MEDA, the Metropolitan Economic Development Association, has received a $500,000 grant to help build an online platform for minority-owned businesses that it’s creating.
The grant comes from the W.K. Kellogg Foundation, which is based in Battle Creek, Mich.
MEDA is developing an online platform for a program it’s calling Catalyst, a partnership between MEDA and the following Twin Cities minority business-development groups:
The online platform related to Catalyst will let all the groups access the same training, online financing, intake assessment and referral system for entrepreneurs who want help.
Gary Cunningham, president and CEO of MEDA, said the W.K. Kellogg Foundation grant allows MEDA to expand the online system beyond Minnesota and into two other cities in the United States. Cunningham said MEDA has not yet chosen those cities.
“It’s really an honor,” he said. “It validates our work that we’re doing.”
The W.K. Kellogg Foundation was founded by Will Keith Kellogg. He also founded Battle Creek-based Kellogg Co. (NYSE: K), maker of products such as Corn Flakes, Frosted Flakes and Rice Krispies.
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