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- EIN 26-4046217
- (941) 359-5915
- 5005 13th St W Palmetto FL 34221 USA
- www.edif.us
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Nonprofit Overview
Causes: Economic Development, Job Training
Mission: The economic development investment fund inc (edif) purpose is to foster economic growth through small business support services. The edif provides economic development tools and resources to distressed and underserved small businesses.
Programs: The edif's revolving loan fund (rlf) is a community pool of funds used to provide small businesses with access to capital that can be reused over and over to help promote job creations and economic development. The edif provides funding for businesses that may not qualify for traditional loans, as well as for entrepreneurs with creative and innovative ideas. As part of the program, borrowers can apply for training and technical assistance to boost their development and ongoing success. Edif makes loans through its own fund, and through grants and government programs. Most recently, edif was awarded a $250,000 revolving loan fund that it administers for the usda, which is available to new and existing microentrepreneurs located in 11 rural counties in south florida.
the edif's business incubator helped 15 businesses by providing rent and utility free space to help start and grow their business before developing solid revenues and business practices.
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This organization's nonprofit status may have been revoked or it may have merged with another organization or ceased operations.