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Economic Development Economic Development & Industrial Corporation & Industrial Corporation of Lynn of Lynn 30 Year Celebration! 30 Year Celebration!
Economic Development Economic Development
& Industrial Corporation & Industrial Corporation
of Lynnof Lynn
30 Year Celebration!30 Year Celebration!
Economic Development & Industrial
Corporation of Lynn
• EDIC was created in 1977 by a Special Act of the Legislature
• We are governed by a Board of Directors
• Our Board is appointed by the Mayor
30 Years…
Today EDIC is proud to have….Mary Jane Smalley & Denise Surette
Combined, they have over 45 years of experience at EDIC!!
And in the past year we have added two new staff members:
Pauline Sabino and Bill Bochnak
30 Years…
Let’s look at some former employees of the EDIC….
Stan UsoviczCharlie Demoree
Mary Ankner-UsoviczCharlene Collins
Stan SlepoyEmily Colbert
Donna McNultyMary Clutchey
Hal McGaugheyJackie Clancy
William KyriakakisPat Calnan
Karen KellyAnina Liberty-Butler
Joyce HezikiahWilliam Buckley
Richard FortucciKevin Bransfield
Peter DeVeauFrank Barton
Pauline DennerBob Baker
EDIC works in partnership with
Community Development
Hal McGaugheyDevelopment Director
30 Years….
EDIC was created in 1977
In that period of time there have only been three prior Executive Directors…– Bob Baker
– Bill Kyriakakis
– Peter Deveau
30 Years…
Bob Baker
1977 - 1985
Bill Kyriakakis1985 - 1991
30 Years…
Peter DeVeau1992 - 2007
30 Years…
Let’s look at some people that have been part of EDIC
through the years…
Peter Deveau
Donald Walker
Hal McGaughey
Douglas Stevenson
Steve Harausz
Mary Jane Smalley & Denise Surette
1985 Staff
Charlie Gaeta, Mayor Marino and Bob Baker
30 Years….Our Current Board of Directors:
Lisa Panakio
Ted Smith
Domenic Ferrari
Tyrone Brown
Judy Josephs
Rick Ford
Our Chairman, Charlie Gaeta has been on the Board since 1977!!
Past Board Members
Attorney Mike BarryRobert Dugas
Abner Darby Joseph Scanlon
Paul St. Laurent Gordon Barton
John T. Sweeney David McCoy, Jr.
Hal Bowden Attorney Mark DeJoie
William White Deborah Smith-Walsh
Brian MagraneRichard Coppinger
Richard RehalSteve Duffy
T. Russell Webber Manny Nunez
Robert EmertonJudy Flanagan-Kennedy
Board of Directors 1999
30 Years…
Since 1977 there have been four Mayors in the City of Lynn
Mayor Anthony Marino
Mayor Albert DiVirgilio
Mayor Patrick McManus
Mayor Edward J. ‘Chip’ Clancy, Jr
What does EDIC do??
We offer low interest commercial loans
Today our interest rate is 4.5%
We help new businesses as well as established businesses in Lynn
Did you know???Did you know???
EDIC ownsEDIC owns
Both Harbor Loft BuildingsBoth Harbor Loft Buildings
Did you know???Did you know???EDIC ownsEDIC owns
The JB Blood BuildingThe JB Blood Building
Did you know???Did you know???EDIC ownsEDIC owns
A Commercial PierA Commercial Pier……
Did you Know???Did you Know???
EDIC ownsEDIC owns
The Spring Street Parking LotThe Spring Street Parking Lot
30 Years…
EDIC has been successful in many different ways…
Market Plaza
(1979)
Domenico
(1978)
Empire Laundry…before
Empire Laundry…cleanup
begins
Brownfield Project
Empire Laundry Today!
Carr Leather…BEFORE
Brownfield Project
Carr Leather Site…in progress
today
Lynn Community Health
30 Years…
EDIC has been successful in many different ways…
Here is a list of loans that EDIC has given out over the years….
Liberty Tax ServiceCoulon Vending
Young & CompanyService Calls That’s AllLancelot Janitorial SuppliesContreras Grocery
West Lynn NewsService CallsKari KemptonConsolidated Leather
West Lynn CreameryPrimary Care & Mental HealthJunction DeliCompare Supermarket
VNA Ventures Inc.Primary CareJohn's CeramicsClark Industrial Sales
United WeldingPootatuckJEM Engineering Central Square Therapy
Type By DesignPleasant PolyJack and Jill Hair SalonCaribbean Auto Repair
Tremendous Carpet Cleaning Pizzaria PiccoloIgor's AutoCaps Auto
Traditional BreadsOmar & OscarsHourglass CleanersBroadway Realty Trust
Thermocraft Engineering Olympic AutoHighland FoodsBlueberry Patch
The Mayo GroupNorth Shore Porcelains LabHernandez InsuranceBerridge Pharmacy
Tere's Hair DesignNorth Shore Lawn CareHealth Management ServicesBeden Hardware
Tatiana's RestaurantNorth Shore Heating SupplyGoldblockBeden Hardware
Supreme BakeryMoriarty Oil Burner ServiceFosters DoughnutsArmstrong Machine Company
Superior SteelMonahan PlowingFMC PhotographyAngel Advertising #2
Statler PaintMelbourneE.Z. LandscapingAngel Advertising
Special Line HaulMCS MechanicalDon Baker Real EstateAmerican Power Devices
South Cove CommunityMcLaughlin TransmissionDiversified ProductsAdvanced Auto Sales (Woods)
South Cove CommMcDonough Painter DesignDart WorldACR Electronics
Soul Food After DarkLynnway Truck CenterDart WorldAce-Goodell Hardware
SouhlerisLynn Shore Cycle D.P.R.M.A-1 Exterminators
Sixty Market Street Assoc.Lynn Language Institute D & A CleaningA &G Manufacturing
Sheldon PharmacyLynn Community HealthCranBarry330 Scangas Nominel Trust
EDIC LOANS
Hair Plus BeautyRummel EngineeringSanphy Foot and Ankle
Urban Auto BodyHair PlusThe Shirt ShopPine Hill Playhouse
Union St. CorridorGulu Gulu CaféR.A. ElectronicsMorrill Equipment
Ultra CleaningFowler LandscapingNury's BakeryMerengue Market
Trini Flavah RestaurantFleetwood Multi-MediaThe Meeting PlaceLittle River Inn
Second Life ExhibitsEndless DesignsKalzak Beauty SupplyLead Away
S & J GraphicsDigital ManiaJosephs DeliJudith Bridal
Rosina's FlowersDC HVAC, Inc.Jazzy SportswearJiminez Market
Radiant Styles Hair SalonCovert TVHandcom Air ConditioningJay's Beauty
Raices Hair SalonCentral Sq. TherapyGenesis TravelH&T Tax
Print USA 2Breeze Hair StudioGarden PathFree Wind Travel
Peterson ConstructionBeef WorldCrystal CleanersEvanthia's
Omar & OscarsBeden HardwareAdmerican RadioDuyon Inc
McNulty & O'MalleyBarbara Ojo CollectionsAngel AdvertisingComputer Career Center
Jazzy Sportswear #3Atlantic Coast OpthalmologyAbout Face Skin SalonB&B Pest Control
Jazzy SportswearAngel Advertising #2Istok, Inc.Basse Assoc
I Did It MyselfAngel AdvertisingEd & Vins GarageBargain Bonanza
Hair Plus Beauty Salon #2Ecco SoftwareThe Warehouse Inline SkatingAround About Limo
EDIC LOANS CONTINUED…
Structure DevelopmentLisa BoutiqueCL HauthawayJoi Day Care
Stacey's Shade ShopLandmark Eng.CD Housing Corp.JOI 3
Sign InstallationLand SupplyCastle Auto ServicesHip Parade
Sheldon Chamberlain PhKenneth Rhodes PlumingCarty's Auto ElectricGabe Realty Trust
Saudaley Corp.John's Roast BeefCarr Leather CoGabe Realty Trust
Saleme Law OfficesHarnet TrustC&C MachineryFleetwood Multi-Media
Russo PlumbingGulu Gulu CaféBroadway Chiropractic East Coast Realty Trust III
Renee MoroskosFrank SalesBroad St. AutoEast Coast
Quick Fix ApplianceForgione LandscapingBright Star Heritage Supply Co.Domenico/ Gabe Realty
Quinn of LynnFleetwood VideoBeef World IncDesign in Wood
Primary CareFB HarrisBeden HardwareCorporate Gifts
PKL Realty TrustErnie's MarketBeden HardwareComputer Career Center
Olympic AutoEmbree ElevatorAtlantic Coast OpthalmologyC&N Apparel Mfg.
Olson Brothers Realty TrustEco Software Inc #3American Bridge Prods,Inc.C&G Machine Co
North Shore SignEco Software IncAdmiral Insurance Arbor Confections Inc
New Angle Glass CoEco 3A James LynchActicell
EDIC LOANS CONTINUED…
Whyte's LaundryNell Ann 1 & 2Domenico Realty Trust IIThe Samual Baily Co. Inc
USCDC LawNational Stay CoDomenico Realty Trust ISONA Audio
United WeldingNandeesDevelopment Corp of LynnPublic Broadcasting
Union VarietyMr. SpecsDC HVACPrint USA
Traditional BreadsMonica's Best FoodsDart WorldPort Computers
Thermo CraftMiriam WeilerD'Amici's BakeryO'Donnell Sales
The Great OutdoorsMico Floor CoveringD&J ButcheryNorth Shore Employment
T&M MechanicalMeatlandCompel ComputersKRG Associates
Superior Steel FabricationLynn MeatlandCollege Prep CenterJOI Day Care #2
EDIC LOANS CONTINUED…
Woods TowingMayo 2
West Lynn CreameryMalco
West Lynn CreameryLynn Arts
Shore.netLancelot Janitorial & Paper
Second Life ExhibitsGaynor Industries
Raw ArtDuffy Electric
Pro TexDepartment of Social Services
Preferred PoultryDowntown Bistro
Pedigree PetsDomenico 2
Olympic AutoCrystal Foods
Meadownpark AutoClocktower Project
McLaughlin TransmissionCD Seaport
McDonough Square 16 Cottage Street
EDIC LOANS CONTINUED…
Did you know?
That in the past 30 years
342 loanshave been granted
Did you know?
That in the past 30 years
1,696 jobshave been created as a direct result of EDIC loans!
Did you know?
That in the past 30 years
$13,199,917has been given out in loans!
Lets look at some of the companies…
Traditional Breads, Inc.
Pho Lynn
Columbia Insurance
Gulu Gulu Cafe
John’s Roast Beef
The Clock Tower
Spartan Precision Machine
Lancelot Cleaning
Compare
Ernie’s Market
Meatland
Supreme Bakery
East Coast Seafood
Domenico
1978
Dart World
Second largest dart distributor…in the world!
Breeze Hair Salon
North Shore Animal Hospital
Jack & Jill Boutique
Lynn Arts
Susan Halter, Director
JOI Daycare
Omar and Oscar
Doctor Neil Gross
Crystal Foods
West Lynn Creamery
Tello’s
Don Baker Real Estate
Beden Hardware
CranBarry, Inc.
Lynn Community Health is
expanding….creating 100 new jobs.
30 Years…
Looking back you can see that EDIC has had a significant impact…
Now for the good news….the future is bright!
Lynn City Hall Auditorium
Manning Field
Our waterfront today…
Tomorrow it could be home to
Lynn’s commuter ferry…
Today this space is vacant…
Tomorrow it will be home to
a year-round farmer’s market
Hawthorne Restaurant
What’s old will be new…
Downtown Bistro
30 Years…Our FutureFor the first time in over 40 years there is a plan that is in place to develop our Harbor!
Look at the opportunity…
IMAGINE… a different harbor
IMAGINE . . .
Indianapolis, IN
30 Years…
DowntownThe downtown is undergoing dramatic changes…
250 new homeowners have moved in
Mount Vernon Street is offering luxury condos for 31 new homeowners
Mount Vernon Street… BEFORE
Mount Vernon Street… DURING
Mount Vernon Street… AFTER
Sloan Machine Building…Before
Sloan Machine After…
Boston Machine Lofts
Lynn is making great progress
Thank you for allowing EDIC to play a role in that process!
