Christopher Gil
Associate Director of Marketing and Communications
Mission Economic Development Agency (MEDA)
(415) 282-3334 ext. 152
cgil@medasf.org
FOR IMMEDIATE RELEASE
May 13, 2021
MEDA Announces Release of its 2020 Impact Report
Showcases the nonprofit’s pivot to combat the disproportionate effect of the pandemic on the Latino and immigrant community of San Francisco’s Mission District
SAN FRANCISCO — The Mission Economic Development Agency (MEDA) has released its 2020 Impact Report. This 20-page report details the impactful work done by the organization during the 2020 COVID-19 pandemic. The story is told via MEDA’s five values of equity, activation, audacity, togetherness and impact, and ties to the nonprofit’s annual theme of “Juntos, Adelante,” which translates as “Together, Moving Forward.”
“Despite a year of unprecedented challenges, 2020 will be remembered as a time when we joined together to keep our community moving forward through a global crisis,” said MEDA Chief Executive Officer Luis Granados. “Our organization was uniquely prepared to meet the moment, as we had built trust and the infrastructure needed to tackle urgent issues in our community, from housing and jobs to small businesses and education.”
The 2020 Impact Report is punctuated by data that showcases MEDA’s impact during the crisis. Some highlights include:
- 19,917 client sessions (for 8,255 community members)
- 5,622 community members assisted with financial products
- $5.63M in small business loans disbursed
- $4.3M in federal PPP loans garnered for small businesses, with MEDA’s assistance
- 2,072 masks and sanitizers, plus 1,036 face shields, allocated during PPE distribution days for Mission small businesses
- $686,000 in Right to Recover funds disbursed so COVID-positive community members who were frontline essential workers could quarantine at home
- 270 affordable housing units completed (2060 Folsom and 1990 Folsom)
- 130 affordable housing units started construction (681 Florida)
At the end of 2020, MEDA had an annual budget of $16.1M. The organization is scaling the sharing of its model across the land. The desired result is that ”nationwide, organizations rooted in historically underserved communities are equipped to ensure that families, workers and small businesses thrive.”
You can read the online version of MEDA’s 2020 Impact Report online.
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About Mission Economic Development Agency (MEDA)
Rooted in San Francisco’s Mission District, MEDA is advancing a national equity movement by building Latino prosperity, community ownership and civic power. We envision generations of Latino families choosing where to call home, thriving economically, succeeding in learning opportunities, and leading policy and social change toward a more equitable society.
medasf.org
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