Economic and Community Development Institute
Contact: Inna Kinney
475 E. Mound St.
Columbus, OH 43215
The Economic and Community Development Institute (ECDI) is a 501(c)3 non-profit economic development organization located in Columbus, Ohio. Our mission is to invest in people to create measurable and enduring social and economic change. As the only U.S. Small Business Administration and U.S. Treasury designated Community Development Financial Institution (CDFI) microlender in Central Ohio, as well as a microlender for Franklin County Economic Development and Planning Department and the City of Columbus Department of Development, ECDI addresses the needs of very small business owners in the creation and expansion of small businesses. Our programs provide valuable services to entrepreneurs, including culturally and linguistically appropriate financial literacy and enterprise development training, one-on-one technical assistance, and industry specific training and access to markets through the new Growing Entrepreneurs Initiative. In addition to training and technical assistance services, ECDI fills a gap in the credit industry by offering loans ranging from $500 to $100,000 to underserved entrepreneurs through its revolving loan fund program. Eligible, low-income working entrepreneurs may also receive grants for business capitalization through the Microenterprise Development Individual Development Account (MED IDA) program. The MED IDA program provides grant funding that is matched to a participant’s savings. ECDI’s services are targeted toward unbanked or underbanked populations, including very low and low-income individuals, those with little or no credit, those precluded from paying interest because of religious beliefs, and those who are unable to get a loan from a traditional financial institution.
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