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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 Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Getting Money to Start a New Business
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be...
Social Entrepreneurship
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When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
