City of Riverside
&
Lahti Region
Development
(LADEC)
CITY OF
Riverside
ECONOMIC DEVELOPMENT
Overview LADEC • January 5, 2026
LAHTI REGION DEVELOPMENT • Mayor Lock Dawson,
Councilmember Robillard,
and Economic
Development
• Finland - Lahti Region
• Riversid Development Company
Riverside (LADEC)
Welc
CAL:
• Voltu and Stored Power
Technology
• Clean mobility, innovation,
and long-term partnership
opportunities.
• Regional economic development organization
Lahti Region
• Based in Lahti, Finland (close to Helsinki)
• Emphasis on Innovation and Internationalization (e.g.
Development
Electric Mobility Research Center, Living Lab for EU market) • Focus on sustainability and clean tech (European Green (LADEC)
Capital 2021)
Riverside Riverside
Why LADEC & Why Riverside?
LADEC: internationalization, clean technology growth,
innovation collaboration
Riverside: innovation, sustainability, and business
attraction priorities
CITY OF
Shared interest in U.S.-EU market access R Riverside
ECONOMIC DEVELOPMENT
Why This MOU Matters to Riverside
Strategic Value
• Positions Riverside as
a landing location for
Finland businesses
• Advances clean tech
and sustainability
sectors
• Creates pathways for
local companies into
European markets
CITY OF
R Riverside
ECONOMIC DEVELOPMENT
MOU - City's Role
• Establishes our partnership effective
through December 31, 2027
• Does not include funding, approve
projects, or commit City resources
• Positions the City in a coordination and
facilitation role, including:
• Connecting companies to potential
sites
• Coordinating with regional and local
partners
• Providing concierge-style guidance CITY OF
and coordination Riverside
ECONOMIC DEVELOPMENT
Focus Areas
of
Collaboration
Potential Areas
• Sustainability
• Clean technologies & advanced
manufacturing
• E-mobility & smart cities
• Green building & construction
• Pilot and demonstration
projects
CITY OF
R Riverside
ECONOMIC DEVELOPMENT
Conclusion
Benefits:
• No General Fund impact
• Strengthening international relations
• Expanding economic interest in
Riverside
Staff Recommendation:
V Economic Development Committee
recommends executing the MOU
CITY OF
R Riverside
ECONOMIC DEVELOPMENT
THANK YOU! CITY OF
R Riverside
ECONOMIC DEVELOPMENT
Carlos Aguilera CrE
Project Manager..
Economic Development
-(951) 966-6789 [email protected]
w.riversideca.gov/cedd @@rivecondev