Metropolitan Economic Development Association - aVenture Non-Profit Research
Metropolitan Economic Development Association
Operating Status: Operating
Meda: Empowering minority entrepreneurs with business consulting, capital access, and market opportunities.
Founded
1971
Location
Minneapolis, MN, US
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.