Economic Development & Industrial Corporation o…
About
The Economic Development & Industrial Corporation of Lynn, known as EDIC/Lynn, is a nonprofit that serves as the City of Lynn’s development bank. It puts financing tools into the local marketplace so that capital is available to businesses at attractive rates, and it works to encourage existing companies to expand and new ones to relocate to the city. Its clients range from established manufacturers and commercial property owners to first-time entrepreneurs and neighborhood small businesses.
Beyond lending, the corporation offers technical assistance, business development services and strategic partnerships aimed at helping companies start, grow and succeed in Lynn. It works alongside the City of Lynn, local organizations and the business community as new investment and development arrive across the city’s neighborhoods. Business owners looking to expand an operation, redevelop a property, access financing or connect with local resources can turn to it as a public-sector partner with the tools private developers need.
What to Know
- EDIC/Lynn was established under a state mandate in 1977.
- It has served businesses, developers and property owners in Lynn for nearly five decades.
- Lynn joined Salem, Beverly, Peabody, Swampscott and Marblehead in 2021 to launch the North Shore Diversity Catalog, a registry for minority- and women-owned businesses.
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