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.
The great internet debate continues.