What is SEDCorp? The Sierra Economic Development Corporation (SEDCorp) is a private non-profit organization devoted to supporting the economic development of the rural communities north and east of
Andrew Rogerson, from 105.5FM Radio interviewed CEO Brent Smith on May 21, 2013 during the Money 2.0 show to discuss SEDCorp's services. Click the link below and move towards the bottom of the page where you'll see a link to the mp3 of the May 21 show:
SEDCorp is proud to partner with three area Chambers of Commerce in providing business classes to their members (at a discount) and to the public at large. The Loomis Basin Chamber of Commerce, the El Dorado Hills Chamber of Commerce and the North Lake Tahoe Chamber of Commerce have selected choice classes to be presented in their area.
The California Financial Opportunities Roundtable (CalFOR) released their new guidebook, Access to Capital, today providing a one-stop-shop resource for anyone seeking capital, ranging from aspiring entrepreneurs and small business owners to policy-makers and financial institutions.
"This guidebook is a valuable tool for California's rural businesses, entrepreneurs and communities containing comprehensive information they need to thrive, grow and create jobs," said USDA Rural Development State Director Glenda Humiston. "We are a proud contributor to CalFOR's efforts to support a strong California economy."
Throughout its pages Access to Capital provides straightforward descriptions of a wide variety of tools and programs available to access capital, along with specific examples of how they have been utilized and links to websites for in-depth information. In addition, recommendations to improve accessibility or usefulness of programs are also included.
Supporting the Youth Financial Literacy Program
Auburn nonprofits Economic Partners in Change (EPIC) and the Sierra Economic Development Corporation (SEDCorp) are pleased to announce the generous donation of $37,500 that was made by Wells Fargo at an economic development challenge grant reception on July 12, 2012 at Max's Restaurant in Auburn. Natasha Mata, Northern California Regional President, presented the check to EPIC Secretary/Treasurer Patty Hall and SEDCorp Board Chair Mike Holmes.
EPIC will use a share of the grant funds to launch a Youth Financial Literacy course at Placer High School in Auburn starting in September. The funds will pay for two part-time college students to teach Placer students in the Advancement Via Individual Determination (AVID) program practical lesson from the adult financial world. The grant will also make it possible for SEDCorp to hold another of its intensive Business Boot Camps at the Wells Fargo training center in Sacramento this Fall. Wells Fargo would like to challenge the community to match its support for these and other worthy services being delivered by EPIC and SEDCorp.
The Sierra Economic Development Corporation (SEDCorp) is proud to announce receipt of a new grant award intended to help northern California counties move closer to the goal of expanding high-speed Internet access to rural areas.
SEDCorp was awarded a one-year, $150,000 grant to launch public-private partnership aimed at increasing digital access and use in Nevada, Placer, El Dorado, Sierra and eastern Alpine counties. The new partnership, the Gold Country Broadband Consortium (GCBC) is one of 14 regional consortia in the State funded by the California Advanced Services Fund Rural and Urban Regional Broadband Consortia grant program. The Consortium was formed to leverage regional, state and national resources as an investment in improving and expanding broadband access.
Updates to the Consortium can be found under the Projects tab of this website. Additional information and announcements will be posted on the Gold Country Broadband Consortium Blog: http://goldcountryconsortium.wordpress.com.
Supporting the Region's Small Businesses
SEDCorp is pleased to announce the generous donation of $45,000 made by Wells Fargo Bank through SEDCorp’s companion non-profit, Economic Partners In Change (EPIC), on December 7, 2011. Donald Terry, Community Development Officer for the Northern California Region, presented the check to Mike Holmes, SEDCorp’s Chairman, at the December Board of Directors meeting in Auburn.
“Wells Fargo has been a great partner to SEDCorp,” said Mike, “they really fulfill their role in supporting regional economic development.” SEDCorp CEO, Brent Smith, added, “This generous grant from Wells Fargo adds to our financial strength and our ability to support the region’s small businesses by providing more training for business owners and continuing to make direct small business loans.”
Donald Terry shared that “it’s been great to provide a little support to SEDCorp over the last couple of years in their Business Boot Camps and their lending program. We look forward to a continuing partnership.”
Mike Holmes, Brent Smith, Donald Terry and Patty Hall (SEDCorp Sec/Treasurer)
View SEDCorp's CEO, Brent Smith, discussing strategies on accessing capital for businesses in the Sierra Nevada at the Sierra Business Council's Sierra Innovation Summit last summer.
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The Sierra Economic Development Corporation (SEDCorp), a 41-year-old regional non-profit, continues to bring leadership and expertise to Placer County in innovative ways. SEDCorp has created a companion public benefit non-profit called Economic Partners in Change – “EPIC” – in recognition of the looming problem of having a large number of “baby-boom generation” business leaders leaving the work force over the next ten years and the question of where an adequate number of tomorrow’s business leaders will be found.