ADMINISTRATION OF A REVOLVING LOAN FUND. OUR MISSION IS TO PROVIDE LOANS TO BUSINESSES IN THE AREA BY ISSUING GAP FINANCING IN ORDER TO LEVERAGE LOANS FROM BANKS AND GRANTS FROM THE STATE. OUR OBJECTIVE IS TO USE THESE LOANS TO INCREASE THE EMPLOYMENT BASE IN THE AREA. IN ADDITION, WE ALSO PROVIDED FORGIVABLE LOANS TO BUSINESSES IN WAPELLO COUNTY, THESE FORGIVABLE LOANS ARE MADE IN ORDER TO INCREASE BUSINESS AND EMPLOYMENT IN THE AREA.
Reported officers (all unpaid)
No paid executives reported in 2023. REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported 10 unpaid officers and board members on its 990.
Revenue and expenses over time
REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported revenue and expenses across 2 filing years.
What Community Improvement & Capacity Building executives earn
REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization nationwide earns a median of $74,928.
These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 2,512 organizations across 2,512 filings (2021 – 2023).
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