Alternative Financing
Working independently or in partnership with local lenders, the Regional Economic Development Center (REDC) helps complete small businesses and local projects by providing alternative financing, which in turn leads to job creation.
We serve new, growing, and challenged businesses. Whether you need to find a lending partner, finance an expansion, or need assistance with restructuring, REDC can help.
56%
of REDC loans were to startups
40%
of REDC loans were to women-owned businesses
19%
of REDC loans were to minority-owned businesses
Business Advising
REDC offers no-cost business advising to start-ups, growing companies, and aspiring entrepreneurs in business plan development, financial planning, and marketing and design planning.
We want to see all our clients succeed. Making sure they are equipped with the right tools to grow their business is how we make that happen.
Community
REDC recognizes strong economic growth is not the result of only lending to small businesses, but of supporting many needs of a community through resources and opportunities.
We are always growing programs to help strenthen our region and communities. Here are a few examples of that.
Resiliency
REDC created a Resiliency Plan for the region, which provides best management practices for businesses and municipalities designed to increase resiliency to short term and long term disruptions in the economy.
Comprehensive Economic Development Strategy (CEDS)
REDC develops a plan that outlines a region's economic development needs and goals. It emerges from a continuous planning process developed with a broad based and diverse community participation that addresses the economic potential of an area.
Brownfields
REDC has a loan fund that provides loans and sub-grants to support clean-up activities and re-development planning for sites contaminated with hazardous substances.
