MDC Funding: How Much Did They Raise & Key Investors

How Much Did MDC Raise?
Funding & Key Investors

MDC, a nonprofit organization based in Durham, N.C., has secured $350K in total funding, with its most recent capital infusion amounting to $350K. This major strategic investment underscores the organization's significant role in community development and its ongoing efforts to address systemic inequities.

What is MDC?

MDC

Organizations

Non-Profit & Charitable Organizations

Founded in 1967, MDC has evolved from assisting North Carolina's economic and social transition to a broader mission focused on increasing educational attainment, connecting individuals to sustainable employment, and providing the necessary resources for success. The organization leverages research, community organizing, program development, and incubation to foster economic development and remove barriers to opportunity. Its long-standing commitment is evident in its consistent publication of State of the South reports, highlighting critical issues in community advancement.

How much funding has MDC raised?

MDC has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in MDC

PPP

Public-Private Partnership

What's next for MDC?

With a history of strategic capital injections, MDC is well-positioned to continue its impactful work in fostering equitable growth and opportunity. The organization's focus on educational attainment and workforce development, supported by its extensive research and program incubation, suggests a strategic expansion of its initiatives. Future endeavors will likely concentrate on scaling successful programs and influencing policy to create lasting systemic change, further solidifying its role as a leader in community empowerment.

See full MDC company page

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