Monadnock Economic Development Corporation

What Monadnock Economic Development Corporation does

Monadnock Economic Development Corporation (MEDC) is a Keene, New Hampshire-based 501(c)(3) nonprofit regional development corporation founded in 1985 that operates as a mission-driven financial intermediary for southwestern New Hampshire (Cheshire County and western Hillsborough County). The organization concentrates on three service lines: business and development finance, real estate development, and technical advisory services. MEDC directly serves small businesses — described as the constituents "right in our backyard" — alongside municipalities, nonprofits, and housing developers through public-private partnership structures that lower borrower cost of capital.

MEDC's product portfolio includes a Commercial and Housing Finance Program backed by a revolving loan fund (over $16 million invested historically), a Brownfields Revolving Loan Fund Program seeded by a $1,000,000 EPA grant in 2023, the Bringing It Home Project for home-based childcare expansion, an Opportunity Zone investment program in Keene, the Monadnock Housing Development Fund, the Keene Energy Efficiency Loan Fund, and USDA Rural Development loan pass-throughs. The organization has completed over 1,000,000 square feet of new construction, leveraged more than $100 million in tax credits and grants, and accounts for an estimated 12% of the regional workforce and 10% of the City of Keene's tax base.

The business model is hybrid: operating revenue derives from net income produced by real estate development projects and loan income from revolving loan funds, supplemented by tax-deductible donations (including a 2025 40th Anniversary Appeal), federal and state grants (EPA, NBRC, CDFA), and corporate sponsorships. MEDC does not sell software or technology products — its core technology is administrative (website intake, online loan portal, project documentation) — and it is reported to be entirely self-funded by project net income and loan income. The organization employs 1-10 staff and is led by Executive Director Cody Morrison, with governance provided by a 12-member Board of Directors drawn from regional banks, municipalities, and community organizations.

Name

Monadnock Economic Development Corporation

Legal name

Monadnock Economic Development Corporation

Website

https://monadnockedc.org

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Economic Development Finance

NAICS

Land Subdivision (2372), Administration of Housing Programs, Urban Planning, and Community Development (9251), Grantmaking Foundations (813211)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799)

akta.pro primary industry

National/Regional Development Finance Institutions (DFIs) (FSABAKAB)

akta.pro secondary industries

Economic Development & Business Licensing (Local) (BPAIACAN), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM), Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)

Keywords

• Economic development finance
• Revolving loan funds
• Real estate development
• Brownfields cleanup financing
• Community development lending

Headquarters

HQ city

Keene

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, Infrastructure, Technology or R&D

Revenue model

1. Loan Income and Project Net Income: MEDC's operations are funded by net income produced by their real estate development projects as well as loan income from their revolving loan fund programs. They provide financing to eligible businesses, nonprofits, and housing developers in southwestern New Hampshire.
2. Donations and Fundraising: MEDC accepts tax-deductible donations from individuals and corporate sponsors to support their community and economic development initiatives, including their 40th Anniversary Appeal Campaign.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Monadnock Economic Development Corporation is a nonprofit 501(c)(3) regional development corporation providing business and development finance, real estate development, and technical advisory services to small businesses, nonprofits, municipalities, and housing developers in southwestern New Hampshire. Its core offerings include a revolving loan fund program for job creation and retention, a Brownfields Revolving Loan Fund for environmental cleanup, commercial real estate services, public-private partnership real estate development, and the Bringing It Home Project childcare initiative.

Product overview

Monadnock Economic Development Corporation (MEDC) operates as a non-profit 501(c)(3) regional development corporation offering a portfolio of economic development services rather than a unified software product. The core offerings include a Commercial and Housing Finance Program with revolving loan funds, a Brownfields Revolving Loan Fund Program for environmental cleanup, Commercial Real Estate Services across multiple properties in the Monadnock Region, Real Estate Development through public-private partnerships, and the Bringing It Home Project for childcare accessibility. Additional financing modules include USDA Rural Development Loans, Community and Economic Development Loans, Keene Energy Efficiency Loan Fund, and the Monadnock Housing Development Fund. The Opportunity Zone Investment Program provides tax incentives for investors in Keene. Together, these services form an integrated approach to regional economic development combining financing, real estate, and community development initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial and Housing Finance Program MEDC's revolving loan fund program providing financial assistance to eligible businesses, nonprofits, and housing developers in southwestern New Hampshire for job creation, retention, and site cleanup. Applications submitted via nhbusinessloans.org or intake forms.
• Brownfields Revolving Loan Fund Program Grant and loan funding for contaminated sites in New Hampshire, providing hazardous waste cleanup financing to municipalities, non-profits, and private developers. One of only 10 EPA Brownfields RLF programs in the United States.
• Commercial Real Estate Services Assistance finding commercial and industrial real estate solutions including Safford Drive Industrial Park in Swanzey, sites in Hinsdale, properties in Keene, Vose Farm Business Center in Peterborough, and Stone Mountain Business Park in Winchester.
• Real Estate Development Public-private partnership options for business expansion, including direct financing at advantaged terms and facility purchase/development with lease-back arrangements. MEDC has completed over 1,000,000 square feet of new construction since 1985.
• Bringing It Home Project (BIHP) Regional initiative to improve childcare accessibility by creating home-based childcare providers in the Monadnock Region, aiming to create 10 new home-based providers by 2028, adding 60-120 childcare slots.
• Opportunity Zone Investment Program Federally designated Opportunity Zone in Keene offering tax incentives including extended capital gains deferral, 50% substantial improvement rule for rural zones, and no tax on appreciation after 10 years.
• USDA Rural Development Loans Loans up to $250,000 or 75% of total project cost for real estate, equipment, and working capital in rural areas with fixed interest rates depending on use and project structure.
• Monadnock Housing Development Fund Low-interest loans for for-profit and non-profit developers for affordable housing projects including real estate acquisition, renovation, bridge loans, soft costs, and new construction in southwestern New Hampshire.
• Keene Energy Efficiency Loan Fund Low-interest loans for commercial and housing renovation projects within City of Keene that result in reduced energy use or conversion from fossil fuels.
• Community and Economic Development Loans Loans for job creation and retention, real estate acquisition and renovation, supporting regional economic growth in southwestern New Hampshire.
• Donation Program Tax-deductible donation program accepting one-time, monthly, or annual donations from individuals and corporate sponsors to support MEDC's community and economic development initiatives, including the 40th Anniversary Appeal Campaign.

Quantifiable outcome

• Over $50 million in real estate investment to strengthen downtowns and neighborhoods
• +4 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Southwest Region Planning Commission (SWRPC)coreStrategic or Co-development PartnerPartner for brownfields assessment funding and community development planning. SWRPC provides site assessment funding for contaminated properties, which complements MEDC's brownfields cleanup loan fund.
• New Hampshire Department of Environmental Services (NH DES)coreStrategic or Co-development PartnerPartner for brownfields remediation oversight. NH DES provides regulatory oversight and approval of remediation plans for contaminated sites being cleaned up through MEDC's Brownfields RLF program.
• New Hampshire Alliance of Regional Development CorporationscoreStrategic or Co-development PartnerMEDC is a member of the NH RDC Alliance, working collaboratively with 9 other regional development corporations across New Hampshire to foster economic growth and support businesses.
• Belknap Economic Development CouncilminorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Belknap County.
• Capital Regional Development CouncilminorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Merrimack County.
• Coos Economic Development CorporationminorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Coos County.
• Grafton Regional Development CorporationminorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Grafton County.
• Mt. Washington Valley Economic CouncilminorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Carroll County.
• Regional Economic Development Center (REDC)minorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Rockingham County.
• Strafford Economic Development Corporation (SEDC)minorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Strafford County.
• Wentworth Economic Development Corporation (WEDC)minorStrategic or Co-development PartnerMember of NH RDC Alliance network. Serves Wolfeboro area.
• Small Business Development Center (SBDC)minorStrategic or Co-development PartnerProvides free business advising services referred by MEDC for entrepreneurs and small business owners seeking guidance.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Belknap Economic Development Council: Member of the NH RDC Alliance serving Belknap County. Direct peer with overlapping nonprofit economic development mission, business lending, and real estate services for small businesses in a New Hampshire sub-region.
• Capital Regional Development Council: Member of the NH RDC Alliance serving Merrimack County. Direct peer offering small business finance, real estate development, and community economic development programs to a different New Hampshire region.
• Coos Economic Development Corporation: Member of the NH RDC Alliance serving Coos County. Closest comparable in rural geography and economic distress profile; provides revolving loan funds, business assistance, and real estate services in northern NH.
• Grafton Regional Development Corporation: Member of the NH RDC Alliance serving Grafton County. Direct peer providing small business lending, technical assistance, and community development services in rural New Hampshire.
• Mt. Washington Valley Economic Council: Member of the NH RDC Alliance serving Carroll County. Direct peer offering small business support, lending, and economic development services in a New Hampshire region with similar rural/tourism economic base.
• Regional Economic Development Center (REDC): Member of the NH RDC Alliance serving Rockingham County. Direct peer providing business lending, real estate, and economic development services in southeastern New Hampshire.
• Strafford Economic Development Corporation (SEDC): Member of the NH RDC Alliance serving Strafford County. Direct peer offering revolving loan funds, business development, and real estate services with overlapping program structure.
• Wentworth Economic Development Corporation (WEDC): Member of the NH RDC Alliance serving the Wolfeboro area. Direct peer providing small business lending and economic development services in rural New Hampshire.

Others

• New Hampshire Community Development Finance Authority (CDFA): State-level funding partner and ecosystem participant. While not a direct competitor, CDFA administers the tax credit programs (including the June 2023 childcare tax credit grant to MEDC) that MEDC depends on, making it a key enabling/financial infrastructure peer.

Regional players

• Vermont Community Development Association: Regional peer representing the analogous network of Vermont regional development corporations and CDFIs. Comparable in structure — small nonprofit EDOs providing revolving loans, real estate development, and brownfields programs — but operating across Vermont rather than New Hampshire.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MonadnockEconomicDevelopmentCorp
• LinkedInlinkedin.com/company/monadnock-economic-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Monadnock Economic Development Corporation