Sierra Economic Development Corporation announces name change, staff additions | SierraSun.com

Sierra Economic Development Corporation announces name change, staff additions

"-Sun staff reports

The Sierra Economic Development District today announced its new name, Sierra Economic Development Corporation (SEDCorp).

“Our new name succinctly describes what we are rather than where we serve.” said Brent Smith, President/CEO of SEDCorp. “We think this change will help identify us with the economic development interests we are here to serve and open up many new avenues for us in the coming years.”

SEDCorp’s name change is just part of re-shaping itself as a regional economic development organization. The decision to rename was weighed carefully and ultimately viewed by the board of directors as an important action for future success.

SEDCorp would also like to announce the hiring of its new Loan Program Supervisor, Christin Zacharia. Christin comes to SEDCorp from the private sector with a solid banking background in SBA Loans and commercial lending.

SEDCorp offers small businesses financing through three of its own loan programs, plus others it administer for the cities of Auburn, Colfax, Lincoln and Grass Valley. The programs can be used for a variety of businesses and a special emphasis has been added recently to promote the extension of broadband service to rural communities. Loan programs are available to businesses in a seven-county region: Modoc, Lassen, Plumas, Sierra, Nevada, Placer and El Dorado.

SEDCorp’s broad range of economic development activities for the four-county area (Placer, Nevada, Sierra and El Dorado counties) has enjoyed 38 years providing assistance to cities and counties and promoting business development throughout the region.

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SEDCorp is a non-profit corporation funded by a combination of public and private sources for the preservation and growth of jobs in the region. Members of the SEDCorp board include elected officials and private citizens from each of the supported counties. Visit the SEDCorp’s Web site at http://www.sedd.org or call Christin at 823-4703 to discuss business financing options.