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Featured News Article

VEDC Forms National Microfinance Fund with Grant from Sam's Club Giving Program

VEDC announced today that thanks to a $2 million grant from the Sam's Club Giving Program, they will leverage the formation of a $20 million National Microfinance Fund (NMF) to expand their small business loan portfolio to include lending to micro-lenders across the country. The NMF will begin rolling out in California and expand as far as Nevada, Utah, Arizona and Oregon in the initial stages.

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Workshops and Events

Date & Time: 10/28/2015 5:30 PM(UTC - 08:00)

VEDC Bakersfield Capital Access Center 1-Year Anniversary

Join VEDC in celebrating the 1-year anniversary of our Bakersfield Capital Access Center! Light refreshments will be provided.

Local Business Opportunity Funds

By making $35 million in capital available to small business owners, as well as additional multi-year grant funding, UBS has made it possible for VEDC to lend nationally. VEDC's growing footprint enables small businesses, banks and foundations to work with one experienced partner and have a greater impact. Through these UBS supported Business Opportunity Funds, loans are available for small business owners in California, Connecticut, New Jersey, New York, Florida, Illinois, Nevada and Utah.

Working in partnership the UBS initiative, Elevating Entrepreneurs (EE), we aim to empower under-resourced, high-potential small business owners in communities across the United States with access to resources that are seldom available to companies of their size. Through this program, UBS provides small business owners with high-impact business mentoring, access to capital as well as education and networking opportunities to help them grow their companies, create jobs and develop more enterprising local communities.


VEDC is a proud member of the Opportunity Finance Network.*

Opportunity Finance Network

*the leading national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth, and other disadvantaged communities across America.