Business
Tri Counties Bank Awards $260,000 in Economic Development Grants to Assist with Business Entrepreneurship and Housing Stabilization
CHICO, Calif.--(BUSINESS WIRE)-- Tri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and its Access
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[{"type":"text","content":" CHICO, Calif.--(BUSINESS WIRE)--\nTri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and its Access to Housing and Economic Assistance for Development (AHEAD) Program, announced grant awards totaling $260,000 to Alchemist Community Development Corporation (Alchemist CDC) in Sacramento, Jefferson Economic Development Institute (JEDI) in Mount Shasta, and the Kashia Band of Pomo Indians of the Stewarts Point Rancheria in Santa Rosa.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227978876/en/Alchemist CDC’s $50,000 AHEAD grant will be used to help launch and grow participating businesses at the Alchemist Public Market, which begins construction in Sacramento’s River District in 2025. -- From left to right: Sam Greenlee, Executive Director at Alchemist CDC; Jacob Sacks, Alchemist Kitchen Program Manager at Alchemist CDC; and Drew Costa, Community Development Officer at Tri Counties Bank. (Photo: Business Wire)\n“Tri Counties Bank is delighted to assist our community partners in obtaining grants that help much-needed programs,” said Danna Prater, Vice President and Director of Community Development at Tri Counties Bank. “These grants will provide a critical boost to local programs that address pressing community needs and bring greater opportunities to underserved populations.”\n\n\nAlchemist CDC connects Sacramento area residents to land, food, and opportunities through its food business incubator program, Alchemist Kitchen. Their $50,000 AHEAD grant will be used to help launch and grow participating businesses at the Alchemist Public Market, which begins construction in Sacramento’s River District in 2025. Once those businesses have graduated into an outside brick and mortar, Alchemist CDC will assist with moving in new businesses.\n\n\nJEDI strives to increase the economic well-being of people and communities in Northern California through business development and local wealth creation. The $110,000 AHEAD grant will be used to launch and grow startup culinary enterprises in predominantly rural areas through a new Culinary Entrepreneurship Program. The program will include business and food industry coaching, access to venues for product and sales, and microgrants to launch new businesses.\n\n\nThe Kashia ...