
EDFC
Economic Development & Financing Corporation
Ukiah, California, United States
About
Founded in 1995, EDFC is a non-governmental organisation based in Ukiah, United States working on community development.
EDFC is a 501(c)(3) not-for-profit organisation and certified Community Development Financial Institution (CDFI) based in Ukiah, California. It was formed in 1995 by the County of Mendocino and the incorporated cities of Willits, Ukiah, Point Arena and Fort Bragg to act as the lead agency for economic development in the county. EDFC provides alternative financing to local businesses that cannot access bank financing, through its loan programs including the Business Reinvestment Fund, and offers professional economic development services to local jurisdictions, such as economic research, feasibility studies, strategy implementation and partnership coordination. It serves Mendocino County and, according to its own statements, Lake and Sonoma counties, working with public and private partners to support economic growth in the Redwood Region. The organisation is funded by federal sources including the CDFI Fund, the Economic Development Administration and USDA Rural Development, along with local jurisdictions, grants and corporate and community foundation support.
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Business Reinvestment Fund
Community development · United States
Turns charitable gifts into flexible, revolving loans for local small businesses in Mendocino County, with repaid funds re-lent to new borrowers.
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Trust
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Community Development Financial Institution (CDFI)
Partnerships
California Association for Micro Enterprise Opportunity, Pacific Gas and Electric Company, Community Foundation of Mendocino County, Savings Bank of Mendocino County, Redwood Credit Union, AT&T, California Investment & Innovation Fund Program, Community Development Financial Institution Fund, Economic Development Administration, United States Department of Agriculture Rural Development
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Management & team (1)
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