Washington County Council on Economic Development

Washington PA


The Washington County Council on Economic Development(WCCED) is a nonprofit corporation based in Washington, Pennsylvania that provides loans and technical assistance for business expansion and startup primarily in Washington, Fayette, and Greene Counties in Pennsylvania, as well as in Preston and Monongalia Counties in West Virginia. Through its nine loan funds, the organization reports lending over $3.8 million to 138 companies. Its primary loan products include the provision of business start-up capital of up to $25,000 and the provision of business gap financing of up to $100,000.

CDFI Awards for Washington County Council on Economic Development


CORE (2000) - $500,000

The CDFI Fund"s $500,000 capital grant will provide captial to help WCCED expand its lending to small businesses that create needed jobs in the organization"s target market. In particular, WCCED"s seeks to increase its provision of gap financing to businesses that demonstrate a potential for job creation in the organization"s distressed investment area and are willing to provide jobs to public assistance recipients and other low-income residents.



SECA (1998) - $42,500

The CDFI Fund"s grant award will assist the organization to evaluate and implement a systematic approach to its personnel, financial, and information management and allow the organization to update its marketing materials and strategies.



CORE (1997) - $250,000

The $250,000 grant from the CDFI Fund will be used to provide gap financing to small and emerging technology businesses.



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