African Economic Development Solutions
Saint Paul, MN
- UEI
- SFK9RMUHLB43
- CAGE
- 75B41
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- Other NAICS codes in SAM.gov
- SAM.gov registration date
- Physical address
- 678 Snelling Ave N, St Paul, MN 55104, USA
- Website
- aeds-mn.org
- Employees
- 1-10
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Diversified Financial Services
- Financial Services
- SIC code
- 61 Nondepository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
Grant subawards
| Prime recipient | Prime award | Amount | Awarded |
|---|---|---|---|
| Local Initiatives Support Corporation | SBAHQ22I0085 | $214,000 | |
| The Reinvestment Fund, Inc. | CLSS00000063345 | $200,000 |
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| African Development Center | Minneapolis, MN | — |
| Community Reinvestment Fund, Inc. | Minneapolis, MN | — |
| Propel Nonprofits | Minneapolis, MN | — |
| Latino Economic Development Center | Saint Paul, MN | 611430 Professional and Management Development Training |
| Neighborhood Development Center Inc. | Saint Paul, MN | 813410 Civic and Social Organizations |
About the company
African Economic Development Solutions is a Minneapolis-based nonprofit community development corporation registered with SAM.gov since June 2014 and classified as a tax-exempt corporate entity. The organization operates as a certified Community Development Financial Institution (CDFI) focused on promoting economic revitalization and community development, particularly serving the Twin Cities' diverse African immigrant communities, which represent the third-largest African immigrant population in the United States. Through its federal grant awards, African Economic Development Solutions provides financial products, financial services, development services, and technical assistance designed to build lending capacity and increase access to affordable capital for underserved and low-income populations.
African Economic Development Solutions has received nine prime federal grant awards since 2021, demonstrating sustained engagement across multiple federal programs and agencies. The organization has been a primary beneficiary of the Community Development Financial Institutions Fund, receiving multiple CDFI program grants including a $540,450 Rapid Response Program award (June 2021–December 2023) to support pandemic economic recovery, a $105,000 Small Dollar Loan Program grant (September 2021–December 2024) to establish loan loss reserves and provide alternative financing to unbanked and underbanked populations, and subsequent CDFI base financial assistance awards in February 2023 and September 2024 focused on building financial capacity to serve eligible markets through June 2027. The organization also received funding from the Small Business Administration's Microloan Program (July 2023–June 2024), the U.S. Department of Agriculture's Rural Business Cooperative Services for Rural Micro Assistance Grants (March 2023–March 2025), and the National Endowment for the Arts to support the Little Africa Festival (January 2023). Additionally, African Economic Development Solutions received a $214,000 sub-grant award (November 2023) from the Local Initiatives Support Corporation, the prime grantee of an SBA federal grant, to support hard costs for the substantial rehabilitation and development of Little Africa Plaza, a business support center and food hub serving the Twin Cities' African immigrant communities located at the organization's St. Paul headquarters.
Quick answers
Is African Economic Development Solutions registered in SAM.gov?
Yes. African Economic Development Solutions's SAM.gov registration is active through April 15, 2027.
What is African Economic Development Solutions's most recent federal award?
African Economic Development Solutions's most recent federal grant award is To support the voices of freedom exhibit in recognition of america's 250TH anniversary (19473135426), from National Endowment for the Arts, on January 1, 2026.
On GovTribe
See African Economic Development Solutions's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors