The Regional Development Company (RDC) has donated to further economic development in Michigan City and La Porte IN.
“The Regional Development Company is a proud supporter of the economic development efforts by the Greater La Porte Economic Development Corporation (GLEDC) and the Economic Development Company of Michigan City (EDCMC),” said Erica Dombey, president and executive director of the RDC. “We have a long tradition of giving back to the communities of Northwest Indiana to assist with job creation and growth. The contribution of $2,500 this year is evidence of that commitment.”
In addition to providing US Small Business Administration 504 loans, the RDC also administers Revolving Loan Fund for Michigan City. The SBA 504 loan program was created as an economic development tool to create jobs and assist small businesses in creating capital investment in commercial real estate and equipment. The program allows businesses to put as little as 10% down on the purchase of owner occupied commercial property.
“GLEDC and EDCMC truly appreciate the partnership of the RDC. The RDC’s support over the years has led to multiple economic development projects in our communities and has furthered our economic development goals for the area in general. There is no doubt that the RDC’s work in Northwest Indiana helps make this area THE place for business development,” said Bert Cook, Executive Director of the Greater La Porte Economic Development Corporation.
EDCMC Executive Director, Clarence Hulse echoed Cook in saying, “the EDCMC and GLEDC truly appreciates the RDC’s commitment to economic development in our communities and NW Indiana. Michigan City has a great working partnership with the RDC who has played a key role in many our local business growth and expansion through our revolving loan program. EDCMC looks forward to another great year working with the RDC promoting positive economic growth.”
About the Regional Development Company:
The RDC is a non-profit organization that supports small business by administering the US SBA 504 Loan Program and multiple community Revolving Loan Programs. The RDC offers 10% down payments and low, long-term fixed rates. For more information on the Regional Development Company please visit www.rdc504.org or call 219-476-0504.