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Metropolitan Economic Development Association
AddedFeb 16, 2024
UpdatedJun 28, 2026
Metropolitan Economic Development Association

Metropolitan Economic Development Association

Operating

Meda: Empowering minority entrepreneurs with business consulting, capital access, and market opportunities.

Founded
1971
Location
Minneapolis, MN, US
Overview
Compare
Employees
Website

Metropolitan Economic Development Association (Meda) focuses on empowering minority entrepreneurs by providing business consulting, access to capital, and market opportunities. Meda operates primarily in the Minneapolis area and offers various funding options, including grants. Their investment size typically ranges from $25,000 to $300,000, supporting early-stage businesses through initiatives like the MN PROMISE Loan Program.

Notable portfolio companies include Femly, Flourish, IndusTrack, Mi Terro, Options MD, and Please Assist Me. Meda's investment philosophy centers on fostering growth for BIPOC businesses through trusted advising and strategic connections. The organization also collaborates with the Minority Business Development Agency to link Minnesota Minority Business Enterprises with broader business opportunities.

Similar Organizations

Association for Enterprise Growth logo

Association for Enterprise Growth

Quick Facts

What organizations are similar to Metropolitan Economic Development Association?

Organizations similar to Metropolitan Economic Development Association include Association for Enterprise Growth.

When was Metropolitan Economic Development Association founded?

Metropolitan Economic Development Association was founded in 1971.

Where is Metropolitan Economic Development Association's headquarters located?

Metropolitan Economic Development Association's headquarters is located in Minneapolis, MN, US.

When was Metropolitan Economic Development Association's last funding round?

Metropolitan Economic Development Association's most recent funding round was for $5.9M (USD) in April 2023.

How much has Metropolitan Economic Development Association raised to-date?

As of Apr 10, 2023, Metropolitan Economic Development Association has raised a total of $8.6M (USD).

How many employees does Metropolitan Economic Development Association have?

Metropolitan Economic Development Association has 30 employees as of Feb 4, 2024.

Classification

NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541611Administrative Management and General Management Consulting Services
  • 541000Professional, Scientific, and Technical Services
  • 541600Management, Scientific, and Technical Consulting Services
  • 541610Management Consulting Services
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 2 more industry codes
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions