News
UCEDC Wins $250,000 Grant to Support Diversity in Small Business Lending
UCEDC, a statewide nonprofit economic development corporation, has been awarded $250,000 by Wells Fargo to support its lending and educational initiatives among women- and minority-business owners. UCEDC was one of 12 organizations nationwide in 2017 to be funded through Wells…
UCEDC Hosts SBA Administrator Linda McMahon
Latest stop on her tax-focused listening tour with small businesses UCEDC was host to Linda McMahon, Administrator of the US Small Business Administration (SBA) on Saturday, November 4, 2017 as she conducted a listening round table with local small businesses…
UCEDC Secures $40,000 Funding to Support Underserved Entrepreneurs
CRANFORD, N.J., August 4, 2017 — UCEDC, a statewide nonprofit economic development corporation, has received a $40,000 grant from the Wells Fargo Foundation to support its small business development initiative in underserved New Jersey communities. “Our team is committed to…
EDA-UCEDC Partnership Helps Union County Entrepreneur Launch Artists’ Haven
The former VFW Hall (Veterans of Foreign Wars) in Garwood is nearly unrecognizable since its transformation into a 3,000-square-foot creative, cooperative community art space. Founded by Sharon Reed, an award-winning oil painter and daughter of an art teacher, South Avenue…
UCEDC Partners with Hudson County to Launch “Million Dollar Challenge”
UCEDC has partnered with the Hudson County EDC to bring $1 million in affordable loans to start-up and established businesses throughout Hudson County.
Master Tailor Wins UCEDC/Capital One Bank “Quick Pitch” Business Competition
Joseph Genuardi, owner of Genuardi Master Tailor, a hand-tailored custom clothing shop in Hoboken, took first place in the recent Quick Pitch Business Competition, sponsored by UCEDC, a statewide nonprofit economic development corporation and Capital One Bank. The Quick Pitch…
UCEDC Among Top Small Business Lenders in US
UCEDC, a NJ-based nonprofit economic development corporation and SBA lender, has been recognized by the US Small Business Administration’s (SBA) Office of Economic Opportunity as one of the top 15 lenders to small and disadvantaged businesses in the US. The…
UCEDC Receives $1.4 Million Grant from CDFI for Small Business Lending
UCEDC, a statewide nonprofit economic development corporation, has received a $1.4 million grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The award was made in recognition of UCEDC’s lending activities in low-income and…
Zero-Percent Working Capital Loans Available for Women-Owned Businesses
Women business owners in Union County can now access zero-percent working capital financing, thanks to a new loan program launched by UCEDC, a nonprofit economic development corporation. The unprecedented interest elimination on loans up to $25,000 is made possible by…
UCEDC Announces Loan Sale for Women-Owned Businesses
UCEDC, a nonprofit economic development corporation, has announced the availability of a special discounted interest rate loan program for women-owned businesses (WOB). Start-up and established WOBs can get financing up to $50,000 at fixed interest rates that have been reduced…