Annual
Meeting 2022
Our Goal
MEDA’s mission of “Helping BIPOC Entrepreneurs succeed” is as relevant today as it was at our founding 51 years ago — perhaps even more so. Our goal is to scale our solutions to the size of a problem. Through the scaled delivery of business consulting, commercial lending, and contract matchmaking, MEDA is building a more just, fairer economy that works for all.
A Year of Change
A message from
Alfredo Martel and
Craig Veurink
2021 At A Glance
702
Number of Clients Served
1,632
Jobs Created or Retained
$24.2M
Total Financing Secured
$50.3M
TOTAL CONTRACTS WON BY CLIENTS
3
Mergers and Aquisitions
2021 Award Winners
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Entrepreneur of the Year
Rick Harris
Ideal Commercial
Interiors
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Innovative Entrepreneur of the Year
Frank Brown
Minuteman Press
Uptown
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Community Builder of the Year
Ikraan Abdulle, Faiso Abdulle, Murwo Elmi, Farhia Abdulahi
OurPlace Residential Services LLC
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Resilient Entrepreneur of the Year
Lucilla Davila
Alma Flor Ada Spanish Immersion Early Learning Academy
The MEDA Million Dollar Challenge
MEDA hosted the Third Meda Million Dollar Challenge in 2021, where more than 200 businesses across the country applied to participate in the challenge. MEDA’s team of experts selected twelve finalists to participate in the Bootcamp for Successful Pitches, who then pitched them to MEDA’s panel of judges.
