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New American Development Center

New American Development Center is an Elevate Hennepin business advisor offering up to 25 hours of services at no cost, including:

  • Strategic business planning
  • Capital access
  • Financial management and accounting

 

New American Development Center builds a strong and vibrant community through sustainable community and economic development programs by levering resources and addressing cultural needs. NADC provides business development and financial literacy through culturally appropriate mechanisms to serve the East African Immigrant community.

NADC was founded in 2008 to address the challenges facing the growing East African/Somali immigrant population in the Twin Cities region. Given the cultural and religious differences between the mainstream and East African/Somali community, the culturally appropriate wealth-building programs at NADC fill a critical gap.

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Specialties

Access to Capital, Advisors and consultants, African American or Black, Disadvantaged businesses, Financial management, Immigrant, Lending resources, Nonprofit sector, Strategic planning

Specialization

African American or Black, Disadvantaged businesses, Immigrant, Nonprofit sector

Stage

Early growth businesses (1-9 employees), Idea stage businesses, Second stage businesses (10+ employees), Startup businesses (0 employees)

Language

Speaks English, Speaks another language, Speaks Somali

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