Overview
What is Rutland Economic Development Corp?
Rutland Economic Development Corp, operating under the name Chamber & Economic Development of the Rutland Region (CEDRR), is a dedicated nonprofit organization based in Rutland, Vermont. Their primary goal is to foster business growth in the region by facilitating expansion, relocation, and retention of businesses. They achieve this by creating strategic partnerships and providing technical assistance for starting and growing small businesses, offering fixed-rate loans through their Revolving Loan Fund, and collaborating with organizations like the Vermont Economic Development Authority (VEDA) and the U.S. Small Business Administration (SBA). CEDRR also offers various support services, such as workforce training, business planning, and resources for business financing. By hosting events and serving as a hub of resources, they aim to promote vibrant neighborhoods and enhance the quality of life in Rutland County. To further their mission, they launched Real Rutland, an initiative to increase the workforce and population of the county to support business growth.
Official website here: www.rutlandvermont.com
What do the Facebook reviews say about Rutland Economic Development Corp?
92% of the 12 reviewers on Facebook recommend Rutland Economic Development Corp. Here's a concise overview of their insights:
Many reviewers express a strong sense of support for the organization, noting its positive impact on the local economy. Their comments highlight the commitment of Rutland Economic Development Corp to empower businesses and foster economic growth in the area.
Overall, there's a shared sentiment that the nonprofit delivers on its promises, with users appreciating the actions taken towards enhancing economic opportunities in Rutland. The enthusiasm shown by supporters reflects a thriving belief in the mission and effectiveness of the organization.
This AI summary has been generated from reviews found on Facebook.
Is Rutland Economic Development Corp legitimate?
Rutland Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rutland Economic Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,201
For more financial information, click here
Official website here: www.rutlandvermont.com
What is the mission statement of Rutland Economic Development Corp?
The Rutland Economic Development Corp's mission is to foster a conducive business environment for growth by attracting and retaining various types of businesses and talent. They aim to achieve this by utilizing collaboration, creativity, and ingenuity. Additionally, the corporation bridges the gap between community and cultural organizations, promoting healthy and vibrant neighborhoods and ultimately enhancing the quality of life in the community. Their objectives include recruiting businesses and talent, growing and retaining employers, and contributing to the betterment of the community as a whole.
Official website here: www.rutlandvermont.com
Who is the CEO of Rutland Economic Development Corp?
Lyle Jepson is the Executive Di of Rutland Economic Development Corp.
Official website here: www.rutlandvermont.com
What is the revenue of Rutland Economic Development Corp?
Rutland Economic Development Corp's revenue in 2022 was $962,268.
Official website here: www.rutlandvermont.com
Who are the executives of Rutland Economic Development Corp and what are their salaries?
The average compensation at Rutland Economic Development Corp during 2022 was $53,314. There are 7 employees and 50 volunteers at Rutland Economic Development Corp.
Here are 22 key members and their salaries:
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Official website here: www.rutlandvermont.com
Where can I find the form 990 for Rutland Economic Development Corp?
Rutland Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rutlandvermont.com
Learn more at the official website: www.rutlandvermont.com
Mission Statement of Rutland Economic Development Corp
Rutland Economic Development Corp, a dynamic organization, employs collaboration, creativity, and ingenuity to establish a conducive regional economic climate for businesses. Their primary objective is to attract and retain various types of businesses and talent, fostering growth within the business sector. Furthermore, they serve as a bridge connecting businesses with community and cultural organizations, promoting healthy and vibrant neighborhoods and enhancing the overall quality of life in Rutland County. By doing so, they contribute to the creation of a thriving economic environment, ultimately benefiting the community as a whole.
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Impact
October, 2024
Rutland Economic Development Corp (CEDRR) significantly enhances the economic landscape of Rutland County through a multifaceted approach aimed at fostering business growth and community vitality. By prioritizing collaboration, creativity, and ingenuity, CEDRR cultivates a regional environment that attracts diverse businesses and talent.
One core function of CEDRR is facilitating the expansion, relocation, and retention of businesses. Through strategic partnerships and alliances, they provide essential technical assistance, empowering small businesses with resources and support needed for success. Their revolving loan fund, offering loans ranging from $5,000 to $250,000, exemplifies this commitment, allowing businesses to access capital that is reinvested in the community as loans are repaid.
CEDRR also addresses workforce challenges by offering tailored workforce training and development programs. This initiative includes business planning support, job postings, and internship opportunities, all designed to equip local businesses with a skilled workforce, thereby fostering better job prospects and economic resilience in the region.
A pivotal aspect of their impact is the Real Rutland initiative, launched to boost workforce and population growth in the county. This initiative has successfully facilitated the relocation of over 100 individuals, demonstrating CEDRR's dedication to building vibrant communities by increasing residency and engagement in the area.
Through community-centric events and activities, CEDRR acts as a hub of resources for residents and businesses alike, aiming to connect them with local cultural and community organizations. This not only promotes healthy neighborhoods but also enriches the overall quality of life in Rutland County. Overall, Rutland Economic Development Corp is a key player in driving economic development, ensuring that the region thrives as a place for both businesses and individuals to prosper.
This information is meant to be a general summary of Rutland Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23,982
- Program Service Revenue: $235,701
- Gross Receipts: $1,041,991
Assets and Liabilities:
- Total Assets: $2,569,298
- Total Liabilities: $815,494
- Net Assets: $1,753,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$235,701
Organization Details
Founding Year
1977
Phone
(802) 773-2747Principal Officer
Lyle Jepson
Main Address
50 MERCHANTS ROW, RUTLAND, VT, 05701
Website
www.rutlandvermont.comNTEE Category
Code: S31 - Community improvement
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