SEDCorp. (AKA the Sierra Economic Development Corp. and a regional economic development leader) announced a “transition” plan tonight. The details are here in a press released published on YubaNet but not on SEDCorp.’s own website.
“On behalf of the Board, we are excited to explore new opportunities during this transition period” said Howard Levine, Board Chair for SEDCorp. “We intend to revitalize the core activities of SEDCorp which include creating a regional comprehensive economic development strategy for Placer, Nevada, El Dorado and Sierra counties and providing technical assistance and direct access to capital for small businesses as an intermediary lender.”
“Successor organization(s) will be determined during the transition period that is expected to be complete early in 2017.”
“Mr. Levine expressed gratitude to Randy Wagner for his leadership of SEDCorp. The Board accepted Mr. Wagner’s resignation, effective November 16th. Kelley Selvy will continue as Loan Officer and Kristin York, Director of Business Innovation at SBC has been named interim CEO of SEDCorp for the transition period.”
Perhaps Russ Steele, listed as a “staff member”; Jon Gregory or Ed Scofield, listed as a board members; or Steve Frisch, CEO of the Sierra Business Council, which has been retained to provide “transitional management services” can elaborate.
“Under ‘recent news,’ SEDCorp.’s latest post is back on August 8 by ‘Russ.’ It reads: ”
“SEDCorp has the following Board Member Openings as of 1 August 2016:
“City of Auburn – Business Person
“City of Colfax – Business Person
“City of Grass Valley – Business Person
“El Dorado County – Business Person
“Placer County – Business Person
“If you are interested in serving your community in anyone of the following positions please contact Randy Wagner using the Contact Tab above.”
SEDCorp. is a 501c4 nonprofit organization charter since 1969 set up to help lead and support regional economic. development.