City Clerk’s Office

350 S. 5th St., Room 304
Minneapolis, MN 55415

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Phone: (612) 673-2216

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City Boards and Commissions

Economic Development Company, Minneapolis (MEDC), A non-profit Minnesota Corporation

Certified by the U.S. Small Business Administration to originate, close and service SBA 504 loans

Meeting Schedule

Board meets the second Tuesday of every month, quarterly meetings in March, June, and September, and an Annual Meeting in December

Number of Members

Membership – 27, Board of Directors – 10 (elected by the membership)

Appointment Process

The Bylaws and the SBA regulations stipulate that members must come from four different groups – Business Organizations (7-13), Lenders (7-8), Community Organizations (4-12), Government (3-4). Members are elected by the Board of Directors based on their relationship to the small business community and their ability to bring loans to the organization.

Term of Appointment

Members terms are for three years, Board members are elected annually

Compensation

None

Residency Requirement

Must live or do business in Hennepin County

Department

Community Planning & Economic Development

Contact: 612-673-5070

Last updated Sep 14, 2015

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Accessibility:
For reasonable accommodations or alternative formats, contact 311.
People who are deaf or hard of hearing can use a relay service to call 311 at 612-673-3000.
TTY users can call 612-673-2157 or 612-673-2626.

Para asistencia 612-673-2700, Yog xav tau kev pab, hu 612-637-2800, Hadii aad Caawimaad u baahantahay 612-673-3500. 

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