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Mayor David N. Cicilline, Chairman                  Thomas E. Deller, Acting President

PEDP Programs

Technical Assistance

PEDP provides assistance on a range of matters including site selection, workforce development & training, sourcing local customers and suppliers, access to government services, entrepreneurship skills, access to traditional and non-traditional finance and other areas of technical assistance.
These services are provided both directly and in partnership with the SBA/Small Business Development Center, Greater Providence Chamber of Commerce, Rhode Island Economic Development Corporation, SCORE, ACCION and other organizations.

PEDP Revolving Loan Fund

The RLF is a program is designed to encourage job creation and new investment in business ventures located in the City of Providence by providing below-market rate, short term loans for businesses or for projects that have difficulty obtaining conventional commercial financing. The target loan size is $125,000 but larger amounts may be approved based upon the program criteria and the value of the project to local economy.

PEDP Micro Loan Program

The Micro Loan Program was developed to provide access to capital for disadvantaged small businesses and help build a diverse economy in the City of Providence. Loans of between $1,000 and $10,000 are available for eligible borrowers. The target applicants are start-up and existing small businesses (5 full-time employees or less), and minority or women-owned businesses

PEDP Storefront Improvement Grant

The Storefront Improvement Grant is a reimbursable matching grant for visible exterior improvements to retail locations throughout Providence. PEDP will provide grants of up to $1800 to match the retailer’s itemized expeditures on signs and awnings.

Art & Culture Revolving Loan Fund

The Art & Culture Revolving Loan Fund is a joint program of the PEDP and the City of Providence Department of Art, Culture and Tourism. The ACRLF provides short-term low interest loans of up to $25,000 to arts organizations with established records of achievement and cash flow.

For more financing resources, please check our
BUSINESS DEVELOPMENT TOOLBOX

Contact Us!

Providence Economic 
Development Partnership, Inc.

400 Westminster Street, 6th floor
Providence, Rhode Island 02903
Tel: 401-351-4300 Fax: 401-351-9533

Thomas E. Deller, Acting President - Ext. 600