VEDC

VEDC functions as a prominent non-profit organization dedicated to fostering economic development through comprehensive support for small businesses. It primarily provides debt financing facilities, offering crucial capital to entrepreneurs and small to medium-sized enterprises that often face challenges accessing traditional lending. Complementing its financial services, VEDC also delivers business advising and educational programs, equipping underserved communities with the necessary tools for sustainable growth and job creation.

The organization was established in 1976, initially operating as Vitalize Van Nuys Inc. Its inception stemmed from an understanding of the critical need to stimulate local commerce and provide accessible resources to budding enterprises within its community. By 1989, it rebranded as the Valley Economic Development Center (VEDC) to reflect a broader mission to assist small businesses and catalyze regional economic vitality.

VEDC serves a diverse clientele of small business owners and entrepreneurs, particularly those in underserved areas. Its long-term vision centers on creating and sustaining jobs and businesses, thereby expanding economic opportunities and building more resilient local economies. The organization remains committed to empowering entrepreneurs and driving inclusive economic progress in the communities it serves.