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The North Carolina Institute of Minority Economic Development

Written by Featured Organization on 11 August 2010.

The North Carolina Institute of Minority Economic Development is a statewide nonprofit organization representing the interest of underdeveloped and underutilized sectors of the state's economic base. The Institute's working philosophy is that--information and business development are critical to wealth creation and to building the asset base among low-wealth sectors of the population.

NCIMED

114 W. Parrish St.
Durham, NC 27701
Phone: (919) 956-8889
Fax: 
Email: cclemons@ncimed.com
Web: www.ncimed.com

"If the economic erosion of many rural and inner city urban communities continues unchecked, then increased crime, teenage pregnancy, substance abuse, unemployment and dependency will heighten. We must build businesses to create and retain jobs, and increase net worth in order to stop this erosion and create an environment of self-determination and independence."

Andrea Harris,
PRESIDENT
The Institute


About The Institute

 

 

The North Carolina Institute of Minority Economic Development is a statewide nonprofit organization representing the interest of underdeveloped and underutilized sectors of the state's economic base. The Institute's working philosophy is that--information and business development are critical to wealth creation and to building the asset base among low-wealth sectors of the population.

Balanced information affords the state and its communitities an opportunity to make responsive decisions. Information is key to sound public policies and private sector practices. It builds understanding and strengthens the quality of life for all citizens.

Business development initiatives are based within the three M's of Money, Markets and Management. The Institute's business development team (BDT) works to assist historically underutilized businesses in accessing affordable capital, expanded market opportunities, and stable internal management and control systems. Through direct one-on-one technical assistance and small group education and training, businesses are positioned for growth and expansion.

The Institute's work is grounded within the State's goal of achieving widely shared prosperity.


Mission

 

Our mission is to strengthen the asset base of limited resource populations as a means of building economically vibrant and socially responsible communities.


Vision

 

The vision of the Institute is to create an environment in which North Carolina's diverse population is considered a valuable asset and is engaged as a productive, contributing sector.


Strategy

 

By using a comprehensive, multidisciplinary, and interdependent strategy, the Institute strives to increase productive outcomes for groups with limited resources. The Institute's technical support, research, and information activities are structured to foster business, community, and educational/leadership development. These targeted initiatives are showing positive results across the state.

NCIMED has also engaged in policy research and analysis on the state of and emergent trends in North Carolina's low-wealth and minority communities. By closing that data and information gap and engendering discussion on the social and economic challenges confronting those communities, the Institute facilitates the formation of new and more effective partnerships, strategies, and citizen driven initiatives responsive to the needs of North Carolina's disadvantaged populations.


Areas of Focus

 

  • Imparting Knowledge

- Data and Information Initiative
- Dissemination
- Workshops, Forums and Symposia

  • Business Development

- Construction Initiative
- MBE Financing Initiative
- Specialized Mgt. and Technical Assistance Pgm. (MTAP)

  • Special Projects

- Minority Business Facade and Technical Assistance
- Biotechnology/HMU Partnership

 


On-going Commitment

 

Despite these advances, the economic gulf between North Carolina's majority and minority communities remains wide. Fueled by its mission to "build economically vibrant and socially responsible communities," the Institute is committed to closing this gap. As the only organization of its kind in the United States, the Institute has become not only a valuable resource for the state, but a true model for the nation.