what is soredi? a private non-profit organization dedicated to increasing the long-term prosperity...

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What is SOREDI? A private non-profit organization dedicated to increasing the long- term prosperity of Jackson and Josephine Counties in Southern Oregon Governed by 21-member board of directors Membership fee-based organization 5.5 FTE - member staff Promoting regional economic growth since 1987

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Page 1: What is SOREDI? A private non-profit organization dedicated to increasing the long-term prosperity of Jackson and Josephine Counties in Southern Oregon

What is SOREDI?

• A private non-profit organization dedicated to increasing the long-term prosperity of Jackson and Josephine Counties in Southern Oregon

• Governed by 21-member board of directors • Membership fee-based organization• 5.5 FTE - member staff• Promoting regional economic growth since 1987

Page 2: What is SOREDI? A private non-profit organization dedicated to increasing the long-term prosperity of Jackson and Josephine Counties in Southern Oregon

Financial AssistanceHelping fund start-ups and expansions.

• SOREDI manages a $6.4 million revolving loan fund for private business

• Nearly 195 loans totally $14.5 million made in 18 years

• Leveraged over $30 million in private funds• Created or retained over 2,900 jobs• Over $1.5 million available to lend

Reg Powell, SOREDI & Linda Donovan, Pallet Wine Industries ~ Medford

Duane and Belinda Marzi, Marzi Sinks ~ Grants Pass

Page 3: What is SOREDI? A private non-profit organization dedicated to increasing the long-term prosperity of Jackson and Josephine Counties in Southern Oregon

Jefferson Grapevine Network

Page 4: What is SOREDI? A private non-profit organization dedicated to increasing the long-term prosperity of Jackson and Josephine Counties in Southern Oregon

Some businesses need funding options other than loans

Folium Partners Montrue Technologies