The MicroEnterprise Development (MED) program assists entrepreneurs with financing, one-on-one counseling, technical assistance, and training.
- Debt in the form of loans or murabhahas (an Islamic-compliant debt product that does not charge interest rates)
- Financing ranges from $500 to $50,000
- Flexible loan terms (time period to repay the debt) up to 5 years
- Reasonable interest rates
- Refugees, asylees, immigrants or low to moderate income individuals
- For-profit business located in the Denver Metro area
- Funds used to start, grow or acquire business
- Pledged collateral
The MED program is supported through the generosity of the Office of Refugee Resettlement (ORR), the Small Business Administration (SBA), The Denver Foundation, and other local foundations and grant makers.
Programs & Partnerships:
CEDS partners with other organizations in the community to ensure we are providing the greatest local impact to entrepreneurs. Below are a list of programs that CEDS offers to entrepreneurs. Contact CEDS for information, including eligibility criteria, for any of the programs listed below.
- The Acadia Project (TAP): Supports refugee and immigrant artists in Aurora to build their creative businesses to market and sell their works. This program is open to artists working in the visual arts, culinary fields, makers and other creative endeavors. If selected, artists will receive free mentoring, marketing and portfolio workshops, access to financing, display space and help presenting their work to American buyers; and the majority of program activities will be located along the Colfax Corridor.
- Aurora International Impact Fund (AIIF): Immigrants and refugees in Aurora will have access to training, funding and guidance to launch their own small businesses through a first-of-its-kind collaboration between CEDS, the Community College of Aurora, and the City of Aurora’s Office of International and Immigrant Affairs. CEDS created the AIIF to provide financing to CCA’s Incubator entrepreneurs. The AIIF is slated to provide 38 loans to 19 entrepreneurs for a total minimum injection of $95,000 investment capital. Entrepreneurs will receive two loans, as needed, at various growth points to ensure capital is strategically deployed.