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Fund Profile:
ECD Investments, LLC (Enterprise Corporation of the Delta)
308 East Pearl Street, Suite 400, Jackson, MI 39201
Telephone: (601) 944-1100
Fax: (601) 944-0808
Website: www.ecd.org
Email: info@ecd.org
Key Personnel:
William Bynum, President and CEO
Alan Branson, VP for Programs (Manager of VC Program)
Dennis Manshack, Venture Investment Officer
Established: 1997
Total Committed Capital: $8.2 million
Amount Invested: $6.7 million (1.6 in equity investments)
Geographic Focus: the 56 counties and parishes that make up the Delta regions of Arkansas, Louisiana and Mississippi.
Background
ECDI provides equity, near-equity and debt to businesses located in the 56 counties and parishes that make up the Delta regions of Arkansas, Louisiana and Mississippi. The fund makes investments in companies that offer good wages, benefits, and training opportunities to their workers. ECDI, in exchange for providing financing, can take an equity position in certain companies (usually a minority ownership position) in a wide variety of forms, guided by its analysis of which equity investment terms best suit the needs of each venture and whether an equity position offers a realistic prospect for capital gain. The fund is a program of the Enterprise Corporation of the Delta and has a range of Commercial Finance products, Technical Assistance programs, and other programs in conjunction with area partners.
Social Mission
ECD is a nonprofit business development organization whose primary mission is to improve the quality of life for low and moderate-income residents of the Delta and rural regions of Arkansas, Louisiana, and Mississippi.
Investment Information
The Fund invests in businesses located in the Mississippi River Delta and rural regions of Arkansas, Louisiana, and Mississippi. ECD Investments will invest in all industries, at all stages of development, and typically makes investments of between $50,000 and $1 million.
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