Boston Local Development Corporation

Boston Local Development Corporation (BLDC) is a nonprofit organization situated at 43 Hawkins Street, Boston, MA 02114. Its primary mission is to positively impact the local community by fostering increased employment opportunities and promoting business and industrial expansion for the citizens of Boston. To achieve this, BLDC collaborates with its affiliate, EDIC, to manage a revolving loan fund. This fund, serviced in 2022, offers long-term financing to businesses and companies based in Boston, Massachusetts, thereby contributing to the city's economic growth and development.

Boston Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Local Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $117,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

The Boston Local Development Corporation is committed to serving the community by fostering increased employment opportunities and expanding businesses and industries. They achieve this by providing long-term financing to firms and companies within their jurisdiction. To promote industrial and economic development and job growth, the corporation subcontracts with its affiliate to administer a revolving loan fund. In fiscal year 2022, 34 revolving loans were serviced by the corporation.

John E Marston is the President of Boston Local Development Corporation.

Boston Local Development Corporation's revenue in 2022 was $1,383,525.

The Boston Local Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here