Media Contact

Debra Hurston| debra@abepmn.org|612-588- 7821

Company Profile

This project started in July 2016 when the community voted that a Black-led financial institution was imperative for the community to exit the tradition financial systems that benefit and profit from the pain of Black bodies. This idea came from the community and the Association for Black Economic Power (ABEP) was formed to carry out this work. We will be doing this together practicing UJIMA (collective work and responsibility)

Leadership Bios

A community development financial institution or community development finance institution - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations. Community development loan funds (CDLFs) provide financing and development services to businesses, organizations, cooperatives, and individuals in low-income communities. There are four main types of loan funds: microenterprise, small business, housing, and community service organizations.

Our History And Mission

Minneapolis has not only a housing shortage but a lack of ownership in housing specifically for Black folks and POCI. This ownership gap will only get wider if we do not create opportunities to practice Ujamaa (cooperative economics).