Regional Development Corporation

“Irs form 990 is electronically circulated to all members of the board of directors for questions and comments prior to the 990 being filed with the irs”

“The board conducts an annual review of compliance with its conflict of interest policies.”

“The board provides the executive director with an annual performance evaluation. The board annually approves the executive directors compensation. The board is aware of comparable salaries for other executive directors of similar organizations and in the region and believes the salary of the executive director is appropriate in relation to that contemporaneous information. The board annually approves the budget for the organization, which includes other staff compensation. The board designates the executive director with the authority to set other staff compensation.”

“Irs form 990 is available to other organizations and individuals on the web site www.guidestar.org or at the organization's physical address, upon request. Rdc also makes its form 1023 available upon request.”

“The regional development corporation (rdc) is a private non-profit 501(c) (3) organization dedicated to improving economic development in northern new mexico. Rdc provides private investment opportunities and technical assistance to facilitate job growth and diversify the economies of communities in the following seven counties: los alamos, mora, rio arriba, sandoval, san miguel, santa fe, taos, and the municipalities and native american pueblos therein.”

“Regional development corporation initiatives include business retention & expansion which provides one-on-one technical assistance services to current and future business owners free of charge. This initiative includes funding opportunities to help diversify the local economies in northern new mexico outside of los alamos national laboratory interests. Other initiatives include the workforce and academic network pilot project to convene industry and academic statekholders in order to help job seekers and students more easily access training and education for the construction industry in northern new mexico and the higher education workforce project which is a partnership between rdc and northern new mexico higher education institutions to identify training needs and develop a well-educated workforce in the region. These initiatives are largely funded by triad national security, llc (triad), the company that manages los alamos national laboratory. Rdc's initiatives continued to stimulate economic diversification and development in northern new mexico through creation of new jobs, lessening the impact of reductions at los alamos national labs.”