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.
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...read more
Wolfeboro – People have wondered about Mona Lisa’s smile for years, but there’s no mistaking the smile on Denise Roy-Palmer’s face now. The Executive Director of Wentworth Economic Development Corporation (WEDCO) grins from ear to ear as she explains her...read more
Starting a business is an exciting proposition, but it’s also an incredibly challenging undertaking. You may be asking: What characteristics do you need to be an entrepreneur? What does it take to start and succeed in business? Advice from SBA staff about...read more
Looking to launch a business this year? Need advice or resources? David Boynton, Business Advisor with the NH Small Business Development Center, is available to meet with clients here at our Wolfeboro office, 15 Varney Road, on the third Thursday of each month, from 9...read more
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 Prause
WEDCO provides economic development services to the businesses and communities of Brookfield, Effingham, Farmington, Milton, Middleton, Moultonborough, New Durham, Tuftonboro, Wakefield, Wolfeboro and surrounding New Hampshire communities.