HomeMy WebLinkAbout _ 2D--Presentation by SCED
CITY OF REDDING
REPORT TO THE CITY COUNCIL
Recommendation
Presentation by Ryan Richardson, Executive Director, Superior California Economic
Development, providing an annual update on activities.
MEETING DATE: September 16, 2025
ITEM NO. 2D
FROM:
***APPROVED BY***
sbade@cityofredding.org
btippin@cityofredding.org
SUBJECT: 2D--Presentation by Superior California Economic Development.
Steve Bade, Interim City
Manager
Superior California Economic Development
Ryan Richardson –Executive Director
September 2025
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Why Regional Collaboration Matters
Nonprofits and government
come together to help solve
problems that are too big for
one company to solve
•Joint Powers Authority –Est. in 1979
•4 Counties & 3 Cities
•Private Nonprofit -501(c)3
•17 Member BOD & Staff of 4
•Headquartered in Redding
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Superior California Economic Development
Our Region by the Numbers
•Population of 250,000
•59% live within one mile of I-5
•79% live in Redding Metro Area
•Same size as New Hampshire & Vermont
Our Four Strategic Priorities
(1)Small Business Capital Access
(2)Regional Economic Development Planning
(3)CEDS Implementation Projects
(4)Organizational Effectiveness
SCED (Regional) Shasta EDC (Local)
Service Area •Four County EDD
•Statewide CDC
•Shasta County
Main Functions •Comprehensive Economic
Development Strategy (CEDS)
•SBA 504 & Revolving Loan Funds
•CEDS supported Economic
Development Grant Projects
•Business Attraction
•Business Retention & Expansion
•Startup Redding
•Air Service Development
Funding •Federal, State, and Private Grants
•Loan Interest & Serving Fees
•Match from Local Jurisdictions
•City
•County
•Private Partnerships
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SCED & Shasta EDC: Complementary Roles
The Partners Who Make It Possible
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Local & Regional
•Cities & Counties
•Workforce Partners
•Local Econ Dev Orgs
•Regional Development Org.
•Chambers of Commerce
•Higher Education
State & National
•Federal Agencies
•State Agencies
•Trade Associations
Banking
•Loan Referrals
•Unrestricted Contributions
•Restricted Grants
What We Do for the Region
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EDA Economic Development District
Comprehensive Economic Development Strategy (CEDS)
Bring Federal Funds to the Region
Small Business Lending
Support Expanding Businesses
Bring Federal Funds to the Region
Economic Development Projects
Projects Advancing CEDS Goals
Bring Federal, State, and Private Funds to the Region
SCED
1
2
3
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$6M Project -$3M from EDA $1.2M Project -$950k from EDA
CEDS in Actions: Delivering Results
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Small Business Lending
•580 loans made
•$109 million in loans made
•$145 million private capital leveraged
•4,700 jobs impacted
Economic Development Projects
•$1.57 million grants approved last FY
•17% of California Job First Catalyst Funds
•$41 million in grants administered
Our Impact in Jobs, Capital, and Grants
Outdoor Recreation
CA Jobs First
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Partnering with Siskiyou EDC to
strengthen the outdoor recreation
industry through microloans and
business support in the District.
Modoc Meat
CA Jobs First
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Marketing the USDA-feasible
Modoc Meat Processing Plant to
attract investors, expand processing
capacity, and grow the regional
agricultural economy.
BDO Zone
USDA
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Collaborating with Shasta EDC to
evaluate biomass feedstock
availability, supply, pricing, and
associated risks.
Wells Fargo Projects
Wells Fargo
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Partnering with CFC for rural
downtown revitalization and Shasta
College EWD on entrepreneurial
boot camps. Loan readiness TA will
be funded through the grant.
Special Initiatives Driving Growth
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Opportunities Ahead
•Continued Collaboration
•Infrastructure Projects
•Enhanced Lending Programs
•5-Year CEDS
Challenges to Watch
•Federal Funding
•Private Grant Funding
•Rural Lending Deserts
•Rural Communities