Connecting money & ideas with entrepreneurs to create sustainable prosperity
Introducing our Local Social Impact Investment Fund
Update: As of February 9, 2016 our Direct Public Offering is now closed!
Our Direct Public Offering
Our Direct Public Offering provides a unique opportunity to move your money off of Wall Street and onto Main Street, and invest in social entrepreneurs who value people, profit and our planet. This is a chance to build a more engaged community, create better jobs, smarter growth, and a legacy for future generations. If you share this vision, we want to know you.
$259,000 from 76 Individual Investors
$92,000 from 11 Businesses, Organizations & Associations
Total Raised: $351,000
Minimum Goal: $250,000. Funding required for Wool Mill to be fully operational: $350,000
EDFC Poised for Growth as It Searches for New Executive Director by Elizabeth Archer The Economic Development and Financing Corporation (EDFC) is a financial and economic development driver for Lake and Mendocino Counties, and now more than ever is a household name with a positive reputation in the community. The increased impact generated over the[…]
Hey! Got some ideas you’d like to kick around with other folks and see what comes out? Bring a friend and come out to the new Ukiah ShareSpace for the revival of Mendo IdeaShare. New projects and collaborations could happen! There’ll even be food and drinks. See you on Tuesday Nov. 15th, 6 – 8[…]
The Direct Public Offering (DPO) closed in February this year with $354,000 from 88 investors. Originally the offering gave EDFC two years (two grant cycles) to apply for funds to help buy down EDFC’s traditional lending rate (9.5%) to 5% and set aside a very large loan-loss reserve. EDFC’s board of directors felt that momentum would[…]
The North Bay’s newest entrepreneur hub is officially open. In partnership with The Center, a non-profit shared facility, EDFC has launched the Ukiah Sharespace. This project has been several years in development and is an important tool in developing micro enterprise and overcoming broadband challenges in a rural community. The convenient downtown location allows[…]