The mission of adc is to grow businesses, build wealth and increase reinvestment in the african communities of minnesota.

Family Services , Human Services

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 offered 4 start-up business workshops in the twin cities in 2017. In 2017, more than 20 business class graduates participated in (speed) coaching sessions in the twin cities. After completion of the trainings/workshop, clients ready to start their businesses engage in one-on-one guidance with adc's business lenders. In 2017, adc made 42 loans as part of 32 projects; leveraged over $1,298,166 with a total project cost of $2,594,866, created 179 jobs and 149 retained jobs (total jobs 328). Additionally, adc held 26 "homestretch" workshops the first saturday of each month for first-time home buyers. Of those, 13 were in the twin cities and 13 in greater minnesota/st. Cloud areas; and with a grand total of 211 participants. In 2017, 140 clients were seen in relation to homeownership counseling - of whom 50% were women. Finally, 75 clients were seen in group setting for financial literacy workshops - 42 from greater minnesota and 33 from the metro area.