COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC
965 MAIN STREET, MERIDEN, CT 06450 www.cedf.com

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Organizations Filed Purposes: TO STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING AND TECHNICAL SUPPORT TO BUSINESSES, COMMUNITY ORGANIZATIONS AND INITIATIVES IN COMMUNITIES THROUGHOUT CONNECTICUT. WE HELP TO STABILIZE AND GROW SMALL BUSINESSES SO INDIVIDUALS CAN REALIZE THEIR DREAMS, FAMILIES CAN CELEBRATE INCREASED FINANCIAL INDEPENDENCE, AND COMMUNITIES CAN PROSPER. COMMUNITY ECONOMIC DEVELOPMENT FUND (CEDF) WAS CREATED IN 1994 TO REVITALIZE DISTRESSED NEIGHBORHOODS IN LOW TO MODERATE INCOME COMMUNITIES THROUGHOUT CONNECTICUT BY IMPROVING THE BUSINESS AND COMMUNITY ECONOMIC CONDITIONS. WE HELP SMALL BUSINESSES STABILIZE AND GROW: WE PROVIDE ACCESS TO CAPITAL TO START UP, EXISTING BUSINESSES, AND COMMUNITY ORGANIZATIONS WHO CANNOT OBTAIN FINANCING ELSEWHERE AND WE OFFER EDUCATIONAL WORKSHOPS, BUSINESS ADVISORY SERVICES, AND OTHER RESOURCES NECESSARY TO ENSURE BUSINESSES ARE SUCCESSFUL.

STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING/ TECHNICAL SUPPORT TO BUSINESSES IN LOW TO MODERATE INCOME COMMUNITIES OR WITH LOW TO MODERATE INCOME HOUSEHOLDS.

AS A MISSION LENDER, OUR CUSTOMERS CONSIST SOLELY OF EXISTING AND START-UP SMALL BUSINESSES IN ONE OF CONNECTICUT'S 169 TOWNS. WE PROVIDE LOAN CAPITAL WHEN THEY CANNOT OBTAIN FINANCING FROM TRADITIONAL LENDING INSTITUTIONS AND ARE LOCATED IN A TARGETED/PUBLIC INVESTMENT COMMUNITY (ECONOMICALLY DISADVANTAGED) OR HAVE AN ANNUAL HOUSEHOLD INCOME LESS THAN THE STATE MEDIAN PUBLISHED BY HUD. FOR THE 7TH YEAR IN A ROW, CEDF IS CT'S LEADING SBA MICROLENDER. OUR WORK HAS PROMOTED HEALTHIER ECONOMIC BASES OF NEIGHBORHOODS, COMMUNITY WELLNESS, BLIGHT IMPROVEMENT, AND JOB CREATION/RETENTION. IN 2019, CEDF ORIGINATED 19 MICROLOANS, $354,900 IN CAPITAL AND AN ADDITIONAL 14 TERM LOANS/LINES OF CREDIT AND $833,000 IN CAPITAL FOR ITS AFFILIATED ORGANIZATION. CEDF'S TOTAL LOAN PORTFOLIO INCLUDES 200 SMALL BUSINESS CLIENTS WITH 305 LOANS AND COMMITMENTS OF $13,533,423 FOR CEDF ORGANIZATION. IN 2019, THESE SMALL BUSINESSES CREATED/RETAINED 1,196 JOBS IN THE STATE OF CONNECTICUT.

REGULAR CONTACT WITH THE BUSINESS ADVISOR IS A CONDITION OFALL CEDF LENDING. BUSINESS ADVISORS ARE SEASONED FORMER BUSINESS OWNERSWHO PROVIDE GUIDANCE ON BEST PRACTICES IN MANAGEMENT, MARKETING ANDFINANCE; HELP INVESTIGATE, DIAGNOSE OR RESEARCH BUSINESS CHALLENGES ANDOPPORTUNITIES IN ORDER TO IDENTIFY PATHS TO IMPROVED RESULTS; AND COACHON MATTERS OF LEADERSHIP, ACCOUNTABILITY, ACTION PLANNING, IDEAGENERATION, MOTIVATION AND MANAGEMENT OF THE EMOTIONAL COMPONENTS OFBUSINESS OWNERSHIP.

IN 2019, CEDF PROVIDED EDUCATION TO 2,269 INDIVIDUALS ACROSS IN-PERSON, ONLINE, AND ON-DEMAND OFFERINGS. THE CEDF BUSINESS EDUCATION CENTER (BEC) EDUCATES SMALL BUSINESS OWNERS AND ASPIRANTS ON THE ESSENTIAL KNOWLEDGE FOR OPERATING SUCCESSFUL, SUSTAINABLE ENTERPRISES. OUR BUSINESS EDUCATION CENTER OPERATES IN COORDINATION WITH BUSINESS ADVISORY SERVICES TO MAINTAIN AN AWARENESS OF THE MOST RELEVANT TOPICS FOR PROGRAMMING. WE OFFER LEARNING IN A VARIETY OF FORMATS ONLINE, WEBINAR, INSTRUCTIONAL ARTICLES, PODCAST SERIES AND IN-PERSON WORKSHOPS THAT OFFER IN-DEPTH, HANDS-ON TRAINING, PRIMARILY IN FINANCIAL AND MANAGEMENT RELATED SUBJECTS TAUGHT BY EXPERTS. OUR EDUCATIONAL METHODS PROVIDE CONVENIENT WAYS TO STAY INFORMED AND INSPIRED ON CURRENT ISSUES AFFECTING SMALL BUSINESS OPERATIONS WITHOUT REQUIRING LARGE BLOCKS OF TIME. IN 2019, CEDF HELD 15 IN-PERSON WORKSHOPS WITH 174 ATTENDEES, 10 WEBINARS WITH 70 LIVE ATTENDEES, 9 PODCASTS WITH 477 PLAYS/ENGAGEMENTS, 27 ARTICLES WRITTEN WITH 533 ENGAGEMENTS, 71 REGISTRANTS FOR ONLINE EDUCATIONAL COURSES, AND AN ADDITIONAL 944 VIEWS/PLAYS/ENGAGEMENTS WERE RECORDED FOR ALL METHODS OF ALTERNATIVE DELIVERY OF EDUCATION.

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