Role of RDOs in Business Development Finance

Posted on: January 20th, 2012 by Matthew Chase

Growing Your Region’s Economy with Small Businesses and Entrepreneurs is a new publication by the NADO Research Foundation.  It highlights the innovative approaches being taken by five regional development organizations (RDO) in Colorado, Oregon, Texas, and Wisconsin to spur job growth through new business startups or existing business expansions. 

  • In Wisconsin, the Northwest Regional Planning Commission (http://www NULL.nwrpc NULL.com/) and the West Central Wisconsin Regional Planning Commission (http://www NULL.wcwrpc NULL.org) have worked with the state to consolidate HUD CDBG loan programs into more productive regional lending pools, resulting in reduced administrative barriers, increased capacity, and streamlined processes to achieve efficiencies.  More importantly, they have increased business lending activity for technology companies, manufacturing firms and other area businesses.
  • The Southern Oregon Regional Economic Development Inc . (SOREDI), (http://www NULL.soredi NULL.org/) based in Oregon, helps small businesses and entrepreneurs through the Jefferson Grapevine (http://www NULL.jeffersongrapevine NULL.org/) innovation network that provides technical assistance and resources to businesses, and  connects them to potential investors. SOREDI also assists businesses through the Southern Oregon Angel Investment Network (http://www NULL.southernoregonangelinvestors NULL.com/), a group of accredited investors seeking equity investments in early-stage companies.
  • In Colorado, the Region 9 Economic Development District (http://www NULL.scan NULL.org/) promotes business growth through a partnership program called the Growth Company Initiative.
  • In Texas, the Southern Plains Association of Governments (http://www NULL.spag NULL.org/) manages a number of federal small business loan funds to have a big impact on the 15-county region.

The report includes information about each programs financing, successes and challenges, impact, and more.

Download the report.

The report is a product of the NADO Research Foundation’s work with the Small Business Administration (SBAHQ-10-I-0317) and should not be construed as an endorsement of any products, opinions or services.  All SBA-funded projects are extended to the public on a non-discriminatory basis.

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