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.
At NCEDA, we provide assistance to cultivate new skills and resources that unite communities and contribute to a prosperous economy.
NCEDA services include:
Business loans (gap and minority)
Small Business Emergency Lending during COVID pandemic (MN DEED)
CARES Act Grant Funding distribution for Revolving Loan Funds (US EDA)
Household Well Water & Septic System Loans
Extensive Business Technical Assistance