BFA provides WEDCO with additional resources to develop and expand the local economy. When a business applies for a loan which exceeds WEDCO's capacity, we may apply for additional funding from the BFA who works hand-in-hand with local development organizations to foster local economic growth.
These Housing and Urban Development funds are available through the New Hampshire Community Development Finance Authority (NHCDFA). They administer these funds in partnership with local municipalities, including counties. WEDCO can assist your business in applying for these economic development funds. If approved, these grants are made to the municipality and WEDCO to lend to the business that is creating and/or retaining jobs. Maximum funding is up to $500,000.
Other Regional Development Corporations such as Stafford Economic Development Corporation (SEDC), Belknap County Economic Development Council (BCEDC), and the Mt. Washington Valley Economic Council (MWVEC) are important partners when additional sources of financing are needed.
Guarantees may also be available through various State & Federal Agencies.