Kim Hawkins teaches about HEDCo

For todays MBI classroom presentation we are very proud to introduce Kim Hawkins, the Director of the Business Resource Center at the Hartford Economic Development Company.  Kim’s presentation came at a perfect time as HEDCo’s ability to lend to a wider range of entrepreneurs complimented our previous presentation from Dean Andrews of Bank of America, who spoke extensively on the differences between commercial lenders and community economic development funds.  Kim expounded on the success stories that HEDCo has funded in the past by micro-entrepreneurs who were extended credit they otherwise could not have acquired without their help, and explained why they were able to help these small businesses. Since HEDCo is independent from strict regulations due to their not being a bank that takes deposits, HEDCo has more freedom to invest as they see fit. This allows them to ‘never say no’ to an idea, and they will help develop the business venture’s plan until the investment becomes secure enough through due diligence to deserve a loan. Kim, thank you very much for your enlightening presentation and all that you have done for enabling Hartford’s economy!