On December 31, 1987, the Latin American Economic Development Association (LAEDA). LAEDA is a non-profit economic development organization that helps with the creation of small business for minorities in Camden. LAEDA was founded under in an attempt to revitalize Camden's economy and provide job experience for its residents. LAEDA operates on a two major methods of rebuilding, The Entrepreneurial Development Training Program (EDTP) and the Neighborhood Commercial Expansion Initiative (NCEI). In 1990, LAEDA began a program called The Entrepreneurial Development Training Program (EDTP) which would offer residents employment and job opportunities through ownership of small businesses. The program over time created 506 businesses and 1,169 jobs. As of 2016, half of these businesses are still in operation. Neighborhood Commercial Expansion Initiative (NCEI) then finds locations for these business to operate in, purchasing and refurbishing abandoned real estate. As of 2016 four buildings have been refurbished including the First Camden National Bank & Trust Company Building.