Grant for 2017

Amount
$500,000
Term
24 months
Minneapolis, MN—In recognition of winning the 2017 Bush Prize for Community Innovation, this grant will advance the organization's charitable mission

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LEDC Staff
Photographer: Wes Eisenhauer

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LEDC Staff
Photographer: Wes Eisenhauer

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LEDC Staff
Photographer: Wes Eisenhauer

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LEDC Staff
Photographer: Wes Eisenhauer

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LEDC Staff
Photographer: Wes Eisenhauer

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LEDC Staff
Photographer: Wes Eisenhauer

The Big Idea

Latino Economic Development Center (LEDC) embraces entrepreneurship as a driving force for social and economic equity for the Latinx community. A pioneer in building prosperity and capacity within ethnic communities, LEDC provides a holistic combination of support for businesses and entrepreneurs. More than 1,000 people have graduated from LEDC’s small business training classes, with a third going on to open businesses of their own. 

LEDC leaders developed their unique approach with Mercado Central, a thriving marketplace of 45 businesses in south Minneapolis. Today, collaborative business ventures, frequently organized as cooperatives, distinguish LEDC’s business model. LEDC recently helped organize several rural farm incubator and farmer-owned marketing cooperatives. LEDC also co-developed a community-owned, cooperative grocery store and commercial incubator kitchen in North Minneapolis, and, with Dayton’s Bluff Community Council, established the East Side Enterprise Center, an economic development hub that serves a multicultural array of individuals and entrepreneurs. 

LEDC’s successes serve as an inspiration and model for organizations throughout the region and nation that seek economic opportunity for underrepresented communities.

Latino Economic Development Center Grants