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[…]
We are currently exploring the development of a co-work space in downtown Ukiah as a hub for entrepreneurs & ideas.