"NAF is excited to partner with NEON as it provides opportunities for entrepreneurs in north Minneapolis to grow their businesses."

Lu Hang, Loan Officer/Financial Specialist, Nonprofits Assistance Fund

The Northside Economic Opportunity Network (NEON) works to advance the efforts of low- to moderate-income entrepreneurs in north Minneapolis. It is a community-based organization committed to business development and helping north Minneapolis residents invest in their careers, companies, and community. NEON provides what it takes to create long-term entrepreneurial success, including entrepreneur promotion and training, lending assistance, small business feasibility assessments, and technical assistance and business consulting, as well as a co-working office and business services. Since it began in 2006, NEON has provided entrepreneur training and assistance to more than 1000 entrepreneurs and helped establish or expand 60 businesses in north Minneapolis.

NEON received a grant about 2 years ago to start a business incubator social enterprise. The business incubator is a space for small business owners, entrepreneurs, and consultants to come together and work, network, collaborate, and grow their businesses. Because of the business incubator’s success and the increasing demands for collaborative workspaces, NEON is expanding the incubator by leasing an additional 2800 square feet of space. NAF is honored to provide a loan for leasehold improvements to NEON as it continues to support business development in north Minneapolis.