EMDC Names CFO and Director of Lending & Investments to Revitalize Financial Management Systems and Lending Program

November 13, 2018

Eastern Maine – Eastern Maine Development Corporation (EMDC) is pleased to announce that Russell Begin will join the organization as Chief Financial Officer on November 19th. The non-profit has also promoted Joshua McIntyre to Director of Lending & Investments. The pair will form the core of EMDC’s talented financial team and drive financial management.

Prior to joining Eastern Maine Development Corporation, Russell Begin’s career has been a balance of working with major industries such as paper and trucking, as well as social service organizations including his most recent position as Chief Financial Officer at Maine Primary Care Association. For over 20 years, Mr. Begin has led accounting teams and instituted programs and procedures that improved the overall performance of the organizations he works for.

Russell is a graduate of Thomas College, with a Bachelor of Science degree in Accounting, and a graduate of the University of Memphis, with a Master’s of Business Administration degree. His strong work ethic, coupled with his exemplary skills and experience, will round out EMDC’s financial team.

As Director of Lending & Investments, Joshua McIntyre will lead EMDC’s lending department by managing the organization’s strong partnerships and overseeing the dedicated lending team. This new role will build upon Mr. McIntyre’s previous role at EMDC, where he worked with municipal leaders and business executives to facilitate large-scale business development projects. Josh will also continue his work as liaison with Acadia Capital Management, an affiliate Community Development Entity of the organization.

Mr. McIntyre is a graduate of Boston College, with a Bachelor of Arts and Master’s of Business Administration degrees. Prior to his time at EMDC, Josh worked with small businesses as a Loan Portfolio Manager at UCEDC in Cranford, New Jersey where he managed a portfolio of direct and SBA loans. He has financial experience in Boston and New York, and has also worked in Washington DC for the US Senate Committee on Small Business. His knowledge of EMDC, as well as his background in lending and financial management are the perfect fit to lead the lending department.

“We are delighted for Russ Begin to join our team. Russ’s financial expertise and business acumen will lead to systemic changes to EMDC’s financial management and lending practices,” said Lee Umphrey, President & CEO of EMDC. “His technical expertise in non-profit accounting and government finance will guide our integrated approach to business and community development, business lending and workforce development in a cost effective and productive manner. Josh’s banking background, keen relationship building skills, familiarity with EMDC and dogged approach will complement these efforts.  Together, as the core of our financial management team, Russ and Josh’s efforts will increase customer satisfaction while substantially enhancing the quality of our services to businesses, communities and individuals.”

Eastern Maine Development Corporation (EMDC) is a non-profit organization that provides services to businesses, communities and individuals in Penobscot, Piscataquis, Hancock and Washington Counties. The organization also offers statewide business assistance and lending programs. EMDC encourages collaboration and fosters the creation of a thriving economic climate.