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EDFC Direct Public Offering
Local investments in Mendocino County generate more economic benefits than globally owned businesses. The Economic Development Finance Corp. (EDFC) allows residents to invest in local projects through a direct public offering of promissory notes. Investing provides both community impact and financial returns, as EDFC uses funds to vetted sustainable projects like a wool processing facility, meat plant, and biomass utilization. EDFC is a nonprofit with 20 years experience making loans to create prosperity in Lake and Mendocino Counties.
EDFC Direct Public Offering
- 1. Local Investment: Move YourMoney into Mendocino August 4, 2015
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- 3. Why Invest Local LocalBusinesses generate 2 to 4 times more economic benefit than globally owned – measured in income, wealth, jobs and tax revenue.
- 4. Investing in Lake& Mendocino Counties Lack of local credible investment mechanisms
- 5. Direct public offering Aproven tool to move your money locally Securities offering Allows all income levels to invest
- 6. Benefits to theInvestor Community Impact balanced with Financial Gain No need to find, vet or service projects
- 7. Our mission Connecting moneyand ideas with entrepreneurs to create sustainable prosperity in Lake and Mendocino Counties
- 8. Why Invest withEDFC 501(c)3 Non-Profit with 20 years lending experience: 68 loans; $4.2 million Certified Community Development Financial Institution (CDFI) Programs and grants to mitigate loan loss Oversight of 21 community members
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- 10. How it works Youare loaning money to the DPO fund EDFC uses funds for projects vetted by the Board of Directors & Loan Committee Projects could include: Wool Processing Facility Meat Processing Plant Local Farms Alternative Energy
- 11. Who Can Invest? Anyonein California can invest up to $2,500 Larger investments are based on Net Worth and Income Investing in the promissory notes described may be considered speculative and involves risk, including the risk of a substantial loss of investment. Please see “Risk Factors” starting on page 9 of Offering Memorandum to read about the risks you should consider before investing.
- 12. The offering Up to$1,000,000 of unsecured subordinated promissory notes 6 year term with 2% interest rate per year: interest only with payment of principal at end of term NOTE: interest is deferred for the first 2 year, and paid over remaining 4 years
- 13. Real Impact A resourceful,abundant, creative community A legacy for future generations
- 14. Mendocino Wool &Fiber Plant
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- 17. Contact EDFC toInvest John Kuhry Executive Director 707.467.5953 john@edfc.org. www.edfc.org
Editor's Notes
- #2 John Kuhry – Economic Development and Financing Corporation. Came to the County in 2007 to run AVBC until EDFC BHAG – Localization – Buy Local -
- #3 Investing local – Money invested local has a social multiplier 2008 – diversify from wall st – Movement from large banks
- #4 Investing local – Money invested local has a social multiplier 2008 – diversify from wall st – Movement from large banks
- #5 Non-accredited
- #6 Stems from need for Meat Processing & Conversations with community
- #7 EDFC accesses more, less restrictive capital
- #8 We are social entrepreneurs