A goal of NCEDA is to create or retain permanent private sector full-time jobs in the region. By providing capital for business development and expansion, NCEDA provides an option for commercial businesses unable to obtain adequate, affordable funding from the private capital marketplace.
By providing financial assistance in the region, NCEDA provides entrepreneurship opportunities for small-business persons, increases manufacturing activity, supports innovative products and processes, and retains one job for every $10,000 of NCEDA funds lent.
NCEDA also provides lending through programs for homeowners for Septic Systems and Well Water.
The North Central Economic Development Association (NCEDA) is a 501c3 affiliate organization of the Region Five Development Commission (R5DC) and was established in 1986 by R5DC in part due to the receipt of a U.S. Department of Commerce, Economic Development Administration grant. NCEDA is an equal opportunity provider, lender and employer.