Thursday, October 16, 2003
The Small Business Administration has relaxed regulations of its 504 financing program. The 504 program focuses on fixed asset lending. The reforms enable certified development companies (CDCs), which offer the long term financing program -- to operate statewide, instead of in a defined geographic area.
This change opens the door to EDPros that do not have CDC's operating in their region.
For a listing of certified development companies in your state, go here.
Today in our history of innovation...
In 1928, the Patent Office issued a patent (No. 1,687,510) for the first electric light bulb frosted on the inside. The inventor, Marvin Pipkin, worked at the Incandescent Lamp Department of the General Electric Company, Nela Park, Ohio.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
Here's the link if you are a bloglines subscriber:
Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
SBA loosens 504 program
