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.
WEDCO “juicing” up its offerings
Newest SBDC business advisor introduced during event a new Wolfeboro business. For more than 25 years, the Wentworth Economic Development Corporation (WEDCO) has been helping locals navigate the landscape of starting and running a business. And now thanks to a...
read moreCDFA Community Development Investment Program Awards WEDCO with Tax Credits
The New Hampshire Community Development Finance Authority (CDFA) through the Community Development Investment Program, makes awards annually of $25,000 in NH State Tax Credits. This year, for the State Fiscal Year 2020 - the Tax Credits were awarded to WEDCO. This...
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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.
Kimberly PrauseThank You to Our Partners
