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The Economic Development Collaborative-Ventura County (EDC-VC) works to maintain the county's economic health and vitality. A regional public/private economic development organization, the EDC-VC delivers programs that promote jobs and economic growth, and raise overall productivity and incomes. The EDC-VC is a community-based lender and operates three separate loan funds that are available to Ventura County businesses. The EDC-VC Revolving Loan Fund is a county-wide program that provides funding for a wide range of eligible businesses. With loans ranging from $20,000 to more than $200,000, EDC-VC assists local businesses to ensure they thrive in a competitive economy. The EDC-VC Business Loan Fund is also offered by EDC-VC to help defense and defense-related businesses create commercial, civilian and nonmilitary applications for their technology or products. The six core business clusters covered by EDC-VC business loan funds include: Agriculture, Biomedical, Environmental, High technology/communications, Metals/machinery, and Plastics. The Collaborative has 26 years improving the regional economy: assisting 32,851 businesses; supporting, retaining and creating 67,252 jobs; and funding $22,712,012 in loans and $25,000,000 in venture capital.
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