Facing the Challenges of 2020
In 2020, the double pandemics of COVID-19 and systemic racism came to our front door. The 3rd Precinct police station, located in our service area, was the epicenter of protest and civil unrest following the murder of George Floyd by Minneapolis police. Large swaths of our business corridors, especially along Lake Street, were damaged and destroyed. This was compounded by the strain many businesses were already experiencing in the midst of the global pandemic.
Redesign knew that we had to respond to our community’s needs using the tools at our disposal: real estate and small business support. Since 2020, Redesign has expanded our small business support services, invested in major rebuilding efforts that prioritize BIPOC property ownership, and is working to implement new models of economic justice.
Today and Beyond
Today, Redesign owns and manages 105,000 square feet of commercial and industrial space over nine properties, providing an affordable home to 45 small business and community nonprofit tenants and supporting over 300 jobs.
In the last ten years alone, we have also developed and preserved 776 units of affordable housing and are currently working to complete a new project that will provide 39 now affordable housing units to large families.
We have advised and deeply partnered with six first-time developers of color to support them in harnessing the wealth-building potential of real estate.
Each year, we provide over 700 hours of one-on-one tailored service to 100+ small businesses in our community. We support 20 entrepreneurs each year in finding a home for their business in Greater Longfellow. We also offer low-interest and profit-based loans to small businesses and partner with the City of Minneapolis to provide grants to improve their storefronts.
As we move forward, Redesign remains dedicated to fostering a vibrant, equitable, and sustainable community, ensuring our neighborhood continues to to thrive for generations to come.