Monadnock Economic Development Corporation (MEDC) is a nonprofit regional development corporation focused on growing the economy of southwestern New Hampshire. Since its establishment in 1985, MEDC has played a significant role in the region's economic development. The organization specializes in real estate development, business & nonprofit lending, project development, and providing technical assistance to municipalities. MEDC's impact is evident through its contribution to the creation of nearly 1M square feet of new construction, leveraging over $100M in tax credits and grants, and providing more than $13M in gap funding for startup and expansion efforts. Moreover, MEDC has been instrumental in creating employment opportunities, accounting for over 3,000 employees in the Monadnock Region.
MEDC collaborates with a diverse range of stakeholders, including governmental bodies, businesses, entrepreneurs, nonprofits, educational institutions, foundations, civic groups, investors, developers, and property owners, all sharing an interest in fostering the economic growth of the region.
The most recent investment in MEDC occurred on 23 August 2023 with a $100.00K grant from the Northern Border Regional Commission. This demonstrates ongoing support and recognition of the organization's potential to drive economic development in the United States. MEDC's consistent track record and strategic investment partnerships position it as a promising opportunity for venture capital firms seeking to invest in impactful regional development endeavors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $100.00K | 1 | Northern Border Regional Commission | 23 Aug 2023 |
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