Investments
Nexus Community Partners
Incorporated in 2010, Nexus Community Partners (Nexus) is a nonprofit organization that operates at the intersection of community building and economic development for communities of color, focusing on the historically African American neighborhoods of North Minneapolis, where Nexus is located. Through its community wealth-building programs, Nexus focuses on cooperative development, which helps residents build greater individual and collective wealth. While its first cohorts were in-person and focused on serving those in the Twin Cities, its recent virtual cohorts have included local and national Black-led cooperative founders. Nexus now collaborates with other cooperative and community wealth-building programs nationwide. In 2024, Nexus continued to build its reputation as a valued partner for shifting capital, power, and ownership to cultural communities under threat. The City of Saint Paul recently chose Nexus as its partner for launching the LOCAL Fund, pioneering a $2.5 million initiative to strengthen worker and real estate investment cooperatives. Nexus Community Partners continues to innovate and lead in the field of community wealth-building, with the North Star Black Cooperative Fellowship as an important entry point for early-stage cooperatives. AmbitioUS provided $50,000 in continued support to Nexus for its North Star Black Cooperative Fellowship and its Fellowship Alumni Fund.
Category
Trailblazer
Website
Year
2024
Investment
Grant
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