African Economic Development Solutions

Business Development training and small business consulting program provided service to 1286 clients in 2022. The program equips African immigrants and members clients of other marginalized communities in the twin cities and greater Minnesota with pertinent business skills indispensable for their success as entrepreneurs of color. The training consists of classes, workshops, field work, and one-on-one sessions. Some of the areas the program provides business consulting to existing or aspiring entrepreneurs in are licensing and lease review, finance, and accounting services, and crafting effective growth strategies and organizational structures. This program also includes the micro loans, which are to help provide access to the capital that helps launch their businesses, in addition to covid-19 grants to businesses and malls.homeownership and financial literacy workshop program provided to 114 families in workshops and counseling in 2022. The program helps disadvantaged families and first-time homebuyers make informed decisions as they fully realize their slice of the american dream, and to help individuals or families develop the skills necessary to succeed in the complex world of finance. Housing counselors can review your finances, credit report, and provide information on current mortgage loan programs, including down payment and closing cost assistance. Workshops will also assist in learning to make educated financial decisions and achieve financial goals.little africa engaged with an estimated 10,000 people through our virtual little African annual festival and national African leadership conference events in 2022. This program is designed to engage with artists and communities to build local economy through arts and building leadership capacity in the community.