AEDC's
Commitment:
Through
real estate
development,
business
development
and the
promotion
of entrepreneurship
we will
improve
the quality
of life,
the value
of property
and increase
the number
of opportunities
available
to the residents
and business
owners of
the Anacostia/East
of the River.
Company
Profile:
Founded
in 1969
as a business
development
assistance
agency,
AEDC was
reorganized
as a CDC
under Title
VII of the
amended
1964 Economic
Opportunity
Act (EOA)
in 1975.
Since that
time, AEDC
has pursued
a multifaceted
economic
development
program
designed
to help
strengthen
the economic
base of
the Anacostia/East
of the River
Community.
To date,
the program
has placed
major emphasis
on housing
rehabilitation,
commercial
revitalization
(including
small/minority
business
assistance)
and venture
development.
Throughout
the years,
AEDC has
developed
single and
multi-family
housing,
neighborhood
retail office
projects
and a shopping
center to
serve residents
who live
east of
the Anacostia
River in
Washington
DC.
Our
Mission:
It
is the stated
mission
of the Anacostia
Economic
Development
Corporation
(AEDC) to
improve
the quality-of-life
circumstances
of District
of Columbia
residents,
specifically
residents
of the Anacostia
and East
of the River
neighborhoods,
by the subscription
to, and
utilization
of, the
following
six (6)
meaningful
objectives:
EXPAND
the
range
of housing
and
home
ownership
opportunities
for
District
of Columbia
residents
through
the
construction
of new
affordably
priced
single
family
residential
units
and
the
renovation
of existing
residential
units.
PROMOTE
and
participate
in the
revitalization
of the
community’s
commercial
corridors,
important
commercial
facilities
and
commercial
neighborhoods.
DEVELOP
supportive
services
and
programs
for
small
businesses
located,
or desiring
to relocate
or expand,
in the
East
of the
River
area,
and
develop
new
ventures
which
will
provide
residents
with
additional
employment
and
investment
opportunities.
INITIATE
programs
which
provide
financial,
managerial
and
technical
assistance
to start,
expand
or relocate
businesses
in the
District
and
to provide
and
improve
employment
and
ownership
opportunities
for
residents
of the
AEDC
service
area.
COORDINATE
activities
with
other
local
citizen
groups,
community
organizations
and
institutions
to improve
community
facilities
and
public
services.
PURSUE
the
development
of opportunities
which
will
enable
the
AEDC
to address
the
above
stated
objectives,
and
to identify
and
undertake
activities
that
will
allow
the
AEDC
to continue
to move
toward
self-
sufficient
and
self-sustaining
operations.
