Economic & Community Development Institute

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Who We Are
ECDI:“Investing in people to create measurable and enduring
social and economic change.”
• ECDI is a non-profit, economic development organization, which provides
knowledge, education, mentoring, asset building grants, and small business loans
to anyone interested in starting or expanding their current business.
• Our goal is to help individuals succeed as small business owners which bolsters the
local economy, and in turn, helps those individuals attain financial freedom for
themselves and their family.
• Another goal is to create jobs and keep dollars local, recirculating through the local
Economy
• We are the 7th largest micro lender in The United States with access to over 36
loan funds.
• SBA microloan intermediary lender and Community Development Financial
Institution with 88 county footprint throughout the state of Ohio
Who We’ve Helped?
• Since it’s creation in 2004, ECDI has assisted more than 2,000
businesses and created and retained more than 4,000 jobs.
• In 2013 alone, ECDI has lent close to $3 million in capital to local
small businesses, increasing the total capital deployed for small
businesses since 2004 at over $15 million.
How We Help
Our suite of services include:
•One-on-one business mentoring
•Individual development-matched
savings accounts
• Small business loans
•Fully operational food commissary
and kitchen
•Women’s Business Center of Ohio
“ECDI invests in YOU so you can invest in YOUR future”
Educate
The Women’s Business Center is the only
U.S. Small Business Administration funded
center in the state.
The WBC includes:
•Access to laptops and PC’s
•Wireless Internet
•Free Core Business Classes
•Notary & Printing services
•One-on-one Counseling
•Loan packaging
*The WBC is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
Educate
Offer wide range of classes
and training to benefit you
and your business:
•Financial Literacy
• Get Your Business Up and Running
• Technical Assistance
•Ask the Expert series
•credit classes, marketing classes,
food safety classes,
social media help
Invest
Offer loans to help your
business
• Loans up to $350,000 for small
businesses
• US Treasury Certified Community
Development Financial Institution
(CDFI)
•In 2013, ECDI:
•Lent $3M in capital to local, small
businesses
Audrey Todd, Food for Good Thought
Invest
Individual Development Account
•An IDA is a special matched savings
account to help low-income individuals
and families put money aside for
homeownership, education, or starting a
small business.
•Money can be put towards the purchase
of an asset:
•Home
•Post-secondary education
•Their existing business
•In special cases, down payment on an
automobile
You Save, We Match, You Win!
Invest
Individual Development Account
• For every dollar you deposit in your
IDA account, the IDA program invests in
one or more matching dollars. An IDA
account is a matched savings account.
Qualification is required and your
program may vary, depending on your
nationality or citizenship status.
•If your IDA program offers a 3 to 1
savings match, you get three extra dollars
for each dollar you save. If you deposit
$50 per month, for example, you get
another $150 deposited in your account,
for a total of $200. There is a limit on the
amount of deposits
that will be matched.
You Save, We Match, You Win!
Invest
Invest Local Ohio Fund
• Provides community members the opportunity to invest
in local, small businesses in our community and receive a
return.
•ECDI has committed to leverage every ILO Dollar with at
least $2 from other sources. Last quarter, ECDI made loans
totaling $54,800 from the ILO Fund, which was leveraged
with an additional $153,169.83 from other funds, turning
every $1 you invest into $6 for local entrepreneurs.
Jobs created: 20!
•Some businesses:
•Kids Authentic Apparel
•Leafy Greens Local Food and Market
•Ohio Fit Club
•Pho Chef
•Sine Wall, LLC
•Bitul Trucking, LLC
Innovate
The Food Fort is a licensed food cart
commissary and incubator that provides:
•Access to capital
• Food-specific business development programming
• Clean and secure cart and truck storage
• Cart rental and leasing
• Targeted cart location assistance
• Commercial kitchen and bakery
• Food safety training
• Access to markets (Kroger, Celebrate Local)
• Shared office space
Innovate
The Cleveland Culinary Launch &
Kitchen
•Shared kitchen experience that allows culinary
entrepreneurs to bring their culinary dreams into
a reality
• Fully licensed kitchen facility that adheres to high
standards of the Ohio Department of Agriculture
•Allows entrepreneur’s the opportunity to rent kitchen time
hourly
•Baking
•Catering
•Canning
•Thermal processing
•Dry packing
Innovate
Celebrate Local is a pop-up seasonal store
showcasing local, handmade, and artisan goods:
• 200+ local vendors
• 2,200 square feet at Easton Town Center
• Consignment model
• Space donated by Easton Community Foundation
• Beer and wine licensure
Innovate
RISE: Retail Incubator Supporting
Entrepreneurs
•Partnering with Franklin
County, The RISE program is
designed to provide
economic opportunity for
retail micro businesses
•Start or grow your retail
enterprise
•Business owners will obtain
training as well as one-on-one specialized technical assistance with their
retail operation
•Access to Low interest loans to help purchase machinery, equipment, and
working capital for their retail establishments.
Innovate
KickStart Columbus WIDGETPITCH 2013
•Contest for Local Entrepreneurs
•Contestant’s pitch their
product or service, in the
fashion of
ABC’s “Shark Tank”,
to a select panel of judges
to secure more funding
• Winner receives funding for their idea!
Thanks to Council Member A. Troy Miller and Columbus City Council for sponsoring this event!
ECDI’s Reach
ECDI services other
parts of Ohio:
ECDI Cleveland Programs:
• Small Business Loans
•Business loans between $500 and $150,000
• Training
•Small Business fundamentals for start-up
businesses
• Cleveland Culinary Launch & Kitchen Food Business
Incubator
•Incubator program for culinary businesses
ECDI Toledo Programs:
• Small Business Loans
•Business loans between $500 and
$150,000
Client Spotlight
The Buckeye Lake Winery opened over the busy
4th of July Weekend and quickly began to create
“buzz” around the Buckeye Lake Community. It is
now officially safe to say that The Buckeye Lake
Winery is another ECDI success story. They just
recently had to extend their business hours in order
to meet the huge demand the Winery is
experiencing. With an excellent assortment of
California based wines, along with an assortment
of local wines paired with gourmet food options,
The Buckeye Lake Winery offers a unique
experience that sets itself apart from the other
Lake offerings. The Buckeye Lake Winery is
located at 13750 Rosewood Rd, Thornville, Ohio,
43076 are open Wednesday through Sunday.
Congrats Tracy & Laura! We wish you continued
success!
Partners and Funders
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5/3 Bank
Bank of America
Charter One Foundation
CitiBank
City of Columbus Department of Development
City of Cleveland Department of Development
Cleveland Foundation
Commerce National Bank
Franklin County Economic Development
and Planning
Huntington National Bank
Key Bank
Kroger
Ohio Department of Development
PNC Bank
United Way of Central Ohio
US Bank
U.S. Department of Agriculture (USDA)
U.S. Department of Health and Human
Services Administration for Children and Families
Office of Community Services (OCS)
Office of Refugee Resettlement (ORR)
U.S. Small Business Administration
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U.S. Treasury Community Development Financial
Institutions Fund (CDFI) (SBLF)
WesBanco
World Financial Network National Bank
Sam’s Club
Goldman Sachs
Calvert Foundation
First Bexley Bank
Easton Community Foundation
Columbus Foundation
Columbus Jewish Foundation
Cleveland Foundation
Business of Good Foundation
Invest Local Ohio
SCORE
I Know I Can
Habitat for Humanity
Bradford Culinary School
Children’s Hunger Alliance
Columbus Metropolitan Library
Stranahan Foundation
Local Initiatives Support Corporation Toledo
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