Our Business is Helping Business
WEDCO’s mission is to promote and support businesses and the creation of employment opportunities by providing development assistance and financing.
The purpose of WEDCO’s financing is to retain and create employment opportunities for area residents. The primary criteria is the retention and/or expansion of the regional employment base, leveraging additional financial resources, and demonstration of the borrower’s ability to repay.
WEDCO is a private nonprofit 501 (c)(3) regional economic development corporation serving businesses of all sizes in the New Hampshire towns of Brookfield, Effingham, Farmington, Milton, Middleton, Moultonborough, New Durham, Sandwich, Tuftonboro, Wakefield, Wolfeboro, etc.
Burnt Timber Tavern expands into new space
WEDCO helps local tavern continue to grow WOLFEBORO — When the opportunity to expand his Lehner Street business was offered to Burnt Timber Tavern owner Eddie Michno, he knew some people who would be able to offer him advice and help him take the right steps forward....
Denise Roy-Palmer of WEDCO named SBA’s 2022 New Hampshire Financial Services Champion
Meet SBA’s 2022 New Hampshire Financial Services Champion Denise Roy-Palmer, Executive Director of the Wentworth Economic Development Corporation (WEDCO). Denise recently celebrated her 25th year with WEDCO. Over the course of her tenure, she has championed community...
Are you an employer looking for Information on wages, overtime, minimum age restrictions and more?
NH Department of Labor - Labor Law Training Seminar Join us for an overview from: Steven McKinney from U.S. DOL As a small business employer, you need to know the rules and regulations of the Fair Labor Standards Act (FLSA). The U.S. Department of Labor...
Despite running into roadblocks when it came time to obtain financing from traditional banks, Kimberly Prause, owner of the Cup and Crumb in Moultonborough, turned to Wentworth Economic Development Corporation (WEDCO). From WEDCO, she received a $65,000 loan to work in concert with a construction loan from Meredith Village Savings Bank.
“Without WEDCO, I don’t think we would have opened,” Kim says, looking back. And certainly, Cup & Crumb would never have become an anchor in the newly opened Berry Pond Corner with two full-time and 12 part-time employees in summer, and 8-9 staff in winter.
Thank You to Our Partners
