Saint Paul, MN

ASIAN ECONOMIC DEVELOPMENT ASSOCIATION

EIN 41-1911474

Community & Economic Development Small Business & Entrepreneurship AAPI communities Low-income

Mission

AEDA's mission is to increase economic opportunities for Asian Americans.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

About ASIAN ECONOMIC DEVELOPMENT ASSOCIATION

Asian Economic Development Association (AEDA) is a Saint Paul–based 501(c)(3) nonprofit focused on expanding economic opportunity for low-income Asian Americans in the Minneapolis–Saint Paul region. The organization delivers in-language small-business counseling, financial education and credit-building, a revolving loan fund, creative placemaking, and policy advocacy to increase business ownership and household economic stability.

In the last 2–3 years AEDA has continued to manage and grow the Little Mekong Business & Cultural District and the Little Mekong Night Market, expanded asset-building and loan activities through state grant support, and maintained active program delivery to Asian immigrant entrepreneurs and artists in the Twin Cities.

Notable achievements

Little Mekong Business & Cultural District

Founded and continues to manage the Little Mekong Asian Business & Cultural District and its annual Little Mekong Night Market, using cultural placemaking to spotlight Asian-owned small businesses, artists, and cultural activities in Saint Paul.

Secured state grant support for asset-building

Received legislative appropriations and state grant allocations beginning in 2023 (with subsequent legislative actions through 2024–2025) including a $500,000 allocation to expand asset-building and financial capability programs, enabling scaling of loan and credit-building services.

Sustained financial scale and lending activity

Operates a revolving loan fund and delivers in-language business technical assistance and financial education; reported roughly $1.0–1.1M in annual revenue and over $2M in net assets on its most recent fiscal-year Form 990 (fiscal 2024), reflecting continued program operations and financial stewardship.

At a glance

Total assets: $2.3M
Annual revenue: $1.1M
Tax status: 501(c)(3)Public charity
EIN: 41-1911474
Location: Saint Paul, MN
Website: aeda-mn.org
On Mahalo since: May 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Recipient of state legislative appropriations and recognized in Minnesota legislative actions (2023–2025) for its asset-building and small-business work.

Event and arts funding support for Little Mekong activities from regional arts and local cultural revitalization programs, supporting the Night Market and public cultural placemaking.

Active nonprofit filer listed in national nonprofit databases and public Form 990 repositories, demonstrating transparency in annual filings through 2024.

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