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The Economic Development & Industrial Corporation of Lynn (EDIC/Lynn)

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  • A non-profit corporation functioning as the City of Lynn’s development bank
  • Provides financing to the businesses within the city
  • Financing tools available at a very attractive rate

About

The Economic Development & Industrial Corporation of Lynn has a rich history providing financing to the businesses within the City of Lynn. Through innovative programs, EDIC/Lynn is able to put financing tools into the marketplace that allows for capital to become available at very attractive rates.

Who’s it for

For businesses in the City of Lynn.

Mission

Since 1977, EDIC/Lynn has strengthened Lynn’s economy by encouraging existing companies to expand or new companies to relocate into the City. Simply stated, EDIC/Lynn has all the financial tools and capabilities from the public sector’s vantage point that private developers need at their disposal.

Resources & Services

Loan Programs

More than $7.75 million in loans through EDIC/Lynn has generated more than $26.5 million in private capital, which has led to the creation or retention of more than 1,000 jobs.

Technical Assistance

EDIC/Lynn has a variety of resources offering hands-on counseling and information to assist the business in opening their business. The organization can also assist businesses with finding potential tax incentives and connect them with an extensive network of brokers, management companies and owners of industrial and commercial properties to assist with site searches.

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