Rappahannock Economic Development Corporation

Staff

Headquarters

1125 Jefferson Davis Highway, Suite 420
Fredericksburg, Virginia, 22401

Main: 540-373-2897
Fax: 540-526-9898

Joe DiStefano, President
Office: 540-373-2897 | Cell: 540-226-6131 | Email: jdistefano@redco504.org

Joe is a seasoned financial services professional with a depth of both local market knowledge and business management skills. Drawing on nearly 20 years of professional leadership and commercial banking expertise, Joe brings particular competencies in small business lending, risk analysis, and relationship management. Joe directs and oversees all aspects of REDCO credit underwriting and the full loan process, as well as marketing, strategic planning, and business development throughout the entire state of Virginia.

Prior to joining REDCO, Joe spent nearly 15 years as a commercial lender with a regional, Northern Virginia-based bank, most recently serving as Senior Vice President & Market Executive. Joe is also an Army veteran, serving 10 years on both active duty and in the reserve. From 2004-2005, he served as an infantry team leader in Afghanistan in support of Operation Enduring Freedom.

Joe holds a Bachelor of Arts degree in English from George Mason University, and is a graduate of the Virginia Bankers Association School of Bank Management. He is also a 2014 graduate of the Fredericksburg Regional Chamber of Commerce Leadership Fredericksburg program. Joe gives back to the community as a volunteer and contributor to many local organizations and non-profits, with a particular focus on veteran initiatives and youth soccer. He participates in member organizations including the Fredericksburg Regional Chamber of Commerce and the University of Mary Washington Center for Economic Development Veteran Owned Business Executive Roundtable.

Allison Clift, Director of Operations
Office: 540-373-2897 |Cell: 540-273-1774 | Email: aclift@redco504.org

Allison brings several years of experience as a paralegal, with a specific focus on corporate real estate law, and in her career has worked with both locally-based practices as well as one of the largest law firms in the world. As Director of Operations, Allison is responsible for REDCO’s loan closings and servicing. Her responsibilities include working with our borrowers and partners to ensure an efficient, smooth loan closing process, and also servicing loans throughout their life cycle. Her responsibilities also include ensuring that the portfolio remains compliant with all SBA requirements. Allison also manages the administration of employee benefits and payroll, and assists in REDCO’s annual audit and annual report.

Board of Directors

Mike Kennison, Chairman
PBMares

Charlie Payne, Immediate Past Chairman
Hirschler Fleischer

Jeff Rouse, Vice Chairman
Wells Fargo Bank

Brenda Hisghman, Secretary
First Citizens Bank

Bill Oeters, Assistant Secretary
Carter Bank & Trust

Ralph Sutton, Treasurer
Sutton & Associates LLC

Steven Apicella
Federal Government
Stafford County Planning Commission

Lori Canova
Virginia Partners Bank

Jim Howard
Federal Government
King George Board of Supervisors

Ben Keddie
Coldwell Banker Elite

Matt Kelly
Loudoun Mutual Insurance Company
Fredericksburg City Council

Blanton Massey, JD
Blanton Massey & Associates

Don Newlin
Stifel
Stafford Economic Development Authority

Curry Roberts
Fredericksburg Regional Alliance

Linwood Thomas
King George Economic Development Authority