There’s more than one way to finance a business. Join us for this unique opportunity to: Hear how successful business owners have funded their businesses. Learn from experts how to successfully navigate the lending process Network with lenders and business owners at the monthly Coast and Ukiah chamber mixers following the event Tickets: $10 in[…]
The Economic Development and Financing Corporation will start the new year with a new Executive Director. Heather Gurewitz will lead the organization as it continues its mission to “Connect money and ideas with entrepreneurs to create sustainable prosperity in Lake & Mendocino Counties”. “I’m really excited about the opportunity to help grow our economy and[…]
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[…]
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[…]
An innovative new way to move your money into Mendocino and invest in social entrepreneurs for a sustainable future.