About VEDC

VEDC (Valley Economic Development Center) is a leading non-profit small business lender that has a 40 year history of changing the way small business lending is done by making it more available and impactful. With a growing footprint, VEDC has lent $400 million in direct and guaranteed loans to over 108,000 small businesses to create and retain more than 200,600 new jobs. VEDC’s mission, as a certified Community Development Financial Institution (CDFI), is to help create jobs and promote small business development in under-served communities. The organization provides loans and micro-financing options to small businesses, particularly those owned by women and minorities, that don’t qualify for traditional financing. VEDC’s expanding portfolio is composed of community-based loan funds in California, Illinois, Nevada, Utah, New Jersey, Connecticut, Florida and New York.

Our Mission

Our Vision

To create and sustain jobs and businesses in our communities by providing high-quality small business development services.
Enriching communities by making small business dreams a reality.

Meet Our Board

Our dedicated board members help keep us strong and secure.
Nishen Radia
Nishen Radia

Chairman

Focal Point Partners

Scott Aney
Scott Aney

Vice-Chairman

City National Bank

Anne Williams
Anne Williams

Secretary

California United Bank

Ariel Berrios
Ariel Berrios

Treasurer

Buchalter Nemer

Pegi Matsuda
Pegi Matsuda

Immediate Past Chair

Valley Presbyterian Hospital

Ron Meraz
Ron Meraz

Southwest UBS Financial Services

Byron K. Reed
Byron K. Reed

Wells Fargo Bank

Manuel A. Rosales
Manuel A. Rosales

Verissimo Global

Dutch Ross
Dutch Ross

Economic Resources Corporation

Shala Tavakoli
Shala Tavakoli

Travelers Insurance

Leandro Tyberg
Leandro Tyberg

Primestor Development

Ray Vasquez
Ray Vasquez

Bank of America, N.A.

Jose Villalobos
Jose Villalobos

Telacu Industries

Clarence Williams
Clarence Williams

California Capital

Mayumi Young
Mayumi Young

Inspire Innovation Co.

John Marquis
John Marquis

Emeritus

Walt Mosher
Walt Mosher

Emeritus

Marvin Selter
Marvin Selter

Emeritus (posthumously)

Mel Kohn
Mel Kohn

Emeritus (posthumously)

Meet Our Executive Management

Our executive management team is committed to providing the highest-quality assistance to small businesses.
Robert Lopez
Robert Lopez

Chief Operating Officer

Robert Dennen
Robert Dennen

Chief Financial Officer

Alex Guerrero
Alex Guerrero

Senior VP of External Affairs

Angela Stanislawski
Angela Stanislawski

VP of Administration and Programs

Rudy Navarro
Rudy Navarro

Chief Credit Officer

Our History

F

ounded in 1976, VEDC is trusted by loan clients, banks that refer clients, and funders across the United States as a vital source of capital for small business loans and micro-financing. VEDC’s goal is to create and sustain jobs and small businesses in the communities it serves. The nonprofit VEDC has earned a reputation for helping small businesses unable to qualify for traditional bank financing. Offering individualized service and reasonable costs, VEDC has loaned more than $400 million to 108,000-plus small businesses and created more than 200,600 jobs.

The Valley Economic Development Center, originally known as Vitalize Van Nuys Inc., today has operations across the United States. In addition to headquarters in Los Angeles, VEDC locations include offices in California, Chicago, Miami, Las Vegas, Utah, and the New York Tri-State area (New York, New Jersey, Connecticut).

2016 Annual Report

Every year, we highlight the work we've done to grow small business all over the country.

This institution is an equal opportunity provider and employer.
We are members of the Opportunity Fund Network. Learn more.

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