African Development Center

African Development Center

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ADC is a social-profit, community developer, and commercial lender working with the African community across the state of Minnesota.

ADC provides training, lending, and technical assistance to guide African immigrants and refugees in Minnesota along the path to economic prosperity. Minnesota, like the nation, is struggling to deal with the economic pressures and opportunities of immigration. ADC’s role in this big picture is to create answers on the opportunity side. Our work has corroborated studies showing that increasing the

08/12/2024

It's official - we are excited to announce that African Development Center is expanding—with a new branch in Nevada!

Building Wealth Among New Black Americans: African Immigrants 06/15/2024

Building Wealth Among New Black Americans: African Immigrants The African Development Center has a unique mission among the 1,500 Community Development Financial Institutions (CDFIs) in the U.S.

Building Wealth Among New Black Americans: African Immigrants 06/14/2024

ADC has been featured on ForbesBLK:

The African Development Center (ADC) has a unique mission among the 1,500 Community Development Financial Institutions (CDFIs) in the U.S. CDFIs provide financial services and counseling as well as community economic development to underbanked communities...

Building Wealth Among New Black Americans: African Immigrants The African Development Center has a unique mission among the 1,500 Community Development Financial Institutions (CDFIs) in the U.S.

Apply for Grants & Loans — MN Promise Act 06/10/2024

PROMISE Act Grant and Loan Programs:

Apply for Grants & Loans — MN Promise Act Apply Now! Minneapolis Grant and Loan Applications now open. Grant application portal will close on 11:59 p.m. on Sunday, June 30th, 2024.View an estimated timeline. Business Pre-Application Business Grant Nonprofit Pre-Application Nonprofit Grant Loan Pre-Application Loan Eligibility

[PHOTOS] PS Njogu meets business community in Minnesota 06/01/2024

[PHOTOS] PS Njogu meets business community in Minnesota The meeting was held at the African Development Centre (ADC)

[PHOTOS] PS Njogu meets business community in Minnesota 05/31/2024

Principal Secretary, State Department for Diaspora Affairs, Ministry of Foreign and Diaspora Affairs, Republic of Kenya, Roseline Njogu adresses the diaspora business community in Minnesota on May 30,2024

According to Njogu, African Development Center (ADC) champions the prosperity of African immigrants and refugees by helping them overcome barriers to financial security.

Njogu urged the business owners in the diaspora to take advantage of different investment opportunities available in Kenya.

[PHOTOS] PS Njogu meets business community in Minnesota The meeting was held at the African Development Centre (ADC)

Director of Communications and Fund Development 05/01/2024

Director of Communications and Fund Development Job SummaryWork with the CEO to prepare proposals for submittal to potential funding sources to obtain funds for ongoing or special projects. Acts as the primary contact for all external and internal...

Director of Lending / Business Development 05/01/2024

Director of Lending / Business Development Job Summary The African Development Center is seeking a Director of Lending / Business Development to join our team. The Director of Lending / Business Development is responsible for managing and ser...

Director of Communications and Fund Development 04/26/2024

We're hiring!

Click below to apply for Director of Communications and Fund Development:

Compensation & Benefits:

Annual Compensation $70K to $90K
Benefits: Health (ADC pays 100% of health insurance premium for staff), Dental, PTO, retirement plan and a possibility of free Master's Program:

Director of Communications and Fund Development Job SummaryWork with the CEO to prepare proposals for submittal to potential funding sources to obtain funds for ongoing or special projects. Acts as the primary contact for all external and internal...

Director of Lending / Business Development 04/26/2024

We're hiring!

We're Looking for a Director of Lending & Director of Communications and Fund Development, someone who's passionate about community economic development and increasing economic equity for entrepreneurs of color / minority-owned businesses.

Click the link below to apply for a Director of Lending:

Compensation & Benefits:

Annual Compensation $85K to $100K
Benefits: Health (ADC pays 100% of health insurance premium for staff), Dental, PTO, retirement plan and a possibility of free Master's Program:

Director of Lending / Business Development Job Summary The African Development Center is seeking a Director of Lending / Business Development to join our team. The Director of Lending / Business Development is responsible for managing and ser...

04/15/2024

NON-TRADITIONAL FINANCING WORKSHOP

Join us for this free program to learn more about non-traditional financing options for small businesses. These financing resources can be used in conjunction with conventional financing or to assist businesses just getting started. Choose from two different workshop opportunities - see the flyer below!

Photos from African Development Center's post 03/21/2024

Box truck for sale. Inbox us or call 612-333-4772, thanks!

03/19/2024

Honored to be one of the panelists at Opportunity Finance Network's session an hour ago: Capitalizing Community: CDFI and the Art of Equitable Finance!

Managing a CDFI is both an art and a science, as CDFI leaders must consider, and find an equilibrium, amidst many different factors. One of the most important is striking the balance of being an effective community partner while being a financial institution. CDFIs have to manage their fiduciary responsibilities and build a sustainable business model so that they can be an enduring, stable community partner. At the same time, to be a trusted, effective community lender and partner, CDFIs must provide low-cost, flexible capital and services.

MN Promise Act — Metropolitan Economic Development Association (Meda) 01/18/2024

MEDA is excited to announce that the MN PROMISE Act Loan Fund applications are now open! This program aims to support individuals in pursuing their goals and aspirations by providing financial assistance.

MN Promise Act — Metropolitan Economic Development Association (Meda) MN PROMISE ActThe Providing Resources & Opportunity & Maximizing Investments in Striving Entrepreneurs (PROMISE) Act Loan Program is a new, state-funded program that will provide loans to disadvantaged small businesses located in certain areas of Minneapolis and St. Paul. Click the button to begin ...

Support African Development Center on GiveMN 11/15/2023

Tomorrow is Give To The Max Day!

Early Giving Ends Today!!

Support African Development Center on GiveMN ADC creates economic success in MN's African community through small business development, financial literacy and homeownership prepardness.The mission of the African Development Center of Minnesota is to grow businesses, build wealth, and increase reinvestment in the...

Stearns Bank Allocates $10M for African Immigrant Loans 10/04/2023

ADC receives additional $10 million investment from Stearns Bank N.A. for making loans to African immigrants in the Twin Cities Metro Area.

Stearns Bank N.A. continues to demonstrate that Corporate Social Responsibility is also about creating opportunities.

“We’re committed to the mission of ADC and pledge to continue expanding our financial and resource support as a partner to increase financial access and empowerment in our communities,” said Kelly Skalicky, President and CEO, Stearns Bank N.A. “Creating dynamic, forward-thinking partnerships like ours with ADC multiplies the opportunities for so many more in our communities and benefits us all,” she added.

On Behalf of ADC Board, Loan Committee and Staff - I (Nasibu Sareva CEO of the African Development Center) would like to express my sincere gratitude and deep appreciation to Kelly Skalicky, the President & CEO of Stearns Bank N.A. and her team for the support of our work of economic empowerment and success of African immigrants throughout the State.

Through this unique partnership (including the first $10 million investment - see the article below), Stearns Bank N.A. has now earmarked a total of $20 million to support African Development Center’s strategic growth.

Stearns Bank Allocates $10M for African Immigrant Loans Through a partnership with the African Development Center, Stearns Bank is earmarking $10 million for making loans to African immigrants.

Photos from McKnight Foundation's post 07/18/2023
07/07/2023

📢 Exciting Announcement! 🎉 We are thrilled to introduce one of our esteemed panelists for the upcoming Awakening Trade & Conference.

Nasibu has held positions from Business Lender to Chief Financial Officer. He takes a vision and makes it a reality through sound strategy development. He intuitively continues the threads of opportunity that wind through an organization, brings them together into a coherent whole, helps others extend their thinking, and drives material business advantage. As the Chief Executive Officer, Nasibu is responsible for the strategic, tactical, and operational management of the organization. Charged with leading, developing, and sustaining the programs that serve African immigrants and refugees in the state.

Photos from African Development Center's post 06/26/2023

We wanted to say thank you to everyone who attended our St. Cloud welcome event this past Friday. It was great to see so many faces and the excitement about the opportunities ADC and Stearns Bank N.A. are bringing to St. Cloud.

We wanted to give special thanks to Senator Aric Putnam, Representative Bernie Perryman, and St. Cloud Police Chief Jeff Oxton for joining us and speaking at the event.

06/20/2023

Join us this Friday to celebrate!

06/19/2023

ADC is closed today in observation of Juneteenth. We honor Juneteenth as a day of freedom. We hope this day can be a time of reflection and celebration for our community and supporters.

THE AFRICA CEO FORUM on LinkedIn: Nasibu Sareva ACF 2023 06/19/2023

THE AFRICA CEO FORUM 2023, was bigger than ever!

Drawing over 2000 participants, in a business environment focused on Africa’s economic future. Participants included CEOs, Heads of Governments, investors, consultants and many others.

Nasibu Sareva, the CEO African Development Center says there is great potential in the African , that could be tapped into to contribute to the continent’s .

Watch the clip below for more👇:

THE AFRICA CEO FORUM on LinkedIn: Nasibu Sareva ACF 2023 THE AFRICA CEO FORUM 2023, was bigger than ever!🚀 Drawing over 2000 participants, in a business environment focused on Africa’s economic future. Participants…

05/31/2023

We're hiring!

We're Looking for a Program Assistant and Office Coordinator and Loan Officer/Business Advisor, someone who's passionate about community economic development and increasing economic equity for entrepreneurs of color / minority-owned businesses.

https://jobs.minnesotanonprofits.org/company/african-development-center-38324

05/24/2023

Register for our upcoming business development class! This class will help set your business up for success. Topics include cash flow, management, marketing, and more.
Follow this link to register:

https://www.eventbrite.com/e/business-development-class-metro-tickets-633481810147?aff=ebdssbdestsearch

04/28/2023

ADC is thankful for all of the wonderful people on our Board, Loan Committee, and all of the volunteers who make the important work we do possible. Thank you for the time and dedication to ADC!

Thank you to Simone and the Jambo Africa Restaurant team for hosting us!

04/18/2023

We are excited to announce that our partnership with First CDC, For Economic Inclusion, and has led to the launch of the 2nd Annual Center For Economic Inclusion Vanguard Accelerator.

This accelerator is offering $450,000+ in investments to help accelerate Black, Indigenous, and Latina-owned business in the Twin Cities region.

The deadline to apply is May 16, 2023

Don’t miss your chance to apply, head to https://ff-cdc.org/3mxetYD to apply today.

04/17/2023

Register for our upcoming business development class! This class will help set your business up for success. Topics include cash flow, management, marketing, and more.

Follow this link to register: https://www.eventbrite.com/e/business-development-class-metro-tickets-139709313317

Stearns Bank and African Development Center Partner on New Funding Program to Expand Financing in Underbanked Communities 04/13/2023

ADC and Stearns Bank N.A. are working together on a new program that will provide $10 million in funding for loans in Central Minnesota.

"Stearns Bank demonstrates that Corporate Social Responsibility is not just about managing, reducing, and avoiding risk, it is also about creating opportunities," said Nasibu Sareva.

We are grateful for Stearns Bank's commitment to our mission and the work we do at ADC. Support like this is critical to make change and helping our community.

Stearns Bank and African Development Center Partner on New Funding Program to Expand Financing in Underbanked Communities Stearns Bank and African Development Center are partnering on a new $10 million funding program to expand financing and resource support throughout Central Minnesota.

St. Anthony: Construction on $28M Coliseum redo now underway on Lake Street 04/04/2023

Collaboration is key!

“ADC is proud to be working with our CDFI partners and friends on the Coliseum Project. Growth, building wealth and reinvestment are values that the African Development Center holds closely. The investment into the Coliseum Project is a promise to our community to continue to foster those values and support the African immigrant and BIPOC communities along Lake Street and in Minnesota.”- Nasibu Sareva, CEO African Development Center

St. Anthony: Construction on $28M Coliseum redo now underway on Lake Street Developer Redesign will announce Tuesday the largest riot-reconstruction project on E. Lake Street, led by a Black developer and three Black owners, has closed and is under construction.

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Address


1931 S 5th Street
Minneapolis, MN
55454

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
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