Housatonic Industrial Development Corp.

"A leading resource to Connecticut's small business for more than 45 years"


Housatonic Industrial Development Corp. (HIDC) is a state-wide, private, non-profit Certified Development Company (CDC). Based in Danbury, CT, HIDC is certified by the U.S. Small Business Administration as a section SBA 504 lender.


HIDC's mission is to help Connecticut's small businesses grow, create or retain jobs and achieve economic development goals within the state.


For more than 45 years, HIDC has been a leading resource to Connecticut's small businesses through the creation and administration of long-term fixed-rate financing.


Our loan program helps small businesses acquire, build, expand owner occupied real estate and other fixed assets. By working with banks, other first mortgage lenders, and using the SBA 504 loan program, HIDC provides long-term financing at competitive rates.


HIDC is a member of The Greater Danbury Chamber of Commerce, and the Connecticut Economic Development Association (CEDAS)


HIDC Staff:


Leonard Volpe, Executive Director

Len is a seasoned commercial banker with extensive experience in commercial lending and management in Connecticut and New York. His leadership enables HIDC to converse fluently with borrowers and banking partners in a vocabulary and terminology familiar to them.


Mary Ann Kubick, Assistant Corporate Secretary/Administrator

Mary has been an integral member of HIDC since 1999, assisting in all aspects of marketing, customer service, loan preparation and packaging.




Elizabeth Stocker, Past Director of Economic Development, City of Norwalk, CT
HIDC Chairman of the Board & Treasurer/Assistant Secretary


Michael Yao, Michael Yao, Vice President, Sr. Commercial Banking Officer, First County Bank, HIDC Vice President

Kevin McMahon, President KMan Glass, HIDC Secretary/Assistant Treasurer

Leonard Volpe, HIDC Executive Director/ Vice President

M. Augustus Ryer, Commercial Realtor

Patrick Kelley, Senior Vice President, Savings Bank of Danbury

Leonard Mediavilla, Manager, City of Groton CT

Anthony M. Rizzo, Sr., Founder, Rizzo Electric

Thomas A. Vitale, Vice President, Citizens Bank




Gary Hawley, President, Hawley Construction Corporation

Edward Carola, Commercial Banker, Retired

Janice Chrzescijanek, Office of Economic Development - Bethel CT
Howard Cutler, Managing Member, Perfect Credit Consulting, LLC.

Steve DeMarco, President, DeMarco Construction

Robert Feinson, Retired Businessman

Hillel Goldman, Esq., Attorney

Maryann S. Kiely, Retired
Mary Ann Kubick, HIDC Assistant Corp. Secretary

Peter Maher, Executive Vice President, Union Savings Bank

C. Stephen MacKenzie Sr., Executive Director, Southeastern CT Enterprise Region

Scott A. Mitchell, CPA

Joann Olster-Gorman, Retired

Francis G. Pennarola, Esq., Chipman, Mazzucco, Land & Pennarola, LLC

Larry Pereira, Attorney

Margot McLachlan Robinson, Commercial Appraiser

Edward F. Ronan, Jr., CPA, Ryer Associates Commercial Real Estate

Linda Shakro, local area business owner

Robert J. Uskevich, Attorney-at-Law

Joseph Wrinn, Vice President, Goodfellow Ashmore, Commercial Realtor