Riverside County Office of the Economic Development

By: Sharjeel Sohaib


Oct 20, 2021


Office of the Economic Development, Riverside

Utilize Our Platform

The County of Riverside’s Office of Economic Development (OED) offers support to grow or expand business in the County of Riverside.

It partners with over 75 economic development agencies to foster growth and build assets in communities across the County. There are many reasons to locate or expand a business in Riverside County. Through effective collaboration, the Office of Economic Development creates provides resources and information support for:

  • COVID-19 Business Resources
  • Opportunity Zones
  • Entrepreneurial support
  • Educational opportunities
  • Financing
  • Online training programs

We have covered this in our Weekly Wire Roundup

Financing Support

The OED especially pays attention to financing support options available via partner organizations. Riverside County also closely supports businesses to acquire low-cost, long-term financing for qualified businesses expanding, upgrading existing facilities, or relocating them to Riverside County.

Some of the partner loans include:

1. SBA Loans

Businesses can approach the Office of Economic Development to help secure Small Business Administration (SBA) business loans. Although SBA will be the entity authorizing the loan, OED can help put up a nice application.

You can use these loans to start or expand your business. A smart tool by SBA is called ‘Lender Match,‘ which helps you to connect to a relevant lender in your area.

The SBA also runs a local office called Orange County/Inland Empire District Office

2. CDC Small Business Loan

The website CDC Loans provides financing options designed for entrepreneurs providing access from $20,000- $250,000. CDC structures it as a monthly payment you can afford, with fixed and variable rates available to meet your needs.

The financing is given for 5-10 year terms and is meant to improve cash flow with complimentary business advising options. It is available in California, apart from other states.

CDC Small Business Finance has delivered over $165,000,000 to minorities, women, and veterans.

3. Accion Opportunity Fund

Accion Opportunity Fund provides loans in various sizes with flexible payment schedules. Apart from financing and loans, you can also access its resource library containing training and learning resources from payroll to marketing and almost any question about running a business.

It also provides access to coaching, programs, and access to a variety of support networks.

4. Economic Development Rate (EDR) Program

Under the EDR program, your business can get rate discounts for retaining, expanding, or locating your business operations within SCEโ€™s (Southern California Edisonโ€™s) service territory.

SCE is the largest subsidiary of Edison International and is the primary electricity supply company for much of Southern California.

What type of business should apply for EDR grant?

Candidates include electricity intensive businesses sensitive to electricity rates and businesses that would relocate outside of California or cease operations but for the incentives afforded under SCEโ€™s EDR program.


You can access further information here.

OED Events and Reports

The OED of Riverside County also holds events related to manufacturing or business functions like branding strategies for startups.

The OED also publishes special sector-specific reports to inform decision-makers of the region.

Some of its key reports include:

  • Retail Market Report – Inland Empire
  • Office Market Report – Inland Empire
  • Industrial Market Report – Inland Empire


Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Support Startup News & Media!

Enjoying the startup news & media? Support us!

We have big plans, and we need your help!

Startempire Wire is a community of people working together to promote innovation, entrepreneurship, and investment in the Inland Empire. We provide resources and connect people with the startup culture.

We believe that the Inland Empire has all of the ingredients for success. This region just needs a platform to show the world what it can do – And this is exactly what Startempirewire.com is doing. Our goal is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire.

We have big plans, and we need your help! If you are passionate about creating a thriving local startup ecosystem, then we would like to invite you to join in contributing to the community by supporting us. You can do that by supporting us financially or by being an active contributor. In return, we will give you (depending on sponsorship level) free access to our content, other level based perks &ย  the opportunity to connect with a network of passionate people working to build a better future for all of us.

We cover the good and the bad of entrepreneurship, startups & business events; we do it with passion and purpose. If you like what we do, support us & please consider becoming a patron. Your support is essential for independent local startup media to survive & thrive.

You can make a regular one time donation to become a sponsor at any level, or you can choose to become a monthly or event sponsor.ย  Every little bit counts! Thank You

Verious B. Smith III

Founder, Startempire Wire

Related Articles

Reunion Kitchen & Drink Brings its Upscale Vibe to The Shops  . . .

Reunion Kitchen & Drink Brings its Upscale Vibe to The Shops . . .

Reunion Kitchen + Drink, the polished and modern comfort-food spot, is expanding its presence by opening a new restaurant at The Shops at Dos Lagos. With its successful locations in Anaheim Hills and Laguna Beach, Reunion Kitchen will bring its upscale dining...

Eagle Mountain: California’s Ghost Town to Make a Comeback

Eagle Mountain: California’s Ghost Town to Make a Comeback

Eagle Mountain, a once-thriving company town in the California desert, has captured the attention of a mystery buyer. Recently sold for a whopping $22.5 million, this ghost town is about to embark on a new chapter in its storied history. Let's delve into the...

Ramen Reimagined: Yoshiharu Expands to Corona, California

Ramen Reimagined: Yoshiharu Expands to Corona, California

Yoshiharu, a renowned California-based restaurant operator specializing in authentic Japanese ramen, is thrilled to announce the upcoming opening of its ninth restaurant in Corona, California. Scheduled to open its doors on April 21st, 2023, this new location is set...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of ourย  website.ย  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

My cart
Your cart is empty.

Looks like you haven't made a choice yet.