Economic Development Corporation

edc is a community development financial institution that was created in 1992 by the cities of biddeford and saco and the biddeford-saco chamber of commerce and industry. our goal is to promote the long term economic prosperity of the region by providing gap financing to businesses that create and retain jobs. edc administers revolving loan programs to meet the diverse needs of businesses in the region. we make direct loans with federal, state and local funds to businesses whose total project costs exceed financing available through conventional sources of capital. our programs target: industrial and manufacturing firms; wholesale and distribution companies; and commercial enterprises that create and retain jobs. eligible project costs include: site purchase and development and new construction and/or rehabilitation of existing buildings with substantial owner occupancy; machinery and equipment acquisition and/or installation; and working capital. for more information visit our website