Enterprise Development

With a grant from the Office of Refugee Resettlement (ORR) in 1992, ECDC established a microenterprise development program to promote economic self-sufficiency by providing loans, technical assistance, and business counseling to refugees interested in starting small businesses in the Washington, D.C., metropolitan area. It quickly became evident that a wider group of people had entrepreneurial aspirations as well, and ECDC's program expanded its client base in 1994. Since then, applicants and recipients of loans range from low-to-moderate income entrepreneurs, focusing on minority- and women-owned businesses. In 2001, what began as a program became a fully operational subsidiary; the ECDC Enterprise Development Group (ECDC EDG). The EDG offers:


• Training and pre-loan business assistance • Disburse loans up to $35,000, provides post-loan technical assistance • Services loan portfolios


The ECDC EDG serves as a Small Business Administration's Intermediary Lender in Washington, DC; in Maryland (Montgomery County and Prince George's County); and in Virginia (Arlington County and Fairfax County and the cities of Alexandria and Falls Church). In addition, the ECDC EDG has been certified by the Community Development Financial Institutions Fund as both a Community Development Entity (CDE) and a Community Development Financial Institution (CDFI). To learn more click on ECDC EDG's website www.entdevgroup.org