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LEDC is a pioneer in supporting aspiring entrepreneurs and business owners using field-tested tools. Our goal is to spark change and inspire entrepreneurs to sharpen their business know-how so that the Latino business community continues to grow and thrive.
People are our main focus, which is why we have coaches and business consultants available to help you reach your goals.
Latino Economic Development Center has been assisting, supporting, financing, and launching hundreds of successful micro-entrepreneurs since 2003. LEDC has played a key role in the Lake Street commercial corridor and other areas of the Minneapolis-St. Paul area by delivering training, workshops and one-on-one consultation. LEDC organized the Latino community to develop projects such as the Mercado Central and Midtown Global Market in collaboration with other sister organizations. In 2008 LEDC expanded its services to rural areas due to demand for services in small and mid-sized communities such as Long Prairie, Willmar, Owatonna, Austin, St. Cloud, and Rochester among others.
Our business development process consists of the following steps:
Feasibility: Our services begin with clear communication in order to develop a close relationship with the aspiring entrepreneur. We guide you in creating a road map that will take you from general business ideas to the specific tasks that will help you build your business’ foundation.
Business Training: As an aspiring entrepreneur, we encourage you to attend our Business Development Training to hone your skills in preparation for running your future business. The most common topics of discussion include:
Business Coaching:We walk alongside you during the process of designing and/or updating your business model, helping you hone your personal and technical skills along the way.
LEDC has a lending portfolio with resources available for qualified entrepreneurs. We want every Latino family in Minnesota to prosper. We know Latinos have endless potential and, with new businesses, are ready to offer high quality products and services to American markets.
Funding business with micro-lending is our way of contributing to the creation of wealth. We are proud to say that over 90% of our lending portfolio is successfully repaid. Credit payoff is one of our staple metrics of success because it demonstrates that we have supported our entrepreneurs in the creation of sustainable businesses.
LEDC’s consultants provide a wide range of services for your new or expanding businesses through one-on-one TA. Relevant topics include business planning, costs and sales projections, cash flow analysis, marketing, and access to capital.
For general questions and to schedule an appointment please fill the form bellow or contact us at:
