Saint Paul, MN

LATINO ECONOMIC DEVELOPMENT CENTER

EIN 51-0467167

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

Mission

To create economic opportunities and strengthen communities by supporting Latino and immigrant entrepreneurs and small business owners through access to capital, technical assistance, business development resources, and regenerative agriculture assistance for emerging farmers.

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

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About LATINO ECONOMIC DEVELOPMENT CENTER

The Latino Economic Development Center (LEDC) is a statewide, Latino-focused Community Development Financial Institution (CDFI) headquartered in Saint Paul, Minnesota. LEDC provides mission-driven lending, bilingual business development and technical assistance, training workshops, and regenerative agriculture support to help entrepreneurs start, grow, and sustain businesses. LEDC combines capital (small business and commercial lending), culturally grounded advisory services, and place-based initiatives (including Plaza del Sol and the East Side Enterprise Center) to build wealth and economic stability for Latino and immigrant communities across Minnesota. The organization also runs the Latino Scholarship Fund to support postsecondary opportunities for Latino students.

Notable achievements

Plaza del Sol: Food Hall & Incubator

Developed and advanced Plaza del Sol, a multi-level cultural marketplace and small-business incubator that includes a food hall, commissary kitchen, and event space to create affordable, culturally centered commercial space and support Latino food entrepreneurs.

Latino Scholarship Fund (expanded awards)

Re-established and expanded the Latino Scholarship Fund in recent cycles, awarding multiple scholarships (up to $5,000 each) to Latino students pursuing postsecondary education and pairing awards with mentorship and career supports.

Organizational financial scale (FY2024)

Demonstrated sustained growth and program scale in FY2024 with reported revenue of approximately $4.41 million, total assets exceeding $20 million, and program-focused spending that supported expanded lending and services across Greater Minnesota.

At a glance

Total assets: $20.0M
Annual revenue: $4.4M
Tax status: 501(c)(3)Public charity
EIN: 51-0467167
Location: Saint Paul, MN
Website: www.ledcmn.org
On Mahalo since: September 2026

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

Recognition

Certified Community Development Financial Institution (CDFI) and identified as the only Latino-focused CDFI serving Minnesota and the Upper Midwest.

Rated and profiled by national charity evaluators and data services; maintains a Charity Navigator profile and is registered as an active charity with the Minnesota Attorney General’s office.

Trusted partner of major regional funders and philanthropic organizations (including local foundations and banking partners), reflecting institutional funder support for LEDC’s lending and program work.

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