Neighborhood Development Center

$25,000 Awardee – Community Impact

St. Paul, Minnesota-based Neighborhood Development Center (NDC) is the recipient of the Community Impact award for achieving a high volume of community impact, tracking and analyzing this impact, and using the information to improve its programs. NDC seeks to empower emerging entrepreneurs with business knowledge and access to opportunity to develop businesses that allow them to move out of poverty, become self-sufficient, and develop and transform their own neighborhoods. In 2009 and 2010, NDC provided services to more than 1,700 individuals. A recent evaluation of its programs found that during that time: NDC-trained entrepreneurs started 80 new businesses and created 250 new jobs; 56% of NDC–assisted businesses reported increasing revenues by an average of $120,000 a year, up from $48,000 a year in 2007; 41% of NDC-assisted businesses now occupy a building that was formerly vacant, up from 32% in 2007; NDC—assisted businesses now return more than $68 million annually—in the form of rents, taxes, and other businesses expenses—to the Twin Cities up from $29 million in 2007.

Year: 
2011
Weight: 
-7