The Bank of the Cascades is teaming up with Economic Development for Central Oregon in hopes of bringing new jobs and businesses to Central Oregon. As the lead partner in the project, the bank will provide the resources needed to continues EDCO's program that helps new businesses get established.
1110 KBND news spokes with Bank of the Cascades President and CEO, Terry Zink about the partnership. He says, "One of the things that we've been looking for are ways as a Community Bank to help stimulate the economy in the area that we serve. And probably the best way to do that is through economic development. I met with EDCO and people with 'Venture Box' and in fairness- they came up with the plan".
The Bank of the Cascades is the first private business partner investing in EDCO's Venture Catalyst Program. The idea was launched three years ago with a Small Business Administration grant.