MBFC Grant Awarded to Metropolitan Consortium of Community Developers
Minnesota Business Finance Corporation (MBFC) announces that a grant was presented to Metropolitan Consortium of Community Developers (MCCD) in April on behalf of their request for support for the Open to Business (O2B) program. Mueller met with Roth to present the check at the MCCD’s office on Chicago Avenue in Minneapolis, MN.
The O2B program provides business advising services at no cost as well as lending initiatives for small businesses and entrepreneurs.
- In 2017 there was 5,872 hours of direct technical assistance provided to 846 businesses.
- The MCCD lending programs were able to support 58 small business loans totaling over $2.2 Million dollars.
MCCD serves a six county Metro area (Anoka, Carver, Dakota, Hennepin, Scott, and Washington) with special emphasis on entrepreneurs of color and those who are low-income (below 80% of area median income). Roth noted that MCCD aims to expand into Ramsey county some time within 2018. For more information on programs offered by MCCD please click here for their web page. The Star Tribune has praised “MCCD’s lender/adviser programs for stimulating many tiny businesses.”
MBFC is proud to offer grant and rebate programs for Economic, Community Development initiatives, and Veteran Military borrowers. For more information on how your entity can apply and for qualification requirements please contact your local MBFC Business Development Officer today.