Sunstone Management Welcomes Director of Economic Development Eric Romero
LONG BEACH, Calif.–(BUSINESS WIRE)–Building on its leadership position in supporting local economic development through innovative public-private partnerships, Sunstone Management today announced that longtime community member Eric Romero has made his proven track record in helping underrepresented small businesses access capital and technical assistance, was appointed Director of Economic Development.
Mr. Romero previously served as a business development officer for the City of Long Beach’s Department of Economic Development, where he oversaw the implementation of economic stimulus programs totaling more than $25 million, administered the the city’s $3 million revolving loan fund, coordinated a $10 million annual The District Improvement Program, managed several strategic partnerships, and managed the development of the city’s 10-year economic development plan.
“Eric not only brings a wealth of knowledge to this position, but also an invaluable perspective on the importance of public-private partnerships in the venture capital industry,” added John Keisler, CEO of Sunstone. “This appointment underscores our commitment to being a new kind of investment company, with an important goal of partnering with cities and counties to establish new avenues of economic opportunity.”
“Sunstone Management’s unique approach to collaborative economic development paves the way for a new approach to venture capital investing,” Romero said. “I am thrilled to have the opportunity to build creative partnerships with cities, counties and universities, to continue to serve local innovators and to advance economic equity among early-stage startups in this new role. .”
Mr. Romero holds a master’s degree in urban and regional planning from UCLA’s Luskin School of Public Affairs and a bachelor’s degree in sociology from CSULB. It also recently received California Accredited Economic Developer status from the California Association for Local Economic Development, California’s premier economic development association.
Sunstone Management has been consistently recognized as one of America’s fastest growing companies by The Financial Times, and recently welcomed its fourth cohort of business founders through its Long Beach Accelerator (LBA), which is a partnership between Sunstone, the Institute for Innovation and Entrepreneurship at California State University Long Beach and the city of Long Beach, California.
About Sunstone Management
Sunstone Management, together with the Sunstone Venture Capital Fund, is a diversified private equity management and investment firm providing comprehensive wealth management solutions to high net worth clients worldwide. Sunstone proactively forges both public-private partnerships with government agencies and industry-academia partnerships with nonprofit educational organizations to promote economic development, championing the growth of the local innovative ecosystem. In addition to its broad engagement in financial services, Sunstone also excels in leading business development projects in emerging sectors to support community development and economic recovery under COVID-19.