Arcata Economic Development Corp

Eureka, CA   |  http://WWW.AEDC1.ORG

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE NORTH COAST REGION OF CALIFORNIA BY PROVIDING BUSINESS LENDING AND TECHNICAL ASSISTANCE SERVICES, COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE, AND MICROLOAN BUSINESS ASSISTANCE & TRAINING.

Ruling year info

1980

Principal Officer

ROSS WELCH

Main address

707 K St

Eureka, CA 95501 United States

EIN

94-2674882

NTEE code info

Economic Development (S30)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

AEDC PROVIDES LOANS FOR SMALL BUSINESSES LOCATED THROUGHOUT NORTHERN CALIFORNIA. AEDC MADE 12 NEW LOANS DURING THE FISCAL YEAR. AT YEAR END, AEDC HAD 52 SMALL BUSINESS LOANS IN ITS PORTFOLIO. ADDITIONALLY, AEDC ADMINISTERED SMALL BUSINESS LOANS FOR LOCAL GOVERNMENTAL AGENCIES AND PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO SMALL BUSINESSES THROUGHOUT NORTHERN CALIFORNIA.

Expenses
$724,003
Revenue
$664,445

AEDC MANAGES SEVERAL PROGRAMS TO PROMOTE ECONOMIC DEVELOPMENT IN NORTHERN CALIFORNIA. AEDC ORGANIZES AN ECONOMIC DEVELOPMENT SUMMIT TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES. EMERGING LEADERS ARE BROUGHT TOGETHER FOR ESTABLISHING COLLABORATIVE STRATEGIES. AEDC PROVIDES OPPORTUNITIES FOR LOCAL NATIVE TRIBES TO COLLABORATE IN APPLYING FOR GRANTS.

Expenses
$1,341,276
Revenue
$136,283

Where we work

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Financials

Arcata Economic Development Corp
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Operations

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This organization has no recorded board members.