The Regional Economic Development Center

What The Regional Economic Development Center does

The Regional Economic Development Center (REDC) is a private nonprofit economic development organization founded in 1994 and headquartered at 57 Main Street, Raymond, New Hampshire. Its core products are alternative financing for small businesses and no-cost business advising, delivered through a LEED-certified training center and a distributed field-based team. REDC operates as a U.S. Treasury-certified Community Development Financial Institution (CDFI, designated 2015) and an SBA Microloan Program Intermediary Lender (designated 2017), which together authorize it to deploy microloans, the New Americans Loan Fund, Brownfields loans, a Revolving Loan Fund, and the Building Roots Home Fund (workforce housing, $500K–$3M per loan). It is also the official Kiva Hub for New Hampshire. Its business model is grant-and-fee driven rather than commercial: revenue derives from federal and state grant funding (EDA, SBA, USDA, CDFI Fund, NH CDFA, EPA), transaction fees and interest on originated loans, and administration of tax credit programs. REDC's customer base is segmented across startups, growing small businesses, challenged/restructuring businesses, New Americans (first-generation immigrants), microenterprises, workforce housing developers, and communities served through the Comprehensive Economic Development Strategy (CEDS) and Resiliency programs. The organization is small (1–10 employees) and recently underwent a leadership transition following the July 20, 2025 death of President Laurel Adams, with Executive Vice President Dan Gray assuming leadership; it also absorbed the Coastal Economic Development Corporation in 2021.

Name

The Regional Economic Development Center

Legal name

Regional Economic Development Center

Website

https://redc.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

The Regional Economic Development Center (REDC) is a 1994-founded nonprofit CDFI in Raymond, NH providing alternative financing, no-cost business advising, and technical assistance to startups, growing, and challenged small businesses, with specialized loan funds for New Americans, workforce housing, and brownfields redevelopment.

Ownership category

akta.pro rank

Product category

Community Development Finance

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Grantmaking and Giving Services (81321)

SIC

Short-Term Business Credit Institutions (6153), Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE)

Keywords

• Small business lending
• Business advisory services
• Community development finance
• Microloan programs
• Economic development planning

Headquarters

HQ city

Raymond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Alternative Lending: REDC provides alternative financing to small businesses through various loan programs including microloans, the New Americans Loan Fund, and the Building Roots Home Fund. Revenue is generated through loan interest and fees.
2. Federal and State Grants: REDC receives funding from federal agencies including EDA, SBA, USDA, CDFI Fund, and state sources including NH CDFA. These grants support their loan programs, operations, and community development activities.
3. Tax Credit Program Administration: REDC administers tax credit programs through NH CDFA, generating community support and operational funding for loan programs like the NH New Americans Loan Fund.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

REDC provides alternative financing (microloans, SBA Microloans, Kiva zero-interest loans, NH New Americans Loan Fund, Building Roots Home Fund, Brownfields loans, Revolving Loan Funds) and no-cost business advising (business planning, financial planning, marketing and design planning) to new, growing, and challenged small businesses in New Hampshire. The organization complements these with CEDS regional economic development planning, grant administration, and the THRIVE business competition series.

Product overview

The Regional Economic Development Center (REDC) is a non-profit economic development organization offering a comprehensive portfolio of financing and advisory services for small businesses in New Hampshire. The core offerings include Alternative Financing (loans for startups, growing, and challenged businesses) and no-cost Business Advising (business planning, financial planning, and marketing/design support). These are supplemented by specialized loan programs including the NH New Americans Loan Fund for first-generation immigrants, Kiva partnership for crowdfunded loans, Brownfields Program for contaminated site redevelopment, Building Roots Home Fund for workforce housing, and various grant programs. Additional services include the CEDS (Comprehensive Economic Development Strategy) planning, Technical and Trade Programs directory, Virtual Entrepreneur Resource Center, Language Help services, and the THRIVE Business Competition series. The LEED Certified Training Center in Raymond serves as the physical hub for these services.

Differentiator

Problem solved

Functional benefit

Brands

• NH New Americans Loan Fund: A loan fund providing access to technical assistance and loans to first-generation Americans who are prospective or current business owners throughout New Hampshire.
• Building Roots Home Fund
• THRIVE Business Competition

Products and services

• Alternative Financing
• Business Advising
• NH New Americans Loan Fund
• Building Roots Home Fund
• Kiva Partnership Loans
• Brownfields Loan Fund

Quantifiable outcome

• Over 1,000 jobs created through loan programs
• +1 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and major.

• NH Community Development Finance Authority (CDFA)coreStrategic or Co-development PartnerCDFA administers tax credit programs that support REDC's loan funds including the NH New Americans Loan Fund. REDC regularly applies for and administers Community Development Block Grants (CDBG) through CDFA.
• KivacoreStrategic or Co-development PartnerPartnership established in 2022 making REDC the official Kiva Hub for New Hampshire. Kiva is an international nonprofit providing zero-interest crowdfunded loans to underserved communities.
• Hannah Grimes Center for EntrepreneurshipmajorStrategic or Co-development PartnerPartnership to launch Hannah Grimes Center Revolving Loan Fund for businesses in the Monadnock Region. Also partnered for PitchFork Growth Competition events.
• Coastal Economic Development Corporation (CEDC)coreStrategic or Co-development PartnerIn 2021, REDC absorbed CEDC through a merger, streamlining lending and technical assistance services under one organization and reducing overhead administrative costs.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Coastal Enterprises, Inc. (CEI): A Maine-based CDFI providing small business lending, housing financing, and technical assistance across northern New England. Directly comparable to REDC in mission, product mix (microloans, business advising, workforce housing), and reliance on federal CDFI/SBA/EDA funding.
• Hannah Grimes Center for Entrepreneurship: A New Hampshire-based entrepreneurship center providing business advising, mentorship, and coworking. REDC has a documented co-lending partnership with Hannah Grimes via the Hannah Grimes Center Revolving Loan Fund, making it both a peer and a strategic partner in NH's small business support ecosystem.
• Kiva: International nonprofit providing zero-interest crowdfunded loans to underserved entrepreneurs, of which REDC is the official NH Kiva Hub. Directly comparable in microloan underwriting for unbanked/underbanked borrowers, and operates as both a partner and platform peer.
• Justine Petersen Housing & Reinvestment Corporation: A Missouri-based CDFI providing small business microloans, housing counseling, and credit-building services. Comparable to REDC in microloan intermediary model, federal CDFI funding reliance, and focus on underserved entrepreneurs.

Regional players

• New Hampshire Community Loan Fund: A New Hampshire-based CDFI offering small business loans, child care financing, and affordable housing loans. Closest in-state peer to REDC, sharing the same federal CDFI/sponsor ecosystem and overlapping target segments.
• Vermont Community Loan Fund: A Vermont-based CDFI providing microloans, small business financing, and technical assistance. Comparable to REDC in scale, product structure (microloans + advising), and dependence on federal community development capital.
• Enterprise Bank (NH): A New Hampshire community bank that is a documented long-standing co-lending and tax-credit partner with REDC (purchased $50K in NH New Americans Loan Fund tax credits). Functions as both a referral source and a regional small business financing peer.

Broad incumbents

• Reinvestment Fund: A national CDFI providing financing for healthy food access, education, housing, and community development. Comparable to REDC in CDFI status and federal funding model, but operates at significantly larger scale across multiple states.
• Capital Impact Partners: A national CDFI and CDC delivering capital and capacity-building to underserved communities in health, housing, and small business. Comparable to REDC in mission and federal sponsorship, with a broader multi-state footprint and product portfolio.

Others

• Opportunity Finance Network (OFN): The national membership association for CDFIs, of which REDC is a member. Relevant ecosystem peer given REDC's reliance on CDFI Fund awards, training resources, and policy advocacy channels that OFN facilitates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@redcnhofSNH
• Facebookfacebook.com/REDCofSNH
• LinkedInlinkedin.com/company/regional-economic-development-center-of-southern-new-hampshire
• Instagraminstagram.com/redcofsnh
• Xx.com/REDCofSNH

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Regional Economic Development Center