North Mpls Nonprofit Gets $200K Grant from DEED
The Northside Economic Opportunity Network (NEON), a North Minneapolis nonprofit, has received a $200,000 grant from the Minnesota Department of Employment and Economic Development (DEED) to provide counseling and economic development services to businesses in the area.
The grant is part of a commitment that Governor Mark Dayton made in March to encourage business and job growth in a part of the Twin Cities that has struggled with issues of poverty and chronic unemployment.
Under the initiative, NEON, a collaborative that specializes in entrepreneurial training, will provide a variety of services to neighborhood businesses and entrepreneurs, including counseling, business planning and marketing, access to capital, cash-flow management, and start-up assistance. The services will be offered free of cost to clients for a one-year period beginning July 1.
Neighborhoods that will be eligible for services under the initiative are Harrison, Sumner-Glenwood, Near North, Willard-Hay, Jordan, Hawthorne, Cleveland, Folwell, McKinley, Victory, Weber-Camdem, Shingle Creek, and Lind-Bohanon.
Formed in 2005, NEON's mission is to create thriving businesses along West Broadway and other Northside commercial corridors. The nonprofit draws on the talents of partner organizations, including the Metropolitan Economic Development Agency, the Minnesota Black Chamber of Commerce, and the Neighborhood Development Center.