MEDAlogo10                                                                                                                             
       

         E_Connect

  
                 helping entrepreneurs of color succeed!
 
  Metropolitan Economic Development Association

October 2008

 

 

masthead2

 

Congratulations!

To the CPP Award Recipients.

 

This year's Construction Partnering Program (CPP) Awards Reception was held on October 8th at the beautiful Medtronic Moundsview Campus. About 80 people (including Saint Paul Mayor Chris Coleman) participated in recognizing this year's construction achievements and the partnerships between majority owned companies and minority owned companies.

 

The goal of the Construction Partnering Program (CPP) is to partner developing women and firms of color with larger, established firms that can provide guidance, expertise and industry connections. The CPP provides partners with increased access and opportunities for learning, increased potential to bid on projects and jobs and opportunities to network throughout the construction industry.

This year's award winners are:

Outstanding Advocate Award:     Claudia Osterman 

Best Majority Partner:         Target Commercial Interiors
Best Minority Partner:         DelPrado Commercial Flooring

CPP Project of the Year:     Regions Hospital Expansion/

     /General Contractor:      Kraus-Anderson Construction
Best CPP Relationship:       Parsons Electric and MTec Electric

 

MEDA Board Spotlight 

Burt Fealing,

Vice President, Corporate Secretary and Chief Securities Counsel, SUPERVALU, Inc.

Burt Fealing joined the MEDA board in 2008 after learning about MEDA through another board member. He liked MEDA's strong reputation in business consulting and financing. He also felt MEDA's mission was congruent with his values and the values of SUPERVALU. "Diversity is an important component of our community. We have undertaken an initiative to expand diversity throughout our company and our suppliers."

In his first year Burt has already found MEDA more impressive than he first thought. "MEDA not only reaches out to so many people in the community, they also encourage clients to reach for a higher level of business and MEDA supplies the resources for clients to accomplish their goals." He also recognizes that MEDA's work increases business revenues and the impact that has on job creation, job retention and the tax base in tough economic times.

Burt expressed how MEDA has allowed him to give back to the community and encourages others to give back as well. He has been able to meet a broader community and now has a higher awareness of what he can do for the community.

In the future Burt would like to see MEDA expand its message so everyone is aware of the impact that MEDA has. Burt also envisions MEDA reaching out and creating relationships with other organizations. "MEDA should become a resource to the whole country," Burt added.

Burt ended by saying "MEDA actually helps more than just minority entrepreneurs and business owners. The whole community benefits from MEDA's work, the minority and majority community."

 

MEDA Recognizes Deb LaBonne 

Last year MEDA received a wonderful gift - the time and commitment from Deb LaBonne. Through a great program at General Mills Deb was able to join MEDA as a volunteer for 1 year. Deb has helped MEDA immensely improve our information technology and helped make internal workflow run smoother. Through her diligent research and implementation skills as well as her training expertise with MEDA staff we are now a more efficient and productive organization than before.

 

Deb's assignment at MEDA is almost complete and everyone here will miss her tremendously. "She really is a part of the staff and so she will leave a space that will be hard to fill," Gary Hobart says.

MEDA thanks Deb LaBonne for all of her expertise! Her wonderful personality and tremendous skills will be truly missed. 

MEDA Golf Invitational 

The long tradition of making connections on the golf course is part of the idea behind MEDA's 5th Annual Golf Invitational. This event helps introduce MEDA clients to new resources and to extend their networks.

 

The golf invitational was held at the fabulous Legends Golf Course in Prior Lake, MN and is sponsored by Fredrikson and Byron P.A. The weather surprised us with lightening and thunder but by afternoon it was sunny.

"Everyone was making great use of the day. It's wonderful to see everyone capitalizing on the opportunity to say hello to past acquaintances and also to meet new business associates," said MEDA consultant Kathleen Riopelle.

 

MEDA would like to thank all our wonderful sponsors that made this year's Golf Invitational so great.

 

Our major sponsor was Fredrikson and Byron P.A.

 

Target Commercial Interiors, Xcel Energy, Hunt Electric, Thor Construction and Parsons Electric also sponsored the event. Thank you!

Volume 2.6

 

 

Hands08

 

In This Issue

CPP Awards

Board Spotlight

MEDA Recognizes...

Golf Invitational

 

 

2008 Achievements Year To Date

 

 

523 entrepreneurs of color made it their business to succeed with MEDA.

 

MEDA approved $742,200 in new loans and helped secure an additional $9.4 million in loans from area banks.

 

MEDA helped start 17 new businesses that employ 77 people and have a projected first year revenue of $8.9 million.

 

 

 

MEDA News 

 



 

MEDA consultant Edgardo Rodriguez was recognized at the recent 30th anniversary of the Chicano Latino Affairs Council Dinner as a Latino making an impact in the community. 

 

 

Upcoming Events 


2008 MEDA Gala




 

Join us on November 15th for a wonderful night of food, dancing, entertainment, and a great auction. All to support MEDA and helping entrepreneurs of color succeed.


Featuring

 R Factor


Ragamala Dancers

 

Sitar Player &
Henna Artists

 

Presenting Sponsor

 

 Target LOGO

 

Become a MEDA Sponsor

 

------------------------


 2008 PTAC 
Training Series

helping all Minnesota businesses
 pursue government contracts 


October 28th - Treasure Island Resort and Casino
Minnesota Indian Business Conference and Showcase 2008, October 28-29,


November 6th -Bloomington

DoD and SBA Mentor - Protege Programs 

November 14th - Minneapolis
Selling to the Government: Advanced Successful Strategies 

 

November 19th - Minneapolis
ABC's of WBE Certification

November 20th - International Falls
Introduction to Government Contracting

 

Join Our Mailing List

 

Thank you to our long time Media Sponsor

 business logo

 

 

Metropolitan Economic Development Association (MEDA) | 250 2nd Avenue South | Suite 106 | Minneapolis | MN | 55401