ADX Labs donates $40,000 to looted Minneapolis businesses

ADX's Steve Renner and Longfellow Business Association's Kim Jakus meet to discuss rebuilding Minneapolis small businesses in June 2020.

MINNEAPOLIS, June 12, 2020 (GLOBE NEWSWIRE) - ADX Labs Inc. has provided an urgently needed grant of $40,000 to the Longfellow Business Association, to aid local small businesses to recover from looting damage. The donation was made by ADX Labs’ charitable arm, the ADX Foundation.

Steven M. Renner, founder and CEO of ADX Labs Inc. and chairman of the ADX Foundation said, “The tragic death of George Floyd in police custody resulted in peaceful protests but also extensive looting and truly terrible property damage. Here in Minneapolis, the Longfellow neighborhood has been particularly hard hit. This vibrant and diverse neighborhood has largely been reduced to rubble, and residents are experiencing great difficulties sourcing food and services from the many small business owners who have seen their premises destroyed. The ADX Foundation immediately stepped up to provide a grant to the Longfellow Business Association, which has pledged that every dollar will be utilized helping local small businesses get back on their feet, so their community can thrive again.”

The Longfellow Business Association’s Executive Director Kim Jakus said, “Our Association has been serving neighborhood businesses and non-profits for the last 25 years. Over the last week, around 50 of our Longfellow businesses and non-profits were looted and damaged in the wake of the violent death of George Floyd. ADX’s grant will allow us to give direct grants to businesses in Longfellow to help cover insurance deductibles, repairs, relocations and eventually help with equitable rebuilding."

Korboi “KB” Balla, owner of fire-damaged Scores Sports Bar said, “There are a lot of unknowns right now, but the community is what gives me hope to reopen.” Mr. Balla said that when businesses were burned down, “people came from far and wide to help clean up, and it's unreal how much the community has come together."

John Flomer, co-owner of local restaurant Midori Floating World Café, which was also looted and destroyed said that many residents' main concern is losing the community they love so much. “It’s all small businesses here, and we feel like we’re bleeding in the streets and waiting for the medics,” said Mr. Flomer.

Mr. Renner concluded, “ADX Labs Inc. is committed to supporting an inclusive, diverse and thriving Twin Cities. Coming during the coronavirus pandemic, the devastation of Longfellow’s businesses has resulted in yet more unemployment, and we hope local businesses can rehire all employees. We call on other Minneapolis businesses to donate.”

Learn more about Longfellow Business Association at www.longfellowbusinessassociation.org

Media enquiries: Simon Cousins, scousins@adxnet.com

About ADX Labs, Inc.
ADX Labs Inc. (ADX) is a Minneapolis-founded and headquartered technology company focused on providing innovative products and services for individuals, home-based businesses, and the small to medium enterprise (SME) market. ADX independently funds the ADX Foundation, a registered non-profit philanthropic organization which has invested in children, communities, and social justice since 2013. Learn more at http://adxlabs.com"

Selected Media Coverage

The Movement Starts Here

Small businesses are an integral part of our communities and
providing solutions for growth isn't just good for business, it's good for the world.Learn More