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1 City of Riverside& Lahti Region Development (LADEC)
Overview
•January 5, 2026•Mayor Lock Dawson, Councilmember Robillard, and Economic Development •Finland - Lahti Region Development Company (LADEC)•Voltu and Stored Power Technology•Clean mobility, innovation, and long-term partnership opportunities. 1 2
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2 •Regional economic development organization•Based in Lahti, Finland (close to Helsinki)•Emphasis on Innovation and Internationalization (e.g. Electric Mobility Research Center, Living Lab for EU market)•Focus on sustainability and clean tech (European Green Capital 2021) Lahti Region Development (LADEC)
Why LADEC & Why Riverside?
LADEC: internationalization, clean technology growth, innovation collaborationRiverside: innovation, sustainability, and business attraction prioritiesShared interest in U.S.–EU market access 3 4
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3 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 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 and coordination 5 6
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4 ACME CorporationOf AmericaProjectPresentation
Potential Areas•Sustainability•Clean technologies & advanced manufacturing•E-mobility & smart cities•Green building & construction•Pilot and demonstration projects Focus Areas of Collaboration
Conclusion
Benefits: •No General Fund impact•Strengthening international relations •Expanding economic interest in Riverside Staff Recommendation:
Economic Development Committee recommends executing the MOU 7 8 3/12/2026
5 Carlos AguileraProject ManagerEconomic Development www.riversideca.gov/cedd@[email protected](951) 966-6789 THANK YOU!
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