Domestic Assistance Programs


Lower Rio Grande Valley Water Resources Conservation and Improvement | Assisted Living Conversion for Eligible Multifamily Housing Projects | Affordable Care Act Program for Early Detection of Certain Medical Conditions Related to Environment | Food for Peace Development Assistance Program (DAP) | Improving the Capability of Indian Tribal Governments to Regulate Environmental Quality |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2025 Copyright Michael Saunders