Rural Opportunities Enterprise Center, Inc.

400 East Avenue
Rochester NY, 14607


Rural Opportunities Enterprise Center, Inc. (ROECI) was founded in 1997 as a subsidiary of Rural Opportunities, Inc. (ROI), a regional community development corporation. Both entities have a mission of improving the social, economic and living conditions of farm workers and other rural low-income individuals. Currently, ROECI works in western and central New York State, providing microenterprise and small business loans and development services to low-income individuals in rural communities. In addition to the business loans, ROECI also works closely with ROI to manage the real estate pre-development and homebuyer loans.

CDFI Awards for Rural Opportunities Enterprise Center, Inc.


TA (2005) - $43,000

ROECI will use its 2005 TA award of $43,000 to obtain consulting services, staff time, training, and equipment to expand capacity to expand into new territories.



CORE (2000) - $300,000

The CDFI Fund"s $300,000 capital grant will help ROECI carry out its business plan that calls for expanding the organization"s lending into the mid-Hudson Valley of New York and northeastern Ohio.



SECA (1999) - $65,000

The technical assistance award will be used for market analysis in expanded market areas; product and operations analysis and recommendations; design of marketing materials; computer equipment; and staff training.



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Small Business Administration's Small Business Investment Companies

The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.







Small Business Administration Background

The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.




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