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Economic and Community Development Institute (ECDI)
Columbus OHCDFI Awards for Economic and Community Development Institute (ECDI)
FA (2008) - $481,299
Economic and Community Development Institute (ECDI) is a nonprofit loan fund in operation since 2004. ECDI is a Certified CDFI serving central Ohio, primarily the City of Columbus and Franklin County. It provides microloans to low-income persons, primarily refugees and immigrants. ECDI will use the FY08 Financial Assistance award of $406,000 to expand its operations across central Ohio, improve its financial management capacity, and provide enhanced development services to the target market. The FY08 Technical Assistance grant of $75,299 will support personnel salary, fringe benefits, professional services, and equipment to build capacity in order to expand services to its target market.
TA (2005) - $47,000
ECDI will use the $47,000 technical assistance grant to obtain consulting services to (1) perform an assessment of the new market; and (2) develop an integrated database that will enable ECDI to improve its management of its operational and programmatic activities. The remaining technical assistance funds will be used to develop new outreach materials.
Other Community Development Financial Institutions in Ohio
ACEnet Ventures
Athens
AHC Community Development, LLC
Cleveland
Appalachian Development Federal Credit Union
Nelsonville
ASB Community Development Corp
Portsmouth
Cincinnati Development Fund
Cincinnati
Cincinnati New Markets Fund, LLC
Cincinnati
Columbus Compact Corporation
Columbus
Columbus Growth Fund, Inc., The
Columbus
Enterprise Development Corporation
The Plains
National City New Market Fund, Inc.
Cleveland
Neighborhood Capital Corporation
Cleveland
Shorebank Enterprise Group
Cleveland
ShoreBridge Capital
Cleveland
Uptown Consortium, Inc.
Cincinnati
Village Capital Corporation
Cleveland
Featured Government Grant Resources
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
