Support a long-term committed community job creator.
WEDCO, the Wentworth Economic Development Corporation, Inc. is a non-profit 501(c) (3) founded in 1993. Our mission is to promote and support businesses and the creation of employment opportunities by providing development assistance and financing. Our service area includes northern Strafford and southern Carroll County which encompasses the Towns of Brookfield, Effingham, Farmington, Middleton, Milton, Moultonborough, New Durham, Sandwich, Tuftonboro, Wakefield and Wolfeboro.
Over the years, some WEDCO activities include the development of an industrial park in Farmington, the establishment of a childcare facility in Milton, and the creation of the first collaborative e-commerce website in the state called NHmade.com. We are involved with the Town of Wolfeboro, Farmington & Milton’s Economic Development Committee, the Sandwich Business Group, as well as the Moose Mountains Regional Alliance. We are also involved with the Cotton Valley Rail Trail, Friends of Wolfeboro Trails, Festival of Trees, the Piano Project, Kingswood Robotics Team, etc.
However, WEDCO’s primary focus is lending to retain and create employment opportunities for area residents. To date, we have loaned more than $5 million and leveraged almost $32 million. This lending activity has resulted in the creation and retention of 525 jobs.
2016 will be another busy year and we look forward to the challenges and opportunities it presents. We will continue to be a source of business financing, leveraging both traditional financing and equity which will result in employment opportunities. In addition, we will continue to provide business advising services through our partnerships with Lakes Region SCORE and the NH Small Business Development Center.
Unlike most non-profit organizations we do not engage in various fundraising activities, collect membership dues, etc., nor do we depend on financial support from Town or County Governments. Our revenue comes from fees for service, interest income, grants, contributions and tax credit awards.