Economic Development Finance (EDF) Working Group

Welcome to Redwood Region RISE's Economic Development Finance (EDF) Working Group page. Here, you will find information on upcoming and previous meetings and expert sessions, informational video's on how to finance projects in the Redwood Region (within and beyond the statewide California Jobs First project), and much more.

How To Make Funds Go Further

The Economic Development Finance (EDF) Working Group is embarking on an education and capacity building process that aims to empower the Region with the ability to think about Economic Development Finance in a way that:

  1. Enhances the participants' existing expertise and;
  2. Equips them with the tools to make them more effective in pursuing state and federal funds, philanthropy, and other sources of revenue to help make projects viable.

The Economic Development Finance (EDF) Working Group main deliverables will include: assessment of existing use of EDF tools in the region; development of a stakeholder engagement and training plan; creation of a regional EDF tool-use database and funding matrix; and development of a cross-sector capital analysis plan, further enhancing the integration and utilization of EDF tools within the Region. The EDF Working Group is occurring in two phases with Phase 1 happening Jan-June 2024, and Phase 2 following directly through December 2024.

EDF Working Group Meetings

Regular EDF Working Group Meetings

EDF Expert Sessions

EDF Working Group Meetings are open to public participation as a Webinar where Q&A will be supported through the chat mechanism during the meeting as time allows, and addressed afterwards in writing when time is limited. All EDF Working Group's meetings will be recorded and resources posted below. 

Expert Sessions are special topic-focused meetings that feature subject matter experts and example projects from within the region. Topics are identified in the regular Working Group Meetings and scheduled according to availability of speakers. All EDF Expert Sessions meetings will be recorded and resources posted below. 

EDF Working Group Meetings take place every third Wednesday of the month on Zoom from 3:30-5:00 p.m.

The expert sessions are generally scheduled every first Wednesday of the month on Zoom from 3:30-5:00 p.m.

Join through this Zoom link: Meeting ID: 870 6793 266

Join through this Zoom link: Meeting ID: 870 6793 266

Scheduled upcoming meetings for 2024:

  • May 15, 2024, 3:30 - 5:00 p.m.
  • Jun 19, 2024, 3:30 - 5:00 p.m.
  • Jul 17, 2024, 3:30 - 5:00 p.m.
  • Aug 21, 2024, 3:30 - 5:00 p.m.
  • Sep 18, 2024, 3:30 - 5:00 p.m.
  • Oct 16, 2024, 3:30 - 5:00 p.m.
  • Nov 20, 2024, 3:30 - 5:00 p.m.
  • Dec 18, 2024, 3:30 - 5:00 p.m.

Upcoming sessions and topics for 2024:

  • May 1, 2024, 3:30 - 5:00 p.m. | Topic: Tribal Funding Considerations
  • Jun 5, 2024, 3:30 - 5:00 p.m. | Topic: TBD
  • Jul 3, 2024, 3:30 - 5:00 p.m. | Topic: TBD
  • Aug 7, 2024, 3:30 - 5:00 p.m. | Topic: TBD
  • Sep 4, 2024, 3:30 - 5:00 p.m. | Topic: TBD
  • Oct 2, 2024, 3:30 - 5:00 p.m. | Topic: TBD
  • Nov 6, 2024 3:30 - 5:00 p.m. | Topic: TBD
  • Dec 4, 2024 3:30 - 5:00 p.m. | Topic: TBD

Meetings & Materials: Expert Sessions

EDF Expert Session 3: New Market Tax Credits (NMTC)

Date: Wednesday, June 5, 2024

Location: Zoom

This Expert Session was led by Jon Penkower, Principal, Bridge Strategic Partners and was focused on New Market Tax Credits (NMTC) and their potential to stimulate investment in economically distressed communities. The session included an Overview of New Market Tax Credit 101 followed by a Q&A session and a deep dive into a local North Coast project that utilized NMTC. The session highlighted the importance of NMTC as a strategic financing option for driving economic growth and revitalization in underserved areas.

Slide Deck New Market Tax Credits (NMTC)

Stay tuned for upcoming Expert Sessions!

EDF Expert Session 2: Tribal Funding Considerations

Date: Wednesday, May 1, 2024

Location: Zoom

The Redwood Region RISE's EDF Working Group hosted an Expert Session focused on Tribal Funding Considerations. Each of the panelists shared impactful stories about successes and challenges they experienced while pursuing funding/financing for projects on Tribal Lands. You can watch the session recording below.

IRS's Tribal Business Structure Handbook

Choosing Tribal Business Structure

Guidebook to the Inflation Reduction Acts's Clean Energy and Climate Investment in Indian Country

Tribal Energy Loan Guarantee Program

EDF Expert Session 1: Tax Increment Financing

Date: Wednesday, April 3, 2024

Location: Zoom

Are you interested to learn how Tax Increment Financing can advance economic development goals? Watch our Economic Development Funding "Expert Session" on Tax Increment Financing/Enhanced Infrastructure Finance Districts to receive insights and guidance around the value and process for establishing TIF to advance economic development goals and hear about the local Samoa Peninsula Enhanced Infrastructure Financing District (EIFD) project. This Expert Session features presentations from Scott Adair, Humboldt County Economic Development Director, and Joseph Dieguez, Vice President at Kosmont Companies, who supported the County in establishing the Samoa Peninsula EIFD.

Financing District Overview Slide Deck

Samoa Peninsula EIFD Slide Deck

Samoa Peninsula Enhanced Infrastructure Financing Plan

Meetings & Materials: EDF Working Group Meetings

EDF Working Group Meeting 5

Date: Wednesday, May 15, 2024

Location: Zoom

Download Slide Deck

Download Slide Deck (Streetscape Project)

EDF Working Group Meeting 3

Date: Wednesday, March 20, 2024

Location: Zoom

Download Slide Deck

EDF Working Group Meeting 4

Date: Wednesday, April 17, 2024

Location: Zoom

Download Slide Deck

EDF Working Group Meeting 2

Date: Monday, February 12, 2024

Location: Zoom

Download Slide Deck

EDF Working Group Meeting 1

Date: Tuesday, January 16, 2024

Location: Zoom

Download Slide Deck

Redwood Region RISE - Economic Development Funding Working Group

Receive Meeting Agendas

Would you like to be notified about EDF Working Group's activities and receive agendas prior to meetings? Please email Abigail to join the mailing list via the button below.

I'd like to join!

Take Our Survey

We've created a survey to get a sense of the regional Economic Development Finance capacity. Click on the button below to take the survey. Thank you!

Go to the Survey