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

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Apr 10, 2023 125 likes •204 views

Neighborhood Development Center: Building Community Economies from Within Big Daddys BBQ The NDC Model 26 Years in the Twin Cities A proven model based on: Building local entrepreneurial talent in low-income communities Community

SLIDE 1

Neighborhood Development Center: Building Community Economies from Within

Big Daddy’s BBQ

SLIDE 2

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
500 businesses currently open
2400+ jobs
$61M added to regional economy annually

Safe Tree Transportation

SLIDE 3

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

SLIDE 4

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

SLIDE 5

Business Assistance

Services included:
Record keeping
Marketing & graphic design
Energy audits
Growth planning
Restaurant & food consultation
General management
4,000 hours of one-on-one technical assistance

provided to 300 entrepreneurs a year East Lake Brewery Adobe DeSigns

SLIDE 6

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