Mendocino Wool & Fiber Update

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[…]

Ukiah Sharespace is now open!

  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[…]