EUREKA – The Redwood Region Economic Development Commission (RREDC) has announced that it has hired Gregg Foster as its new executive director. Foster rejoins the agency for the third time, having served as executive director from 1999 to 2007 and again from 2009 to 2012.
“The board and I are pleased to have Gregg rejoin RREDC and look forward to working with him for the benefit of all of Humboldt County,” said RREDC chairperson and Fortuna Mayor, Sue Long. “Gregg shares the board’s commitment to economic development and public service. Gregg’s long involvement in the community has built a strong network that will increase RREDC’s effectiveness.”
Foster has spent the previous three years as a Vice-President and business lender for Redwood Capital Bank. John Dalby the President and CEO of Redwood Capital Bank said “It is with mixed emotions that we see Gregg Foster return to his leadership role at RREDC. We have both enjoyed and benefited from his tenure with Redwood Capital Bank and he will be missed. At the same time, we have seen the work that Gregg has done in the past at the helm of RREDC and we know the greater community will be well served by this change.”
A Humboldt County native, Foster graduated from South Fork High School and the University of California Davis. He has worked in the private, non-profit and government sectors. In his previous tenure, RREDC took a lead role in advocating and developing local telecommunications infrastructure and air service. Foster currently serves on the board of directors of the St. Joseph Hospital Foundation, the Humboldt State University Center, the Humboldt County Convention and Visitor’s Bureau, and the North Coast Small Business Resource Center.
“I look forward to working with the board and staff of RREDC. I have always believed that there are many great opportunities for business and economic development in Humboldt County,” said Foster. “I know that, working together, we can bring many of these opportunities to fruition.”
RREDC is a collaboration of Humboldt County communities dedicated to expanding economic opportunity in Humboldt County. Founded in 1977 and governed by a Board of Directors of elected officials from throughout Humboldt County, RREDC’s mission is to expand the capital available to local businesses and organizations and provide leadership in regional economic development.
In addition to regional economic development projects, RREDC makes loans to businesses that do not qualify for traditional financing. Interest from the loan program funds RREDC’s operations and increases the funds available for lending. RREDC receives no outside financial support for its operations. www.rredc.com