Program areas at Solano EDC
Solano Business First! is a network of all cities and partner organizations dedicated to reaching out and assisting existing companies in their cities by connecting them with specific resources, information, and services. Resources and services are available to assist businesses with expansions, address economic difficulties, access local, state and federal incentives and with assistance to help the company be more competitive in the broader marketplace.
As a Resource hub, the EDC provides demographic reports for special areas of interest, including information on available workforce, water rates, major employers, and occupations. For companies seeking business financing, the EDC will (1) Make referrals to agencies to assist with loan guarantees, direct financing, SBA loan packages, equipment and real estate financing and Industrial Development Bonds. (2) Assist businesses using recycled materials or diverting materials from the waste stream with Californias Recycling Market Development Zone Loan Program; and (3) Assist with project development infrastructure program financing partnered with a local city.
Confidential Site Location Assistance: Solano EDC works on a confidential basis with companies seeking to identify sites or buildings in the county, provides proposals and data per their request for location-decision evaluation, and will coordinate site tours. Once a company has identified specific sites that meet their needs, the City Economic Development representative will provide primary assistance, with the EDC continuing to provide data on workforce or access to programs to assist with location.
Who funds Solano EDC
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Sutter Valley Hospitals | 2022-12 | | $25,000 |
Valley Strong Cu | 2022-12 | To Assist in the Growth, and Retainment of Business and Industry in Solano County. | $12,500 |
Personnel at Solano EDC
Name | Title | Compensation | Date of data |
---|
Christopher E Rico | President and Chief Executive Officer | $184,994 | 2023-12-04 |
J Paul Harrington | Program Manager | $128,283 | 2023-06-30 |
Sean P Quinn | Past Interim President and Chief Executive Officer / Director | $45,025 | 2022-06-30 |
Albert Lavezzo | Secretary | $0 | 2023-06-30 |
Celia Esposito-Noy | Chairman | $0 | 2023-06-30 |
...and 2 more key personnel |
Financials for Solano EDC
Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $1,334,397 | $958,829 | 39.2% |
Investment income and dividends | $6 | $39 | -84.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $6,783 | $13,078 | -48.1% |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $2,658 | $0 | 999% |
Total revenues | $1,343,844 | $971,946 | 38.3% |
Organizations like Solano EDC
Organization | Type | Location | Revenue |
---|
Lake Superior Community Partnership | 501(c)(6) | Marquette, MI | $728,201 |
York County Economic Alliance | 501(c)(6) | York, PA | $3,255,423 |
One Southern Indiana | 501(c)(6) | New Albany, IN | $1,937,491 |
Economic Development Corporation of Utah (EDCU) | 501(c)(6) | Salt Lake City, UT | $2,950,947 |
Chester County Economic Development Council (CCEDC) | 501(c)(6) | Exton, PA | $4,816,221 |
Boone County Economic Development | 501(c)(6) | Lebanon, IN | $732,600 |
Limestone County Economic Development Assn | 501(c)(6) | Athens, AL | $478,785 |
Desoto County Economic Development Council | 501(c)(6) | Southaven, MS | $878,105 |
Grand Forks Region Economic Development Corporation | 501(c)(6) | Grand Forks, ND | $1,073,194 |
Ithaca Area Economic Development (TCAD) | 501(c)(6) | Ithaca, NY | $830,075 |
Data update history
February 4, 2024
Updated personnel
Identified 18 new personnel
February 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 8, 2023
Updated personnel
Identified 18 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsFundraising eventsState / local levelFundraising races, competitions, and tournaments
General information
- Address
- 5050 Business Dr
- Fairfield, CA 94534
- Metro area
- Vallejo, CA
- County
- Solano County, CA
- Website URL
- solanoedc.org/Â
- Phone
- (707) 864-1855
IRS details
- EIN
- 91-1790564
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1997
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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