In 2003, the Entrepreneurial Development Center, Inc. (EDC) was founded to improve entrepreneurial development efforts, create balance to existing economic development programs in Cedar Rapids, and, coupled with efforts of the local Chamber of Commerce, provide a broader business support engine for the community. EDC was formed as a Chamber partner, with Chamber funding, to specifically provide for the business creation / entrepreneurial development component of the Chamber’s Mission Statement.
From its start in September of 2003, EDC grew; raising funds at the local, state and national levels. Talent (staffing / contractors / mentors) grew from one to many, annual funding grew from $200,000 to ~$1M, geographic scope expanded from local to regional to statewide, and the abilities and accomplishments of the organization developed accordingly.
EDC provides three key functions – (1) networking and education, (2) the development of critical provider networks and the connection of related needs with such resources, and (3) the hands-on day-to-day mentoring of entrepreneurs by entrepreneurs.
More info at www.edcinc.org