The Biddeford-Saco Area Economic Development Corporation [BSAEDC] is
a non profit partnership between the cities of Biddefordand Saco and the Biddeford-Saco Chamber of Commerce and Industry.
BSAEDC's mission is to promote the sustainable, long term economic prosperity of the
Biddeford Saco Area. The corporation is a catalyst for cooperation, team work, and
mutual success through the:
- creation and retention of quality jobs for the people of Biddeford
Saco targeting the low to moderate income population; and
- development and promotion of policies, projects and programs that
will accommodate and capture new investment in Biddeford Saco.
Established in 1992, the corporation is staffed by three employees and
governed by an eleven member board of directors, a seven member loan committee and a five
member advisory panel. BSAEDC is certified as a Community
Development Financial Institution by the U.S.
Department of the Treasury.
