Neighborhood Development Center: Building Community Economies from - PowerPoint PPT Presentation

Neighborhood Development Center: Building Community Economies from Within Big Daddy’s BBQ

The NDC Model – 26 Years in the Twin Cities A proven model based on: Building local entrepreneurial talent in low-income communities Community partnerships Comprehensive supports: • Training • Lending • Technical assistance • Business incubators Results: • 5000+ persons trained, $16M financed Safe Tree Transportation • 500 businesses currently open • 2400+ jobs • $61M added to regional economy annually

Entrepreneur Training • 12 week curriculum, with 10 one-on-ones with trainer • 220 entrepreneurs trained yearly • Classes are taught in community settings largely to entrepreneurs of color NDC Entrepreneur Graduation

SMALL BUSINESS FINANCING • Term Loans, Lines of Credit, Contract Financing, etc. • Sharia-compliant financing • Loans of up to $250,000 possible Dilla’s Ethiopian Restaurant

East Lake Brewery Business Assistance Adobe DeSigns • Services included: • Record keeping • Marketing & graphic design • Energy audits  4,000 hours of one-on-one technical assistance • Growth planning provided to 300 entrepreneurs a year • Restaurant & food consultation • General management

Real Estate Incubators • 60 percent of NDC assisted businesses occupy a formerly vacant building. • NDC provides a suite of TA services to assist tenant businesses lease, improve and open in these vacancies. • NDC has redeveloped 6 commercial properties that now house more than 120 small businesses. Midtown Global Market, Minneapolis