General Information (AEDC)Mission: The Mission of the African Economic Development Center (AEDC) is to grow businesses, build wealth and increase reinvestment in the African communities of Colorado.
Our Work: Through workshops and consultations on financial literacy, business development, and home ownership, AEDC provides culturally responsive services to Colorado’s African community. AEDC is dedicated to the economic empowerment and success of African immigrants. According to a 2014 - 2017 Migration Policy Institute report, Colorado is home to over 35,000 African immigrants and refugees, many of whom face language, cultural, and religious barriers. ADC actively works to reduce these barriers and create a path for African immigrants to achieve financial success.
History: The African Economic Development Center (AEDC), is a registered tax exempt 501(c)3 non-profit organization which is housed under the African Chamber of Commerce Colorado. Colorado like the nation, is struggling to deal with the economic pressures and opportunities of immigration. AEDC’s role in this big picture is to create answers on the opportunity side. Studies showing that increasing the rates of self-employment and homeownership among new immigrants contributes to the revitalization of neglected neighborhoods and links mainstream businesses with the state’s estimated $4 billion ethnic economy. In an era of budget cuts at every level of government, mainstream community development corporations lack the funds to expand their services to meet the complex needs of African immigrants. They also lack the motivation to seek out non-traditional clients: Colorado’s down-payment assistance funds already cannot keep up with existing demand. AEDC was created to fill these gaps, both in providing services and building capacity with our high working dedicated team.