VALPARAISO – The Regional Development Company (RDC), headquartered in Valparaiso, IN and with a location in Matteson, IL, announced their 2023 year-end accomplishments and elections at their Annual Membership Meeting held at Byway Brewing on November 9, 2023.
The Regional Development Company is a non-profit organization and Certified Development Company (CDC) that administers the U.S. Small Business Administration’s 504 Loan Program for small business growth.
The Board of Directors elected the 2023 slate of officers, which included, Matt Saltanovitz, Indiana Economic Development Corporation, as Chair; Steve Kring, Horizon Bank, as Vice Chair; Rex Richards, Valparaiso Economic Development Corporation, as Secretary; Mike Riehle, LaPorte Economic Advancement Partnership, as Treasurer; and Mike Schneider, Wintrust Bank, as Past Chair.
“This year, the RDC continued to forge ahead with its mission of ‘Making Dreams Come True’ for entrepreneurs across the region,” said Matt Saltanovitz, Board Chairman. “When we support small businesses, we are supporting the lifeblood of our communities. Erica and the staff should be proud of the work the organization accomplished over the last 12 months, and we look forward to another successful year ahead.”
The Membership of Regional Development Company elected three new members to the Board of Directors: Anthony Sindone, economics, and business professor at Purdue University Northwest, Anne Taylor, Executive Director of Planning and Development for the City of Hammond, and Mark Oganovich, Senior Vice President of Business Development with Old National Bank. “These are all great additions to the RDC Board,” commented Erica Dombey, President and Executive Director of the Regional Development Company. “We are adding two fantastic people who work in North Lake County, Indiana. Tony brings deep wisdom regarding trends and forecasting as an economist, and Anne’s experience in economic development and community planning will be a true asset. We’re thrilled to add another lender from the Illinois market with Mark, he’s long been an advocate for, and partner with, the RDC.”
Also elected at the meeting were new Loan Committee members Tim Spoelman of Centier Bank, Tami Pae of First Merchants Bank, and Jesse Hunt of Notre Dame Federal Credit Union. “We’re happy to add a diverse array of lenders to our committee this year, who bring decades of combined commercial lending experience,” said Erica Dombey.
For more information about the Regional Development Company or the U.S. SBA 504 Loan Program, please call the Regional Development Company at 219-476-0504 (Indiana) or 708-960-3177 (Illinois) or visit www.rdc504.org.
