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 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.

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.

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EDF Working Group Meetings

Regular EDF 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 bi-monthly on the third Wednesday of the month on Zoom from 3:30-5:00 p.m.

The expert sessions are scheduled every first Wednesday of the month on Zoom from 3:30-5:00 p.m.
Join through this Zoom link: 
https://us06web.zoom.us/j/88494254215 Meeting ID: 884 9425 4215
Join through this Zoom link: 
https://us06web.zoom.us/j/84170241362 Meeting ID: 841 7024 1362

Meetings for 2025 will be: March 19, May 21, July 16, September 17, November 19

Sessions for 2025 will be: February 5, March 5, April 2, May 7, June 4, August 6, September 3, October 1, November 5, December 3

EDF Expert Sessions:

Redwood Region RISE - Economic Development Funding Working Group

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!

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View EDF Working Group Meeting Recordings

EDF Working Group Meetings occur bi-monthly on the third Wednesday of each month. View previous meeting recordings below.

Watch Videos Here

Rural Oriented Venture Capital

Date: Wednesday, February 5, 2025

This Expert Session focused on the opportunities and challenges in rural-oriented venture capital. The discussion also covered the efforts to promote entrepreneurship and business growth on the North Coast, the challenges faced by rural communities in accessing venture capital, and the potential for growth in various industries such as timber management and specialty crop agriculture. The session concluded with a broader discussion on rural entrepreneurship and technology transfer, emphasizing the importance of domain knowledge, concise messaging, and external knowledge for rural youth.

Regional Collaboration for Funding (Grants & Debt Finance)

Date: Wednesday, October 2, 2024

The EDF Working Group held an Expert Session on "Regional Collaboration for Funding: Grants & Debt Finance," featuring Mark Northcross, Principal at NHA Advisors LLC. With over 40 years of municipal advisory expertise, Mark has been advising the SF Bay Area on climate change adaptation funding. During the session, he highlighted the stark contrast in federal funding for climate resilience—Texas receiving $30B, Florida $20B, and California only $200M—and emphasized the need for regional collaboration and unified strategies to secure funding. Mark shared success stories of collaborative efforts that have effectively attracted funding, providing valuable guidance from an expert in the field.

Download the Regional Collaboration for Funding Slide Decks

New Market Tax Credits (NMTC)

Date: Wednesday, June 5, 2024

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)

Opportunity Zones in California

Date: Wednesday, December 4, 2024

This month, the EDFWG hosted an expert session on Opportunity Zones in California, featuring insights from Mark Northcross, Principal at NHA Advisors LLC, and Brian Coleman, Project Financing Manager at GO-Biz. This impactful session delved into the potential and practicalities of Opportunity Zones (OZs) within the state. Participants gained valuable lessons from the experiences shared and explored how OZs align with local projects and priorities. The session provided actionable insights, leaving attendees better equipped to navigate and leverage Opportunity Zones for meaningful impact. 

Opportunity Zones Slide Deck

Climate Financing

Date: Wednesday, September 4, 2024

The Expert Session on Climate Financing featured key insights from organizations advancing ecological restoration and energy projects through innovative finance models. Blue Forest discussed the Forest Resilience Bond, a tool blending public and private funds to accelerate forest restoration and promote long-term resilience. They highlighted the CA Wildfire Innovation Fund and workforce development challenges for restoring millions of acres. Blue Lake Rancheria shared strategies for leveraging tax credits and state programs to finance energy projects, while IBank outlined its role in climate infrastructure financing through loans, credit enhancements, and greenhouse gas reduction efforts.

Download the Climate Financing Slide Decks (Combined)

Tribal Funding Considerations

Date: Wednesday, May 1, 2024

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

Community Development Block Grants

Date: Wednesday, November 6, 2024

The EDF Working Group held an informative Expert Session on Community Development Block Grants (CDBG) with presentations from Jeff Lucas of Community Development Services and Kelly Hansen from Mendocino County. Attendees gained a foundational understanding of CDBG, learning about the key objectives, eligibility requirements, and application processes. Jeff Lucas provided insights into how CDBG funds support local projects aimed at economic development, infrastructure improvement, and public services. Kelly Hansen shared firsthand experiences from Mendocino County, discussing best practices in managing CDBG-funded initiatives and strategies for maximizing community impact. Participants left with practical tips on how to navigate grant requirements and leverage CDBG funding to benefit their communities.

Community Development Block Grants 101 Slides

Community Development Block Grants Matrix Code

Philanthropy

Date: Wednesday, August 7, 2024

The RRRISE EDF Working Group's Expert Session on philanthropy explored the role of foundations in supporting community development, with insights from Humboldt Area Foundation and the Community Foundation of Mendocino County. The discussion emphasized the balance between aligning with community priorities and broader mission-driven goals. Case studies, such as the Tahoe Forest and Monterey Bay DART’s partnership with the Irvine Foundation, demonstrated how philanthropy can drive inclusive economic development and support sustainable job growth.

Slide Deck: Philanthropy's Role in Economic Development Finance

Slide Deck: Community Foundation of Mendocino County

Tax Increment Financing

Date: Wednesday, April 3, 2024

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