Profile: The North Carolina Institute of Minority Economic Development

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 communities 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.