North Central Economic Development Association (NCEDA) is a 501(c)3 affiliate organization of Region Five Development Commission and was established in 1986 by R5DC in part due to the receipt of a U.S. Department of Commerce Economic Development Administration grant that offers gap loans alongside our regional lending institutions.

By providing financial assistance in the region, NCEDA provides entrepreneurship opportunities for small-business persons, supports innovative products and processes, and retains one job for every $10,000 of funds lent.


NCEDA services include:

  • Business loans (gap, micro & minority)

  • Well Water and Septic System Loans 

  • Social Crowdfunding assistance 

  • Extensive Business Technical Assistance

To learn more about NCEDA, please contact Stephanie Barney.

200 1st Street NE Suite 2 | Staples, MN 56479 | 218.894.3233

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© 2019 Region Five Development Commission