A New Leaf, based in Mesa, and Neighborhood Economic Development Corporation (NEDCO) have completed an agreement of affiliation, joining together operationally to better serve low and moderate income individuals and communities. As an affiliate of A New Leaf, NEDCO will receive administrative and corporate support from A New Leaf while expanding its service portfolio of business loans, economic development, and small business start-up activity for the Valley.
NEDCO is a 501(c)3 organization and is a certified Community Development Financial Institution. Since 1997, NEDCO has provided business loans, placemaking and financial support for low and moderate income individuals. NEDCO collaborates and partners with local municipalities, businesses, developers and other institutions to meet community development goals in the metro area. The affiliation with A New Leaf will provide additional support to NEDCO’s day-to-day operations, from administration to information technology to planning and finance.
“The affiliation with A New Leaf offers an exciting opportunity to further inspire and support individuals and business in low to moderate income areas,” said NEDCO Board Chair Diane Warner. “The affiliation will allow the combined organizations to integrate resources and projects to create a singular platform for sustainable community and economic development goals in the local community.”
Improving efforts to fight poverty in central Arizona is of utmost priority to both organizations “Together, A New Leaf and NEDCO will form an anti-poverty spear that pierces through the wall of economic stagnation,” said A New Leaf’s CEO Michael Hughes. “Our interest is to help families in crisis, improve financial literacy, create jobs and spur neighborhood revitalization through small business investment. The goal is better outcomes for both the individual and the community.”
A New Leaf also operates MesaCAN and the La Mesita Financial Opportunities Center, both of which serve low income individuals with financial literacy classes, coaching, debt repair work, savings plans and home ownership education. A New Leaf is a 45-year community nonprofit organization, providing housing, health and community services to residents of Maricopa County.