The Siskiyou County EDC offers CDBG loan programs and the Recycling Market Development Zone program to providing funding to businesses located in Siskiyou County.
CDBG is a Community Development Block Grant in which the proceeds for the loan originate. The California State Department of Housing and Community Development
(HCD) distributes and monitors programs funded by Federal Community Development Block Grant funds. HCD distributes the funds to counties and cities to provide economic development within that jurisdiction. The Siskiyou County Economic Development Council (EDC) helps the county and cities with the administration of the loans.
The loans we offer are for business expansion and start-up. They typically have terms which allow for greater flexibility than a bank funded loan, primarily because the funds are reserved for businesses that create or retain jobs for low to mid- income employees. We can loan $35,000 to $200,000.00 and can go directly to the state for larger loans of up to million. With the loan you can:
- Start-up your business
- Expand your business
- Purchase an existing business
- Acquire land or a building
- Purchase machinery & equipment
- Purchase inventory
The state and EDC have certain criteria that have to be met in order to qualify for the loans. If you are starting out or want to expand your business and have never applied for a business loan before there are several areas that may be daunting. Not to worry. SCEDC can help you with the process and there are resources in Siskiyou County and the surrounding area to help you prepare your application for approval.
Recycling Market Development Zone (RMDZ)
The Recycling Market Development Zone
(RMDZ) is a two-way partnership between the Siskiyou County Economic Development Council (SCEDC) and CalRecycle. The RMDZ forms a nexus of local landfill diversion and economic development efforts. Essential to this partnership is the participation of recycling based business. RMDZ representatives search for competent, motivated processors and manufacturers willing to initiate or expand the use of recycled materials. The RMDZ program is designed to give local recycling based businesses a competitive edge and offers low interest loans to eligible companies.
The RMDZ works to divert significant quantities of recoverable resources from being thrown into Siskiyou County transfer sites. The RMDZ stimulates the usage of recycled materials by local manufacturers. Using recycled materials will help to create a local market for recyclables and products made from recycled products.
TerraMai is one of Siskiyou County's RMDZ businesses. The company sources reclaimed wood from the United States and throughout the world to provide unique and beautiful commercial and residential wood products. Products include flooring, decking, siding and custom work.