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Metropolitan Economic Development Association
"helping entrepreneurs of color succeed"

your monthly connection to everything MEDA!

April 24, 2008 | Volume 2.3
www.meda.net
It finally feels like Spring!
 

As part of MEDA's springtime sprucing up, we are working to better meet the needs of our clients and partners. So, we worked with Tunheim Partners to conduct an independent perception survey to find out how well known are the depth and breadth of our services, as well as whether the community finds our services effective.

 

Our thanks to Jim Boyle and Emily Chapman at Tunheim Partners for conducting the survey and analyzing the responses. The results, overwhelmingly positive, will be featured in next month's newsletter.

 

Be sure to let us know something that you'd like MEDA to share. Send your suggestions via e-mail to
info@meda.net.
 
We look forward to being your monthly connection to everything MEDA.

Rani Engineering honored for leadership
Rani Engineering
MEDA Client Susan Rani of Rani Engineering recently received the St. Paul Area Chamber of Commerce "Celebrate Business Success Award."
 
The award is given to businesses that provide leading examples of how companies, employees and initiatives contribute to a shared vision of economic success in the St. Paul/east metro area.
 
Under Rani's leadership, the company has grown to become the largest female, minority-owned firm in
Minnesota.

 

(Pictured above, l-r, Susan Rani and Tara Mettessich with Moore, Costello & Hart.)

MEDA earns CDFI certification
 

The Department of the Treasury determined that MEDA has met all criteria to become a Community Development Financing Institution (CDFI).  

 
To become a certified CDFI, organizations must submit an application demonstrating that it meets six predetermined criteria, including providing development services in conjunction with financing activities.
 
"This certification will help open doors for MEDA to access loan capital from the federal government,as well as grants for supporting management and technical assistance," said Jan Jordet, director of Fund Development and Communications.
 
Certified CDFIs work in market niches underserved by traditional financial institutions, providing a unique range of financial products and services in economically distressed target markets, such as flexible underwriting and risk capital for needed community facilities, and technical assistance, commercial loans and investments to small start-up or expanding businesses in low-income areas.
Board Spotlight Maria Seiler
Maria Seiler

Vice President of Diversity, Carlson Hotels Worldwide & Regent Luxury

 

For board member Maria Seiler, helping others become successful is both a personal and professional responsibility. It's in her talk, and, more importantly, it's in her walk. 

 

"I am the American dream for my family," she said. Seiler came to the U.S. from Mexico at the age of four. At 18, she became a citizen and was the first one in her family to graduate from college.

 

"Now, I have the responsibility to help other minorities achieve their American dream, because so many people have helped me along the way and I need to give back." That's why she joined the board nearly a year ago.

 

She said she also has the opportunity to help others get to know Carlson Companies and the good things it is doing to help minorities in the community.

 

Seiler is encouraged by MEDA's ability to help clients "make it," through business ownership, job creation and contributions to the economy and looks forward to the enhancement of its services, such as presentation skills.

 

"We need to help small businesses be as prepared and equipped as possible to really deal with a multicultural workplace -- which means people who don't look like them."

 

As an active board member, she said, "I am in awe of the brilliance that sits around that room. We're here because we have a common thread that binds us together - and that's to help others. I am proud to be part of MEDA."

New Staff!

Rita ApalooRita Apaloo 
Program Coordinator, Entrepreneurial Leadership Program

 

Rita has worked in the nonprofit sector for the past 14 years with AccessAbility, Inc. and has experience in executive support, marketing, research/fund development, program evaluation/analysis and event planning. She is founder/director of African Women Connect (AWC), a networking and relationship-building organization for African immigrant women living in the Twin Cities.

 

She comes to MEDA through Careership, a Twin Cities Local Initiatives Support Corporation (LISC) Program. Careership is a mid-career apprenticeship program designed to train new leaders, particularly people of color, for professional positions in the community development field.

 

Rita has an A.S. in Business and is currently pursing her bachelors in professional communications at Metropolitan State University in St. Paul.

_______________________________________
 

Kim StrandKim Strand 

Business Consultant

 

Kim, an Ojibwe from the Lac Courte Orielles Ojibwe Tribe (LCO), has 20 years experience in small business management and computer technology. Right out of college, Kim created two small businesses in the construction industry, one of which she sold. Soon after, she opened two more businesses; one in business services and one in the hospitality industry.  

 

As a small business consultant, Kim has worked on a variety of projects, ranging from small business planning to implementing and upgrading technology.  Most recently, she worked at American Indian Community Development Corporation in community development. Kim has also taught college classes in small business, accounting and computers at American Indian OIC, Fond Du Lac College and LCO College. 

 

Kim has a B.S. in Business Management and Ethics from Crown College. She is currently a board member of the Minnesota American Indian Chamber of Commerce and the American Indian Policy Center.

In This Issue
Rani Engineering Receives Leadership Award
MEDA is CDFI certified
Board Spotlight
New Staff
Client News
About Town
Upcoming Events
Recent General Operating Contributors

  MEDA Updates

 

As of March 31, 355 entrepreneurs have made it their business to succeed with MEDA!   

____________

 

The McKnight Foundation recently awarded MEDA a two-year general operating grant of $75,000 per year.

 

"MEDA has a long history with McKnight," said Yvonne Cheung Ho, MEDA president & CEO. "In fact, McKnight granted MEDA the seed money necessary to start the MEDA Loan Program in 1995." McKnight also awarded MEDA funding in 2007.

 

"We are very grateful that they have once again agreed to support us with a two-year commitment," added Cheung Ho.

 

Client News

Hector Ruiz, owner of Cafe Ena and El Meson, recently opened  Indio Mexico Cuisine. Star Tribune's Rick Nelson recently listed it as one of the "Hot 5" new restaurants in the Twin Cities. The new bistro is located at 1221 W. Lake Street in Minneapolis

 
About Town
 
MEDA president & CEO, Yvonne Cheung Ho will join women of color leaders throughout the Twin Cities participating in the College of St. Catherine's program Women of Color Leaders: Power and Possibilities on Wednesday, April 30.
 
She will lead a "table talk" conversation on leadership best practices and how to overcome barriers.
 
Olympian and Hall of Famer, Lynette Woodward, will keynote.
 
For more information, visit www.stkate.edu/leadership.
 
Upcoming Events
visit www.meda.net for event details
 
April 29 
8 a.m - 3 p.m.

PTAC Training: SADBOC Government Procurement Fair

Annual procurement conference
 
May 6
10 a.m. - 12 p.m.

PTAC Training: Selling to the Government

Presentation by John Kilian, PTAC Southern MN Area Manager
 
May 22
10 a.m. - 12 p.m.

PTAC Training: Introduction to Government Contracting.

Presentation by Mark Cooper and Jamara Cheek, PTAC Metro Area Managers
 
June 10
11:30 a.m. - 1 p.m.

37th Annual Recognition Luncheon

Annual event to update the Twin Cities' business community on the accomplishments and successes of the past year, as well as honor outstanding clients, community supporters and volunteers.
 
June 26 

8 a.m - 3 p.m.

Minneapolis/St. Paul Business Journal's Minority Business Awards

 

2008 Recent 

General Operating Contributors
 
ADC Foundation

● Imation

● Doug & Willie Eden

   Family Fund

JWG Consulting

 
Individual Contributors
 

Douglas Eden

David Holleran

 

Save the Date: Annual Meeting - June 10, 2008

 

About MEDA

The Metropolitan Economic Development Association (MEDA) is a nonprofit organization that provides assistance to businesses owned and managed by entrepreneurs of color. MEDA's services are designed to establish long-term relationships that serve as catalysts to create successful businesses.

Vision
Economic parity for communities of color, driven by the entrepreneurial spirit
 
Mission
To help entrepreneurs of color achieve success in the free enterprise system.
 
Continued success in our mission will result in:
 
· Sustainable businesses that employ diverse work forces and create quality, living wage jobs
· Business owners who make positive contributions to their communities, become leaders and are
  considered role models