WHO WE ARE
The North Central Economic Development Association (NCEDA) is a 501(c)(3) affiliate organization of the Region Five Development Commission (R5DC) and was established in 1986 by R5DC in part due to the receipt of a U.S. Department of Commerce, Economic Development Administration grant.
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WHAT WE DO
A goal of NCEDA is to create or retain permanent private sector full-time jobs in the region. By providing capital for business development and expansion, NCEDA provides an option for commercial businesses unable to obtain adequate, affordable funding from the private capital marketplace. By providing financial assistance in the region, NCEDA provides entrepreneurship opportunities for small-business persons, increases economic activity and supports innovative products and processes. We want your business to succeed, which is why we offer technical assistance to our borrowers through one-on-one assistance, webinars, workshops, and recommended videos and books. NCEDA also provides lending through programs for homeowners for Septic Systems and Well Water.
FULL CORPORATE MEMBERS
The membership of the Corporation shall consist of no more than fifteen (15) representatives elected by the Full Corp and affirmed by the Region Five Development Commission.
Membership shall be representative of the following categories: local government, community organizations, private lending institutions, economic development and business organizations with equal representation by woman and minorities to the utmost extent possible.
Dan Frank* (Vice-Chair)
Crow Wing County
Carrie Reierson* (Director)
Mo Durheim* (Director)
Greg Zylka* (Chair)
Steve Gertken* (Secretary)
Rick Utech* (Alternate)
Lisa Graba-Meech* (Treasurer)
R5DC Commission Liaison
David A. Anderson*
* Denotes NCEDA Loan Board Member
WHAT IS ECONOMIC DEVELOPMENT?
"A process of creating and utilizing physical, human, financial, and social assets to generate improved and broadly shared economic well-being and quality of life for a community or region."