How AEDS is transforming the African immigrant experience in Minnesota
Entering the African Economic Development Solutions’ (AEDS) office in St. Paul, Minnesota, visitors are instantly greeted with bright-colored, floor to ceiling banners displaying African pride and the work of AEDS.
Founded 10 years ago by Gene Gelgelu, president and CEO, AEDS supports wealth building in communities, with an African-centric focus. In its early years, AEDS provided wealth building through business planning and youth enrichment programs. Over the years, with the help of Nexus Community Partners and others, the work has expanded and evolved.
“We were able to start our loan program in 2013 with the help of Nexus and the grant we received. We have expanded the program so we are able to do micro-lending for businesses, financial literacy, and credit placemaking [in the Twin Cities-Metro area],” Gelgelu said.
Through the various programs, African Economic Development Solutions impact can be felt and seen economically, physically, and socially.
“Our biggest impact through the loan program is that we are helping start businesses that create jobs. From there, people are able to buy homes that are within their budget and that they own. We have our Little Africa festival, which creates space for people to connect to the African community [in Twin Cities] and helps in attracting and retaining talent in the region. All of this creates social capital, adding vibrancy and value to the area.”
When Gene first founded AEDS, it was not the large, vibrant office space it currently is. For the first couple years of the organization, Gene was sharing a desk with another organization and could only give himself part-time pay, though he was working far more than the standard, 40 hours a week.
“[W]hen I look back, I think about how many people have been impacted. We [African, immigrant communities] don’t get money for the planning stage like in certain communities…Nexus has supported us with funding during our planning stage and beyond. They’re not only our funders, but our friends. The [Nexus] team understands our community. They understand us because they have folks who lived through it or [who] step up to the challenge. They deeply care about what we do.”
The relationship between Nexus and AEDS dates back to 2010, when Nexus gave the organization a $10,000 capacity building grant to develop and strengthen their asset and wealth building programs. “We trusted Gene’s vision and his ability to address the needs of his community,” said Danielle Mkali, Nexus program officer. Over the years, Nexus provided funds to help AEDS communicate their story, attract additional resources and expand its programming. Today AEDS is a Community Development Financial Institution (CDFI), and in 2017, the organization received a $150,000 award from the Small Business Administration. “Gene is helping families build a legacy. It has been a pleasure to witness AEDS overcome barriers and watch the organization grow. We have learned so much from AEDS,” said Danielle.
Reflecting on next steps for AEDS, Gene wants to build out the lending program, expand benefits for existing staff, and strengthen organizational capacity; however, he also wants folks to remember how African communities are important to the Minnesotan fabric.
“We, our community, are an asset. We bring and have brought assets to this region…African immigrant communities are thriving in this region.”
Written by Nichelle Brunner
“Our biggest impact through the loan program is that we are helping start businesses that create jobs. From there, people are able to buy homes that are within their budget and that they own. We have our