Celebrating 50 Years
Celebrating 50 Years of Transforming Communities, One Business at a Time 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
1975
Foundation of HEDCO, Inc.
Hartford Economic Development Corporation (HEDCo) was incorperated as a Small Business Technical Assistance Agency. Founded in March 2025, by Urban Planner, Warren Lueteritz.
1984
SBA Funding
Hartford Economic Development Corporation began lending for SBA and Corporate Funding.
2007
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.
2011
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.
2020
COVID Relief
Introduced COVID Relief Program underwritten by HEDCO Inc. to provide a zero-interest line of credit up to $20,000 for minority- and women-owned small businesses, that were negatively impacted by the coronavirus pandemic.
Tony Jorgensen
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.
Lisa Hamel
Owner, Wine Etc.
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.
Typhanie Winfield-Alexander
Owner, Momentum Life Mastery Coaching
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.
Latoya Brown-Clayton
Owner, Lifetime Center
Upcoming Events
Webinar de Estados Financeros
October 15, 2024
5 Ways to Grow Your Business
October 23, 2024
OSHA 10-Hour Construction Training Class
October 28, 2024
$20
50th Anniversary Gala
March 2025
TBA
Our Achievements
2011
Champion in Action
Citizens Bank in Connecticut named HEDCO as its newest Champion in Action
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.
2021
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.
