Valley Economic Development Center

Amount: 
$70,000
Year: 
2018
Field of Interest: 
Social Enterprise & Entrepreneurship
Program Name: 
VEDC Women’s Entrepreneur Center
Grant Type: 
General Community
Organization Description: 

Founded in 1976, Valley Economic Development Center (VEDC) has grown from a start-up focused on revitalizing the business community in Van Nuys to one of the leading nonprofit business development organizations in the nation, with offices in Los Angeles, New York City and Chicago. VEDC is a certified Community Development Financial Institution (CDFI), whose mission is to create and sustain jobs and businesses in underserved communities by providing high-quality small business development services for minority, women and low-income businesses in low- and moderate-income communities. In 2017, VEDC Lending provided over $16.7 million in microloans and small business loans to 218 small businesses, created and retained 3,636 jobs, and attracted or created 166 businesses in Los Angeles County and across the United States.

Grant Purpose: 

VEDC Women’s Entrepreneur Center provides aspiring and current women entrepreneurs with a solid foundation to build and sustain successful businesses, through one-on-one consulting, specialized business workshops, and entrepreneurial training.