The City of Riverside last week signed a Memorandum of Understanding (MOU) with Lahti Region Development LADEC, Ltd. (LADEC), a regional development organization in Finland.
The non-binding MOU establishes a framework for cooperation in key sectors including sustainability and circular economy, e-mobility, smart city solutions, green building, research and development, and workforce development. It also positions Riverside as a “soft-landing” location for Finnish companies seeking to expand into the U.S. market, while supporting Riverside-based businesses in accessing opportunities in Europe.
“Riverside is building a globally connected economy that delivers opportunity for our residents and businesses,” Mayor Patricia Lock Dawson said. “This partnership with LADEC connects Riverside to one of Europe’s leaders in sustainable transportation. Together, we are creating a bridge for innovation, investment, and job creation that will benefit both our communities.”…