Greater Eastern Oregon Development Corporation

The Greater Eastern Oregon Development Corporation serves seven counties in eastern Oregon.

Our Mission

The Greater Eastern Oregon Development Corporation (GEODC) is a regional economic development membership organization charged with supporting job creation by helping to create, retain and expand businesses in the region. This is accomplished, in part, by assisting local government to develop human and physical infrastructure to support community, economic and business development

Vision Statement

Bringing economic prosperity to everyone in the Greater Eastern Oregon Development Corporation service region.

History

Local public officials, business people, bankers and other private citizens worked cooperatively to form GEODC as a private non-profit corporation in June 1982. Since 1982, GEODC has administered the Small Business Administration 504 loan program in eight counties in Eastern Oregon.

The U.S. Department of Commerce, Economic Development Administration (EDA), designated GEODC as a federal Economic Development District. The district serves Gilliam, Grant, Morrow, Umatilla, Wheeler, Harney and Malheur counties. As part of the designation process, GEODC assumed responsibility for the EDA Revolving Loan Fund.

GEODC has enhanced its portfolio of loan products by borrowing over three million dollars from the U.S. Department of Agriculture, Rural Development, to administer the Intermediary Relending Program. Several small Revolving Loan Funds exist as well, each serving all or part of the GEODC region.

In addition, GEODC provides staffing support to Regional Investment Boards and Regional Partnerships located throughout the region. Facilitation and administration are other duties in which GEODC conducts under contract.