I literally wouldn't be a business owner without the help of RREDC. I was in an unique situation where I didn't qualify for a bank loan and RREDC took a chance on me. I have now owned my audiology practice for nearly 5 years!
BusinessWeek News and Tips
One-Percenters Want to Buy the Corner Bakery
Smarting from poor returns in the markets, ultrawealthy individuals plan to increase their investments in small businesses
Obama Seeks 'On-Ramp' for More Startups to Go Public
For certain small companies going public, the change would delay some requirements of Sarbanes-Oxley that have to do with internal controls
Obama Urges Extension of Small Biz Tax Breaks
President Barack Obama sent Congress a package of small business measures today that he said would expand tax relief and unlock capital to boost the economy and create jobs.
For Some U.S. Manufacturers, Time to Head Home
More companies are assessing the true cost of outsourcing
Michigan Wants More Immigrants
Republican Governor Rick Snyder wants to attract talented foreigners he sees as crucial to the economy
After Hedge Funds, a Career Rejuvenation
A TSA inspection helped Julie Macklowe switch careers from hedge fund manager to entrepreneur, selling luxury, travel-friendly toiletry kits
Small Business Exports Edge Up
Small companies have increased their share of goods sold abroad in the two years since President Obama set a goal to double exports by 2015
Obama Urges Extension of Small Biz Tax Breaks
President Barack Obama sent Congress a package of small business measures today that he said would expand tax relief and unlock capital to boost the economy and create jobs.
Pushing for a New Visa for Entrepreneurs
The Chamber of Commerce wants the U.S. to ease restrictions on immigrants who plan to open businesses
Fed Says Business-Loan Demand Rose in 4th Quarter
Jan. 30 (Bloomberg) -- Demand for business loans increased in the fourth quarter as economic growth accelerated, according to a Federal Reserve survey of senior loan officers at banks. Seventeen of 56 banks reported stronger demand among companies with $50 million in annual sales or more, according to the survey, while six reported weaker demand. Loan demand among small businesses increased by the most in any quarter since 2005. Michael McKee reports on Bloomberg Television's "Bottom Line."
2015 May Be `Tipping Point' for Electric Cars
Idan Ofer, chairman of Better Place, a U.S. startup developing charging stations for electric vehicles, discussess the outlook for the electric car market
The Adventures of Superfood Man
Darin Olien is to maca root and goji berry what Indiana Jones is to lost arks. And the market for his exotic drink mixes is doubling—even though there’s scant science to show they work
Bernanke to Give Lecture Series at George Washington University
Federal Reserve Chairman Ben S. Bernanke will deliver a series of four lectures to college students about the U.S. central bank.
Roundtable on U.S. Immigration, Technology Jobs
Jan. 25 (Bloomberg) -- Vivek Wadhwa, director of research at Duke University's Center for Entrepreneurship, Rick Marini, chief executive officer of BranchOut Inc., and Bloomberg's Cory Johnson talk about President Barack Obama's State of the Union address, immigration and the need to fill technology jobs in the U.S., and the outlook for the manufacturing industry. They speak with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Testimonials
Julie Kelly, Au.D
North Coast Audiology
Without RREDC the loan for our business would not be possible. Thanks to them we are in operation today. Thank you for your help.
Debbra Sweet
Partrick's Candy, Eureka
In 2000 when I began planning to purchase a lot and build a custom tofu-manufacturing plant in Arcata's Aldergrove Industrial Park, RREDC provided invaluable professional advice and moral support during the business plan phase, and ultimately, supplemental financing to make the plan a reality. Their continued support since has helped Tofu Shop Specialty Foods survive and thrive.
Matthew Schmit - President
The Tofu Shop Specialty Foods Arcata
RREDC not only helped with financing our expansion, they also offered advice and support along the way.
Without RREDC, growing our business would have been nearly impossible. They can help when larger institutions can't.
Mike Branden
Smug's Pizza
In 1999, my business partners and I applied for a working capital loan at RREDC. They made it easy and possible for us to start our venture as the new owners of Dalianes Travel.
Dianne Harris
Dalianes Travel
We were in the midst of a difficult $1,000,000 renovation project after our building got red-tagged for earthquake safety. Banks were leery of loaning to us because our non-profit income stream did not look dependable to them. RREDC had a wider vision and came through for us at a critical moment.
Bobbi Ricca - Administrative Director
Dell Arte - Blue Lake
The Redwood Region Economic Development Commission has been very responsive to individuals and businesses that we have referred to them. The staff is both knowledgable and caring. We have no reservations recommending RREDC to our clients who can benefit from their services.
John Dalby - President, CEO
Redwood Capital Bank
Ten years ago my husband and I hoped to open a dinner restaurant. No one would lend us for such a "risky" project. We had a great local reputation and 45 combined years of experience in 4 star restaurants. RREDC made it happen for us! Now we are the premier restaurant in our area, creating jobs and training for young people, paying living wages, providing health care benefits and giving back generously to our community. Thank you RREDC for recognizing our potential!
Beverly Wolfe
Avalon Restaurant
RREDC's support has been instrumental in our successes developing additional air service destinations and in providing the necessary airport infrastructure needed for those services.
Jacquelyn Hulsey - Manager
Aviation Division, County of Humboldt
Thanks to RREDC we were able to acquire the additional necessary money we needed to help capitalize our new business venture after all efforts through commercial lenders were exhausted. RREDC was also very helpful in assisting us with our business plan. All of their personnel are wonderful to work with.
Stephen Martinez
The Forks – Willow Creek
