The Region Five Development Commission was established in 1973. Area governments came together to establish the Regional Development Commission through the Regional Development Act of 1969. 

NCEDA is a 501c3 affiliate organization of 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.



  • The work of NCEDA is to advise the Commission on lending industry standards and best lending practices for our 4 lending programs (gap business loans, microloans, septic system loans and well water loans).
  • The Gap loans were initially funded by a US Department of Commerce – Economic Development Administration in the early 1980’s and provides gap lending for new and expanding businesses.
  • The Micro-enterprise fund was supported by USDA Rural Development and start up funds from Otto Bremer Foundation, the Initiative Foundation and the Blandin Foundation in 2012.


Region Five administers two additional loan pools:

  1. Individual Septic Treatment Systems funded through the Department of Agriculture
  2. A pool for Household Water Well Systems funded by USDA Rural Development.


NCEDA has an interdependent relationship with R5DC and contracts all accounting and professional services to R5DC staff. This arrangement is mandated by program agreements and has proven to be mutually beneficial for 30 years.


NCEDA’s Mission: To provide industry expertise for lending programs offered or created by the Region Five Development Commission.