1. Marc Nemanic 893-8732 x 204 or mnemanic@3coreedc.org

2.  Federally-Designated Economic Development District  501 (c) (3) Charitable Tax Exempt Corporation  Certified State and Federal Community Development Financial Institution (CDFI)  Licensed California Finance Lender  Technical Advisor/Project Manager  Formed in 1985—began work in 1986-1987

3.  Federally Designated Economic Development District (EDD)  378 Nationally  5 California  Service Region = Butte, Glenn & Tehama County and the incorporated cities  3 Counties  9 Cities  $30,198,262 funded projects 1996-2009

5.  County  2 Planning & Technical Assistance grants = $70,000  $150,000 Enterprise grant  Red Bluff  1 Planning & Technical Assistance grant = $35,000  Corning  2 Planning & Technical Assistance grants = $70,000  Total (2006-2011) = $325,000

6.  January 2010-May 2011  3 clients—in-depth business assistance  1 pending client enrollment  19 applications/incomplete or did not qualify by income  4 Business Training Workshops held in Red Bluff & Corning

7. Business Development Workshops 11/3—Red Bluff—11 businesses 12/8—Red Bluff—5 businesses 2/2– Red Bluff—4 businesses 2/9—Corning—8 businesses Total => 28 Workshop costs underwritten in part by Wells Fargo Bank

8.  Private tax deductible charitable contributions authorized  $326,450 contributed 1996-2010  Raised $2.65 million private capital investments=> $167,000 loans made in Tehama County

9.  Manage 12 loan funds with $4.1 million capital base  $2.991 million current active loan portfolio (73%)  1987-2011 -280 loans -$14,010,109 loans closed -average 4:1 leverage of private investment -2008-2010 loan loss % (Valley of Death) =.0098%

10.  Total = $4,785,472  Tehama County = $1,105,811 (23%)  2006-2009 average = $916,000  2010-2011 average = $560,000 (-39%)

11.  Purpose-> CDFI is a specialized financial institution that works in market niches that are underserved by traditional financial institutions  CDFI certification is a requirement for accessing financial and technical assistance for the US Treasury

12.  Expand financial readiness training and technical assistance  Establish Loan Accelerator to prepare businesses to borrower effectively  Expand capital base prudently  Identify financing gaps for future product development  Partner with local banks

13.  5-person Board of Directors  Oversees the general operations of the 501 c 3 corporation  Private sector members from the tri-county region  25-member CEDS Advisory Board  Membership prescribed by EDA  Responsible for developing area regional plan  Regional plan called the CEDS  2 Tehama County non- governmental appointments open

14.  Help develop the regional plan (CEDS)  Represent the economic interests of the region  Advise professional staff on coordinating and implementing CEDS priorities  Overseeing research, planning, implementation, and advisory functions under the CEDS  Meets 2 times a year with additional meetings as necessary