Valdese Economic Development Investment Corp
Valdese, NC Doing business as Vedic
- UEI
- MSWTLAXK1PE5
- CAGE
- 6SPE4
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- SAM.gov registration date
- Physical address
- 400 Main St W Suite 141, Valdese, NC 28690, USA
- Website
- vedicnc.com
- Industry
-
- Financials
- Diversified Financial Services
- Financial Services
- SIC code
- 61 Nondepository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Valdese Economic Development Investment Corp, doing business as Vedic, is a tax-exempt nonprofit organization headquartered in Valdese, North Carolina, that operates as a federal grant recipient delivering rural economic development services and business technical assistance through the Department of Agriculture's Rural Business Cooperative Services division. Vedic does not compete for federal contracts; its federal footprint is entirely grant-funded work as a prime recipient.
Vedic's federal work centers on rural business development and microenterprise assistance in underserved rural communities. The vendor has received five consecutive federal grant awards since 2021 under Rural Business Cooperative Services programs. The most recent award is a $175,000 Rural Business Development Grant (CFDA 10.351) issued February 11, 2026, with completion scheduled for February 11, 2028, supporting technical assistance and business development services for small businesses employing 50 or fewer new employees with less than $1.0 million in projected gross revenue. Prior awards include Rural Microenterprise Development Organization grants (Section 6022 RMAP) issued in September 2025, September 2024, September 2023, and September 2022, alongside a Rural Micro Assistance grant in September 2021. The grant portfolio targets rural communities with elevated poverty and unemployment rates, emphasizing sustainable economic development and job creation in North Carolina.
Vedic's customer footprint is concentrated in a single agency. The Department of Agriculture Rural Housing Service Washington Office Rural Business Cooperative Services accounts for 14 of 15 awards (100% coverage of recent activity), with the Appalachian Regional Commission representing a single outlier award. Across the fifteen total awards in the source dataset spanning from 2013 through early 2026, Vedic has obligated $871 thousand in federal funding. Annual award frequency has averaged one award per year over the past five years; three awards reach ultimate completion within the next twenty-four months. Vedic operates exclusively as a prime recipient with no federal contract sub-awards or subcontracting role.
As an intermediary nonprofit, Vedic deploys grant funding to deliver business development services and technical assistance directly to qualifying small enterprises in rural communities, functioning as a pass-through intermediary rather than a direct-service contractor. The organization's federal footprint is entirely grant-based, with no participation in contract vehicles, GWACs, BPAs, or other federal procurement instruments.
Quick answers
Is Valdese Economic Development Investment Corp registered in SAM.gov?
Yes. Valdese Economic Development Investment Corp's SAM.gov registration is active through August 20, 2027.
What is Valdese Economic Development Investment Corp's most recent federal award?
Valdese Economic Development Investment Corp's most recent federal grant award is Rbdg rural business coop rural enterprise grant (CLSS00000118000), from Rural Business Cooperative Services (RHS), on February 11, 2026.
On GovTribe
See Valdese Economic Development Investment Corp's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors