MEDAlogo (no white) E-Connect
Metropolitan Economic Development Association
"helping entrepreneurs of color succeed" 
 

                                                                  your monthly connection to everything MEDA!

August 1, 2008 | Volume 2.4
www.meda.net
 
MEDA Helps Start 10 
New Businesses!

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MEDA helped 10 more entrepreneurs of color start businesses so far this year. These new business now have the opportunity to create a stronger local economy and an improved Twin Cities community.
 
Along with our many other services, the impact of MEDA is felt through the incredible return to the community our clients produce in terms of new and retained jobs, employment for communities of color and contributions to our tax base.   We admire the courage and persistence of our clients and hope to serve more determined entrepreneurs of color!
 
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THANK YOU to those who have joined this entrepreneurial community through your financial and volunteer support.
Meda Client Martha Burns Opens Up Second Swim School Martha Burns
Martha Burns has been teaching swimming lessons since 1971. In 2000 Martha came to MEDA and we helped her take the business from the backyard swimming pool to a location in Hopkins, MN. In 2008 Martha wanted to start a second location and again MEDA helped her secure the loans necessary. Martha has the entrepreneurial spirit and shows it by providing a service in a unique way that her customers really love. With her great style of business and a tremendous word of mouth marketing, Martha has been able to grow to a second location and is already ahead of projections for the new school.
 
They really focus on the kids. She teaches them the real skills on how to swim and I refer all my friends to her - Jodie Rankin, customer 
 
This is one example of the many MEDA services we provide to help entrepreneurs of color succeed. With the cooperation and support of our financing partner, Wells Fargo, we were able to secure the capital Martha needed.
 
"It's gratifying to see someone's passion become a business reality", said Scott Ochsner, MEDA Loan Program Manager.
 
"I have so much gratitude to MEDA for believing in me and my project from the first day I walked in," Said Martha.
 
The new Martha Burns Swimming School is at 5145 Highway 101, Suite #1050, Medina, MN.
 
Board SpotlightAlNuness
Al Nuness  
Vice President, Sports Sales, Jostens.

Al joined the board over a year and a half ago after personally knowing people who work at
MEDA and MEDA clients. He believes being a board member gives him the opportunity to serve the minority community. "People recognize and appreciate what MEDA is doing for minorities and the community at large".
 
"MEDA is a credible organization that has been around a long time and has helped many entrepreneurs of color. They are always ready to lead you in the right direction and get you the answers you need." Al continued, "It is important for people to be involved with MEDA to take advantage of the network of resources they offer"
 
In almost his second full year as a board member, Al says it's been a real learning experience for him and he has been sitting back and listening to see how he can help. "MEDA has made me more conscious of the needs of the community and has kept minority businesses in the forefront of my mind", including at Jostens, where he is more aware of the opportunities for minority owned businesses to contribute.

"As a board member I would like to see MEDA accomplish its goals and I want to be a part of that in whatever capacity I can".
 
MEDA Welcomes Jamara Cheek  JamaraC
 
Jamara joined MEDA's PTAC program in May after an eight year career with the Metropolitan Council. She served in various disciplines while in the Office of Diversity and Equal Opportunity such as Affirmative Action in Recruitment, Equal Opportunity in Contracting, and Supplier/Staff Diversity. As a Disadvantaged Business Enterprise certification specialist, Jamara became intimately familiar with federal transportation regulations that govern much of the Council's contracting opportunities. Her rich background has strategically prepared her for the larger federal marketplace that makes up PTAC's domain.

Jamara was born in Minnesota and enjoys the beautiful landscape that surrounds our state. "Whenever I travel I'm always happy to return home to Minnesota. I love it here!" 

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
In This Issue
MEDA Helps Start 10 Businesses
MEDA Clients
Board Spotlight
New MEDA Staff
Upcoming Events
 
Updated 2008 Achievements
 
 
As of July 31, 461 entrepreneurs have made it their business to succeed with MEDA!

As of July 31 MEDA approved $742,000 in new loans and helped secure an additional $8.6 million in loans from area banks.  
 
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MEDA News
 
MEDA
employee Edgardo Rodriguez is reappointed to the Chicano Latino Affairs Council

The Chicano Latino Affairs Council, State of Minnesota announced the reappointment  of four members to the Council. In late June 2008, Governor Tim Pawlenty reappointed the following council members to represent the state's congressional districts and its Latino constituents: Nicholas Juarez, MN-04; Edgardo Rodriguez, MN-05, Maricruz Hill and Mario Santos Vargas.
 
Edgardo has been a business consultant at MEDA for almost 5 years. He is a certified public accountant with small business and corporate finance experience. He holds a bachelor of arts degree in business administration from the University of Puerto Rico. He is an Adjunct Professor at Saint Mary's University in the MBA program. Rodriguez is a member of the Hispanic Chamber of Commerce Advisory Board and currently serves as the treasurer of the Chicano Latino Affairs Council.
 
 
Upcoming Events
 
 
Become a Sponsor!
2008 MEDA Gala 

Hands08
 
Passage to India 
Saturday, November 15
 
 
PTAC 2008
Pursue Government Contracts 
 
North Central Regional Council Mon. & Tues. Aug. 18-19, Marriott Mpls City Center, Minneapolis, MN
 
Procurement and Resource Fair - Fortune Bay Casino Thurs., Aug. 21 - Tower, MN
 

 Executive Development Series

 Bill McLaughlin
 
Entrepreneurs of color are invited to hear Ken Powell, Chairman and CEO of General Mills, August 19, 2008.

 
General Operating Contributors Since our last E-Connect 

- Paul And Patricia Curran Foundation
- Lurie, Besikof, Lapidus & Company, LLP
- Hunt Electric

 
 
2008 Recent Corporate Gala Sponsors

- Target
- M&I Bank
- US Bank
- Best Buy
- General Mills
- Medtronic
- Wells Fargo
- Anchor Bank
- Carlson Companies
- City of Minneapolis   
  Empowerment Zone
- Western Bank
- Xcel Energy
- North Memorial Health Care
- Travelers
- Fastenal Company
- Jostens
- McGough Companies
- ADC Telecommunications
- C.H. Robinson
- Lurie, Besikof, Lapidus
& Co. LLP
- Merrill Lynch, Adams/ Kraemer Group
- Shared Ventures
- Tunheim Partners 
 
2008 Recent Minority Business Gala Sponsors
 
- EVS
- Painting by Nakasone
- Select Source
- TCC Distributors Inc.
- Thor Construction, Inc.
 
Individual
Contributors

 
- David Holleran
- Terrance Brown
- Richard Venegar
- Maria Seiler