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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
National Endowment for the Humanities: National Digital Newspaper Program
The goal of the National Digital Newspaper Program is to crate a national digital resource of historically significant newspapers published between the years 1836 and 1922, from all of the States and its territories.
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
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