News

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…

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 has partnered with the Hudson County EDC to bring $1 million in affordable loans to start-up and established businesses throughout Hudson County.

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, 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, 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…

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, 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…

(CRANFORD, NJ) Small businesses throughout New Jersey now have access to low-interest, no collateral financing for working capital and debt reduction thanks to UCEDC’s new 3% working capital loan program. UCEDC, a statewide nonprofit economic development corporation, is offering up…

UCEDC, a nonprofit economic development corporation, has received a $1.361 million Financial Assistance award from the US Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund, in recognition of its work in supporting small business development in underserved communities.…