What does EDIC mean in COMPANIES & FIRMS
EDIC stands for Economic Development and Industrial Corporation. It is a non-profit organization that focuses on promoting economic development and supporting businesses within a specific region. EDICs provide a range of services to businesses, including:
EDIC meaning in Companies & Firms in Business
EDIC mostly used in an acronym Companies & Firms in Category Business that means Economic Development and Industrial Corporation
Shorthand: EDIC,
Full Form: Economic Development and Industrial Corporation
For more information of "Economic Development and Industrial Corporation", see the section below.
- Business financing
- Site selection
- Technical assistance
- Marketing and promotion
- Workforce development
Functions of EDIC
- Attract new businesses: EDICs work to attract new businesses to their region by providing incentives and support services.
- Support existing businesses: EDICs assist existing businesses in their region by providing access to financing, technical assistance, and other resources.
- Promote economic development: EDICs work with local governments and other stakeholders to develop and implement economic development strategies.
- Create jobs: EDICs focus on creating jobs in their region by supporting businesses and promoting economic growth.
- Improve the quality of life: EDICs believe that economic development can lead to a better quality of life for residents in their region.
Services Offered by EDIC
- Business Loans: EDICs offer business loans to help companies start, expand, or relocate their operations.
- Site Selection: EDICs help businesses find the best location for their operations, based on factors such as cost, workforce availability, and accessibility.
- Technical Assistance: EDICs provide technical assistance to businesses in a variety of areas, such as business planning, marketing, and production.
- Marketing and Promotion: EDICs help businesses market and promote their products and services.
- Workforce Development: EDICs work with businesses and educational institutions to develop and implement workforce development programs.
Essential Questions and Answers on Economic Development and Industrial Corporation in "BUSINESS»FIRMS"
What is EDIC?
The Economic Development and Industrial Corporation (EDIC) is a public agency in Hawaii that promotes economic growth and diversification by supporting businesses and industries.
What services does EDIC provide?
EDIC offers a range of services to businesses, including financial assistance, technical support, business counseling, and real estate development.
Who is eligible for EDIC assistance?
Companies and organizations operating in or seeking to expand into Hawaii may be eligible for EDIC assistance.
How can I apply for EDIC assistance?
Applications for EDIC assistance can be found on the agency's website or by contacting their office.
What are the benefits of working with EDIC?
Working with EDIC can provide businesses with access to funding, expertise, and resources to help them succeed in the Hawaiian market.
How does EDIC contribute to the Hawaiian economy?
EDIC plays a vital role in the state's economic development by supporting businesses, creating jobs, and attracting investment to Hawaii.
What is EDIC's mission statement?
EDIC's mission is to "promote economic growth and diversification in Hawaii by providing financial and technical assistance to businesses and industries."
Where can I find more information about EDIC?
For more information about EDIC, please visit their website at www.edic.org or call their office at (808) 586-2400.
Final Words: EDICs are important organizations that play a vital role in promoting economic development and supporting businesses. By providing a range of services, EDICs help businesses start, grow, and succeed.