erHousatonic 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 of Connecticut. 

Since 1969 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.

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, Certified Land Use Planner, Business Consultant 
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, Vice President, Ryer Associates Commercial Real Estate 

P. J. Prunty, President, Greater Danbury Chamber of Commerce 

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

Nelson Merchan, Business Advisor, Connecticut Small Business Development Center


 Francisca Bogdan, Owner, Creative Video, Loree’s Kitchen 

Janice Chrzescijanek, Office of Economic Development – Bethel CT

Howard Cutler, Managing Member, Perfect Credit Consulting, LLC.

Steve DeMarco, President, DeMarco Construction

Hillel Goldman, Esq., Collins Hannafin, P.C.

Gary Hawley, President, Hawley Construction Corporation

Patrick Kelley, Senior Vice President, Savings Bank of Danbury

Maryann S. Kiely, Retired

Mary Ann Kubick, HIDC Assistant Corp. Secretary

Peter Maher, Executive Vice President, Union Savings Bank

Theresa Matthews, Accountant , Small Business Owner 

Joann Olster-Gorman, Retired HIDC emloyee

Betsy Paynter, Project Manager, Western CT Council of Governments

Larry Pereira, Esq., Baker Law Firm, P.C.

Anthony Rizzo, Founder, Rizzo Electric 

Edward F. Ronan, Jr., CPA, Actis-Grande, Ronan & Company 

Linda Shakro, local area business owner

Robert J. Uskevich, Esq., Robert J. Uskevich Law Firm

Thomas A. Vitale, Vice President, Citizens Bank

Joseph Wrinn, Vice President, Coldwell Banker Commercial NRT 

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Housatonic Industrial Development Corp. • 57 North Street, Suite 407 • Danbury CT 06810
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