Opportunity Finance Network
Opportunity Finance Network (OFN) is a Philadelphia-based economic development agency founded in 1986. It operates as a national network of community development financial institutions (CDFIs) dedicated to investing in opportunities that uplift low-income, low-wealth, and disadvantaged communities throughout the United States. OFN focuses on addressing the financial needs of individuals and businesses that mainstream financial institutions often overlook. In addition to its investment activities, the agency offers strategic consulting services aimed at enhancing industry capacity, supporting government agencies, and assisting socially responsible investors such as banks and foundations. The management team oversees the agency's operations and assets, ensuring alignment with its mission to foster financial, social, and political justice.
Metropolitan Economic Development Association(MEDA)
Grant in 2018
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.
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