Jean Wojtowicz, executive director of the Indiana Statewide Certified Development Corp., has been elected to chair the National Association of Development Companies, or NADCO, board of directors.
There are 270 certified development companies, or CDCs, in the United States that work with local banks to deliver business expansion loans from the U.S. Small Business Administration’s 504 loan program. NADCO is their trade organization. Its board chair presides over meetings, and oversees board actions and the organization’s general administration.
NADCO and the SBA are currently focused on interpreting elements of the federal stimulus package that affect commercial lenders and borrowers. Congress gave the SBA more than $700 million, $375 million of which is being used for business expansion loans and reduced loan fees.
Small business gets new green certification
The Michigan City-based Institute for Green Business Certification Inc. has established a new green certification for small businesses.
Using an audit with over 220 questions, IGBC evaluates the green initiatives of a business in 10 major categories: waste reduction, recycling, reduction in office material usage, purchasing, energy saving, water conservation, pollution prevention, reduction in chemical usage, proper handling of pollutants, and reduced emissions.
For more information about the green certification, visit www.USGreenBusiness-Certification.org.