About Us

Our Mission…

The Community Economic Development Fund (CEDF) was created in 1994 to revitalize distressed neighborhoods in low to moderate income communities throughout Connecticut by improving the business and community economic conditions of the following towns and cities.

Ansonia Manchester Southington
Ashford Mansfield Sprague
Beacon Falls Meriden Stafford
Bloomfield Middletown Stamford
Bridgeport Milford Sterling
Bristol Montville Stratford
Brooklyn Naugatuck Thomaston
Chaplin New Britain Torrington
Derby New Haven Vernon
East Hartford New London Voluntown
East Haven Norwalk Waterbury
East Windsor Norwich West Hartford
Enfield Plainfield West Haven
Griswold Planville Winchester
Groton Plymouth Windham
Hamden Putnam Windsor
Hartford Scotland
Killingly Seymour


We do this in 4 simple ways.

1. We are a lender to Connecticut small businesses who are not bankable or have been turned down from a bank.

Business must meet one criteria below to apply for a CEDF Loan.

a. The business is located in one of the towns or cities listed above.

b. The business has a combined household income of less than $89,700.

2. We support our loan clients with a Free Business Advisor.

3. We provide Business Skills Training to teach business owners how to run a business.

4. We help with community development projects to make our communities a better place to live.


Organization Structure

CEDF consists of three legal structures.

  • CEDF Foundation, Inc.,
  • CEDF Corporation, and
  • CEDF 1, LLC

CEDF Foundation, Inc.    

The CEDF Foundation, Inc. is a non-profit 501 (c) 3 and is our parent organization. The CEDF Foundation, Inc. is responsible for the oversight of 4 major functions of the CEDF program.

  1. Provide support to encourage community-based economic development strategic planning;
  2. Provide business counseling to small businesses and entrepreneurs which increases their ability to operate their businesses successfully, access financing and benefit their neighborhoods;
  3. Provide micro loans ($50,000 and under) to small business borrowers; and
  4. Provide financial training workshops and educational presentations through our Business Education Center.

CEDF Corporation         

The CEDF Corporation, a wholly owned subsidiary of the CEDF Foundation, Inc., is a for-profit corporation. The CEDF Corporation is responsible for the 5th major function of the CEDF Programs:

  1. Administration of the investing, underwriting and lending function. The Corporation manages all of the small business lending activities through the CEDF 1, LLC.

CEDF 1, LLC                  

The CEDF 1, LLC is an $18 million dollar loan pool managed by the CEDF Corporation, pursuant to the terms of the LLC operating agreement. The CEDF1, LLC consists of 23 investors including the CEDF Corporation.

The following banks and institutions are members of our communities, have committed time, resources and investment to the CEDF Program they are:

  • Bank of America
  • CEDF Corporation
  • ChelseaGroton Bank
  • Citizens Bank
  • Connecticut Housing and Finance Authority
  • Dime Bank
  • Eastern Savings Bank
  • First County Bank
  • First Niagara
  • Jewett City Savings Bank
  • J.P. Morgan Chase
  • Liberty Bank
  • Mohegan Indian Tribal Council
  • People’s United Bank
  • Santander
  • Savings Bank of Danbury
  • Savings Institute Bank and Trust
  • TD Bank
  • US Trust
  • United Bank
  • Union Savings Bank
  • Webster
  • Wells Fargo