Celebrating 50 Years of Excellence
HEDCO, Inc.: Transforming Communities Since 1975
Join us as we commemorate five decades of empowering businesses and fostering community growth.
Our Journey
For 50 years, HEDCO, Inc. has been at the forefront of community transformation. Our mission has always been to support and nurture small businesses, helping them thrive and contribute to the economic development of their communities. Since our inception in 1975, we have provided invaluable resources, mentorship, and financial assistance to countless entrepreneurs, ensuring their success and sustainability. Our commitment to excellence and innovation has made us a trusted partner in business development and community enhancement.
Our Milestones
Key achievements and milestones in HEDCO, Inc.’s history.
Foundation of HEDCO, Inc.
Hartford Economic Development Corporation (HEDCO) was incorporated as a Small Business Technical Assistance Agency. Founded in March 1975, by Urban Planner, Warren Lueteritz.
Partnering with Hartford for Economic Growth
In 1980 HEDCO began partnering with the City of Hartford Community Development Block Grant (CDBG) program to enhance economic growth. The grants provided enabled small businesses to grow and thrive, creating jobs for local communities.
SBA Funding
Hartford Economic Development Corporation began lending for SBA and Corporate Funding.
Supporting Neighborhood Economic Development
In 1985 HEDCO began supporting the Neighborhood Economic Development Fund (NEDF) established by the Department of Economic and Community Development (DECD) with fund administration, low interest loans and capacity building. By administering the funds and providing services, HEDCO ensured that the NEDF had a tangible and lasting impact on Hartford and beyond.
Empowering Non-Profits Through Low-Interest Loans
In 1990 The Hartford Foundation for Public Giving established the Non-Profit (NPRLF) that is administered by HEDCO and offers low interest loans/lines of credit to organizations in the Greater Hartford region.
Launch of Business Resource Center
Hartford Economic Development Corporation launched a one-step Business Resource Center (BRC) that offers technical assistance, training, workshops, and a business incubator program to ensure small businesses and entrepreneurs, create and develop a sustainable business model.
Hartford Economic Development Corporation becomes HEDCO Inc.
Hartford Economic Development Corporation and the Greater Hartford Business Development Center, merge and became HEDCO, Inc. on June 1st, 2011.
Advancing Minority and Women-Owned Businesses
The Department of Economic and Community Development developed a Minority Business Revolving Loan Fund (MBRLF) in 2015 that is administered through the HEDCO. This fund provides loans and lines of credit to Connecticut businesses owned by minorities and/or women.
COVID Relief
The COVID Relief Program underwritten by HEDCO Inc. in 2020 provided a zero-interest line of credit up to $20,000 for minority and women-owned small businesses negatively impacted by the coronavirus pandemic.
Testimonials
HEDCO is an amazing resource for the small business community. If you need a loan, technical assistance, information or a referral, HEDCO is your one-stop shop for everything business. As an attorney, I make sure that all of my clients are aware of HEDCO’s vast product and service offerings. If you’re in business, HEDCO can help.
Tony Jorgensen
Lisa Hamel
Owner, Wine Etc.
HEDCO is the reason my business exists. I was able to secure working capital to launch my 2020 business at an affordable rate. HEDCO has helped me feel more empowered.
Typhanie Winfield-Alexander
Owner, Momentum Life Mastery Coaching
I received the $5000 HEDCO Technology Grant and immediately put it to use for all of my tech needs. I’m eternally thankful for the opportunity and process.
Latoya Brown-Clayton
Owner, Lifetime Center
I am tremendously appreciative of the grant I received from HEDCO earlier this year. Their support could not have come at a better time for my small business for the first time applying.
Legacy Sponsor:
Legacy Sponsor:
Community Sponsor:
Supporter Sponsors
Friends of HEDCO Sponsors
In Kind Sponsor
Our Achievements
2010
Leadership Award
Presented to: The Business Resource Center
In Recognition of its implementation of a Small Contractor Training and Development Certificate Program in the Greater Hartford CT Region.
Presented by:
U.S. Department of Commerce Minority Business Development Agency
2020
Excellence in Business Support
HEDCO Inc. awarded a 25 million dollar Minority Business Revolving Loan Fund (MBRLF) program through the State of CT DECD.
2020
Innovation in Economic Development
Partnered with the State of CT DECD and the Connecticut Minority Business Initiative to administer a 5 million dollar grant program to support small businesses affected by COVID-19.
Our Impact In Numbers
%
Success Rate: Entrepreneurs growing sustainably
%
Minority-Owned: Funding for minority businesses.
%
Annual Growth: Community business impact.
%
Women-Owned: Supporting women-led businesses.
%
Satisfaction Rate: Positive feedback from our clients.
Connect and Celebrate with Us:
Join us as we continue our journey! Receive updates, exclusive insights, and be the first to know about upcoming events. Together, let’s celebrate 50 years of empowering businesses and building vibrant communities.
Join the Celebration!
Be a part of HEDCO, Inc.’s 50-year legacy of transforming communities. Your participation can help us continue to make a difference. Join us in celebrating this milestone and contribute to our mission of empowering businesses and fostering growth.
