Creating Financial Connections for the Good of Our Community
The RAEDC has been working closely with local and state officials, financial institutions, and businesses to provide information, guidance, and tactical support as we work through this unprecedented time.
Since sheltering in place we have convened financial institutions to understand their capabilities and what resources could be deployed to the community to support the COVID-19 crisis. As a result of these meetings, the
Northern Illinois Community Development Corporation (NICDC)
will be recapitalized. The NICDC provides funds to help small businesses create jobs. Special thanks to our partner lending institutions and John Phelps from the
for coordinating this effort.
We will continue to work with our partners and to find solutions and connections that will benefit our community.
Continue to take all necessary precautions; including washing your hands, maintaining 6 ft distance from others, and when possible stay home.
President & CEO