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Modoc
Economic Development Corporation
 The Modoc Economic
Development Corporation and the citizens of Modoc County welcome
you to visit us and explore our unique area. Modoc County is
4,340 square miles of high desert beauty, unspoiled, unpolluted
and un-crowded. The elevation ranges from 4,000 to 10,000 feet,
90 percent of the county consists of national forests, refuges
and wilderness areas.
 The Modoc Economic
Development Corporation is a non-profit organization consisting
of local business owners working toward developing a healthier
economy for the county. They carefully administer a revolving
loan fund for business start-ups and job creation. The MEDC
board is very active supporting local economic development
activity. They assist in grant applications, provide input for
local projects and are just all ‘round good folks interested in
healthy business development. You will find our towns and
communities safe and inviting. We encourage you to visit our
shops and eateries, and relax the Modoc way!.
We hope you enjoy your stay,
and if you are interested in starting or relocating your
business to Modoc, we will be happy to assist you in any way we
can.
Sincerely,
The Board members of the Modoc Economic Development Corporation.
About MEDC
Modoc County Economic Development Corporation
is a non-profit organization. The MEDC was founded in 1985
in order to diversify and strengthen the economy of Modoc
County. Modoc Economic Development Corporation (MEDC) developed
a local Revolving Loan Fund to assist in establishing
existing businesses in our area. MEDC board members consists of
local Modoc County citizens.
Business Resources
- Modoc Economic Development
Corp.
- Local Revolving loan
fund
- Microenterprise Development
Program
- Business Startups Training
- Alliance for Workforce
Development
- HR support, recruitment, etc.
Business Resource Library
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- Superior Calif. Economic Dev. Corp.
- Revolving loan fund
- Business Assistance
- Small Business Development Center
- Business Start up resources
- Expansion, retention resources
- Financing referrals
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Revolving Loan Fund
Modoc Economic
Development Corp offers business development loans to
qualifying new and established businesses in Modoc County.
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Basic Qualifications |
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Eligible Uses |
- Be a resident of Modoc County.
- Create new or retain existing jobs.
- "For Profit" business.
- Business owners have good character.
- Business owners must show business
management & loan repayment abilities.
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- Business start-up expenses.
- Working capital.
- Inventory.
- Machinery & equipment.
- Funding companion Loan.
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Long Term and Fees |
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Maximum Loan Amount |
- Loans may be repaid over a term of up to
5 years, depending upon the purpose.
- Interest rate will vary.
- Loan Fees are typically $50 - $250.
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- $500 -- $50,000.
- Maximum loan amount will vary depending
on purpose and other factors.
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Collateral |
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Review Process |
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Collateral is normally required on all loans;
most tangible assets may be considered for collateral purposes. |
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The MEDC board of directors reviews each application individually to
access borrower's complete loan package. Decisions will be made
based on availability of loan funds. |
Other Business Resources offered
at Modoc Employment Center
Microenterprise Development Program entrepreneurial training and
technical assistance. Call 530-233-2515.
Superior California Economic Development District business
loans, technical assistance projects, community planning and
strengthening.
Alliance for Workforce Development HR support, employee
recruitment and screening, employee training programs,
business workshops, etc. Call 530-233-4161.
Sierra College Small Business Development Center business
counseling.
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Modoc County
Economic Development Corporation
320 South Main
Street
Alturas, California 96101
Phone: 530-233-2515
Also
Phone: 530-233-1999 |
Call (530) 233-4434 or
E-mail Us:
contactus@alturaschamber.org
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© 2004-2006 Alturas Chamber of Commerce. All Rights
Reserved.
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Photo Credits: Alturas Overlook, Horsebackriding, and Modoc
County Courthouse
photos by Lacy Summers - Balloon photo by Lynda Demsher. |
