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Peoples Economic Development Corporation
Mount Vernon ILCDFI Awards for Peoples Economic Development Corporation
NMTC (2003) - $7,000,000
Peoples Economic Development Corporation (PEDC) will use its NMTC allocation to provide commercial-related loans to businesses in low-income communities located in its local service area. Loan products will include non-farm, non-residential real estate loans, construction and land development loans, and commercial/industrial loans. The NMTC allocation will enable PEDC to offer loans with interest rates and terms designed specifically for businesses located in low income areas of PEDC"s service area. Due to the economic distress of this area, local businesses have typically had to rely on various government programs to cover their capital needs. The NMTC allocation will allow PEDC to provide a higher level of funding to these businesses, without the restrictions and uncertainty of other funding.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Small Business Grants - Free or Low Cost Consulting for Your Small Business
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.
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.
