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Project Details
| Organization Information: | | Submitted By: | Economic and Community Development Institute
http://www.ecdi.org
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| Description: | The Economic and Community Development Institute (ECDI) is a 501(c)3 non-profit economic development organization located in Columbus, Ohio. 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 the sole 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 microenterprises. Its programs provide valuable services to entrepreneurs, including culturally and linguistically appropriate financial literacy and microenterprise training, one-on-one technical assistance, and industry specific training and access to markets through its 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 $35,000 to underserved entrepreneurs through its revolving microloan 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.
In addition to its comprehensive microenterprise development services, ECDI offers Individual Development Account grants for downpayment assistance to first-time homebuyers and for post-secondary education tuition assistance and a minor home repair program for senior citizens and disabled individuals.
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| Services Provided: | Financial Literacy Training
Microenterprise Development Training
Technical Assistance for entrepreneurs
Individual Development Account Program (matched grants for microenterprise development, first time homebuyers downpayment assistance, tuition assistance for post-secondary education)
Microloans ($500 - $35,000) for business start-up, expansion, or stabilization
Home Repair Program for senior citizens and disabled individuals. |
| Audiences Served/Community Need: | Primarily low-to moderate income individuals (unbanked or underbanked, entrepreneurs, small-business owners, immigrants)
Economic Development |
| Project Information: | | Project Name: | ECDI Branding and Marketing Materials |
| Objective: | Work with ECDI staff to develop a brand and print materials |
| Audience: | Potential ECDI clients |
| Call to Action: | Contact ECDI about participation in programs |
| Due Date: | Wednesday, March 31, 2010 |
| Available Budget: | $0.00 |
| Email: | Register to Discuss Project |
| Services Needed: | Brochures, letterhead, printed materials
Strategic planning/consulting
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