Metropolitan Economic Development Association(MEDA)

Meda provides business consulting, access to capital, and market opportunities for minority entrepreneurs. Meda also operates a business development center under cooperative agreement with the Minority Business Development Agency (MBDA) of the U.S. Department of Commerce. The Minneapolis MBDA Business Center connects Minnesota Minority Business Enterprises (MBEs) with business opportunities. In 2016, Meda served 676 customers through our combined service offerings and helped minority businesses secure $165 million in contracts. Since its beginning in 1971, Meda has helped more than 20,000 entrepreneurs of color and assisted in the start-up of more than 550 businesses.

Alfredo Martel

CEO and President

6 past transactions

Femly

Grant in 2021
Femly LLC, established in 2016 and based in Upper Marlboro, Maryland, specializes in manufacturing and distributing eco-friendly feminine hygiene care products. Its offerings include organic cotton tampons, day and night pads, menstrual cups, and related items, all designed to be environmentally sustainable and non-toxic. Femly provides direct-to-consumer services through a monthly subscription and online ordering platform, with home delivery options. Additionally, it supplies restrooms at various organizations, such as hotels, co-working spaces, and colleges. The company's products are available for purchase exclusively through its online platform.

Flourish Fi

Grant in 2021
Flourish Savings, Inc. is a digital engagement platform based in Albany, California, that focuses on enhancing financial habits through a rewards-based online and mobile savings account. Founded in 2017, the company aims to appeal to individuals who underutilize traditional banking services. Flourish Savings provides financial institutions, such as banks and credit unions, with tools to attract new consumers and encourage meaningful financial actions. Its innovative platform allows users to grow their savings by engaging in activities that unlock prizes, thereby promoting positive financial behaviors. By facilitating new deposits and fostering deeper relationships between consumers and financial institutions, Flourish Savings contributes to increased revenue and customer engagement in the financial services sector.

Mi Terro

Grant in 2021
Mi Terro is a company focused on developing eco-friendly materials from agricultural waste, specifically targeting the flexible packaging sector. Unlike other businesses that convert agricultural byproducts into food items, Mi Terro repurposes this waste to create ocean degradable and home compostable packaging solutions. Their innovative materials can be utilized across various applications, including fresh produce, dry food, fashion, and cleaning products. By using agricultural byproducts, Mi Terro's process significantly reduces energy consumption and lowers carbon emissions compared to traditional plastic and paper production, generating up to 90% less CO2. The company aims to redefine the circular economy by transforming waste into sustainable materials, ultimately providing additional income opportunities for farmers worldwide and addressing global environmental challenges.

Please Assist Me

Grant in 2021
Please Assist Me, Inc. is a home management company that collaborates with apartment complexes to enhance residents' living experiences in Nashville, Tennessee, and Washington, D.C. Founded in 2018, the company offers a range of services including grocery shopping, laundry and dry cleaning, home cleaning, and assistance with mail and packages. By connecting residents to a dedicated personal assistant team, Please Assist Me aims to simplify household management, allowing residents to enjoy a more luxurious and convenient lifestyle. The company is headquartered in Nashville, Tennessee, and focuses on delivering tailored services to meet the diverse needs of apartment dwellers.

Options MD

Grant in 2021
Options MD is a telemedicine platform focused on delivering personalized care for individuals experiencing severe and treatment-resistant mental illnesses. The platform utilizes artificial intelligence to match patients with innovative depression care options provided by psychiatric experts. By streamlining the referral process to in-house specialists, Options MD enables patients to access appropriate medical care more efficiently, aiming to improve their treatment outcomes.

IndusTrack

Grant in 2021
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