The Economic Development & Industrial Corporation of Lynn (EDIC/Lynn) is a non-profit corporation established under a state mandate in 1977 that functions as the City of Lynn’s development bank.
EDIC/Lynn has a rich history of more than 30 years of financing businesses throughout the City of Lynn. Through innovative programs, EDIC/Lynn is able to put financing tools into the marketplace that allows for capital to become available at very attractive rates.
Since 1977, EDIC/Lynn has strengthened Lynn’s economy by encouraging existing companies to expand or new companies to relocate into the City. Simply stated, EDIC/Lynn has all the financial tools and capabilities from the public sector’s vantage point that private developers need at their disposal.