{"id":819327,"date":"2025-02-27T11:18:19","date_gmt":"2025-02-27T16:18:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tri-counties-bank-awards-260000-in-economic-development-grants-to-assist-with-business-entrepreneurship-and-housing-stabilization\/"},"modified":"2025-02-27T11:18:19","modified_gmt":"2025-02-27T16:18:19","slug":"tri-counties-bank-awards-260000-in-economic-development-grants-to-assist-with-business-entrepreneurship-and-housing-stabilization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tri-counties-bank-awards-260000-in-economic-development-grants-to-assist-with-business-entrepreneurship-and-housing-stabilization\/","title":{"rendered":"Tri Counties Bank Awards $260,000 in Economic Development Grants to Assist with Business Entrepreneurship and Housing Stabilization"},"content":{"rendered":"

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Tri Counties Bank Awards $260,000 in Economic Development Grants to Assist with Business Entrepreneurship and Housing Stabilization<\/b><\/p>\n

CHICO, Calif.–(BUSINESS WIRE<\/a>)–Tri Counties Bank<\/a>, in collaboration with the Federal Home Loan Bank of San Francisco<\/a> (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.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250227978876\/en\/<\/a><\/p>\n

\"Alchemist<\/p>\n

Alchemist CDC\u2019s $50,000 AHEAD grant will be used to help launch and grow participating businesses at the Alchemist Public Market, which begins construction in Sacramento\u2019s 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)<\/p>\n<\/div>\n

\n\u201cTri Counties Bank is delighted to assist our community partners in obtaining grants that help much-needed programs,\u201d said Danna Prater, Vice President and Director of Community Development at Tri Counties Bank. \u201cThese grants will provide a critical boost to local programs that address pressing community needs and bring greater opportunities to underserved populations.\u201d<\/p>\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\u2019s River District in 2025. Once those businesses have graduated into an outside brick and mortar, Alchemist CDC will assist with moving in new businesses.<\/p>\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.<\/p>\n

\nThe Kashia Band of Pomo Indians, based in the Santa Rosa area, enhances quality of life for its members through comprehensive programs that address housing, health, education, and economic opportunities. The $100,000 AHEAD grant will provide job training through business-focused workshops and support low-income entrepreneurs through microloans, and housing stabilization services through education, rental assistance, and financial planning.<\/p>\n

\nAHEAD grants are awarded annually and delivered through FHLBank San Francisco\u2019s member financial institutions to local community organizations for projects and programs that benefit lower-income and underserved communities. Since the program\u2019s inception in 2004, FHLBank San Francisco has awarded more than $33.1 million in AHEAD grants to over 1,000 economic development projects in Arizona, California, and Nevada.<\/p>\n

\n\u201cThese grants will help boost economic opportunity and create access to vital services and support in Northern California, which can be life-changing for people living in underserved communities,\u201d said Eric Cicourel, community investment officer for FHLBank San Francisco. \u201cWe\u2019re proud that for 20 years and counting, the AHEAD Program continues to make a positive impact throughout the communities we serve.\u201d<\/p>\n

\nIn 2024, FHLBank San Francisco\u2019s board of directors allocated $7.3 million to the AHEAD Program, nearly doubling the funding from 2023, and awarded grants to 84 projects. Tri Counties Bank applied for the grants in partnership with the Alchemist CDC, JEDI, and the Kashia Band of Pomo Indians. Grants were awarded after a competitive selection process.<\/p>\n

\nFor more information about the AHEAD Program, visit https:\/\/www.fhlbsf.com\/<\/a>.<\/p>\n

About Tri Counties Bank<\/b><\/p>\n

\nEstablished in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico and Roseville, California, with assets of nearly $10 billion and 50 years of financial stability. Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide. As California\u2019s Local Bank<\/i>, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism and investments. Tri Counties Bank is recognized as a top workplace, and as a result, recruits and retains diverse and talented team members. Visit TriCountiesBank.com<\/b> to learn more. Member FDIC. Equal Housing Lender. NMLS #458732.<\/p>\n

About the Federal Home Loan Bank of San Francisco<\/b><\/p>\n

\nThe Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources they provide to their member financial institutions \u2014 commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions \u2014 propel homeownership and expand access to quality housing and boost economic development. Together, with their members and other partners, they are making the communities they serve more vibrant, equitable, and resilient. Visit fhlbsf.com<\/b> to learn more.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250227978876\/en\/<\/a><\/span><\/p>\n

\nMegan Sheehan, AVP, Public Relations Manager
\n
MeganSheehan@tcbk.com
\n<\/a>
(530) 332-2330<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Philanthropy Business Other Philanthropy Finance Foundation Banking<\/p>\n

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Alchemist CDC\u2019s $50,000 AHEAD grant will be used to help launch and grow participating businesses at the Alchemist Public Market, which begins construction in Sacramento\u2019s 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)<\/font><\/td>\n<\/tr>\n
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JEDI\u2019s $110,000 AHEAD grant will be used to launch and grow startup culinary enterprises in predominantly rural areas in Northern California through a new Culinary Entrepreneurship Program. — From Left to Right: Charity Abban-Saah, Owner of Sizzle\u2019s Kitchen and Culinary Entrepreneurship Program Partner; Victoria Rodrigues, Program Director for the Women\u2019s Business Center at JEDI; Tessa Borquez, Owner of Alacrity Destination Services and Women\u2019s Business Center Board Member; Danna Prater, Director of Community Development at Tri Counties Bank and JEDI Board Member; and Briana Hutsell, Branch Manager at Tri Counties Bank. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
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The Kashia Band of Pomo Indians will utilize their $100,000 AHEAD grant to provide job training through business-focused workshops and support low-income entrepreneurs through microloans, and housing stabilization services through education, rental assistance, and financial planning. — From left to right: Chris Cappeto, Senior Commercial Relationship Manager at Tri Counties Bank; Robert Smith Jr., Commissioner for Kashia Band of Pomo Indians; Regina Vargas, Fiscal Assistant for Kashia Band of Pomo Indians; Aaron Want, Program Manager for Kashia Band of Pomo Indians; Vaughn Pe\u00f1a, Tribal Administrator for Kashia Band of Pomo Indians; and Rachel Hernandez, Senior Teller at Tri Counties Bank. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
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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 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. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250227978876\/en\/ Alchemist CDC\u2019s $50,000 AHEAD grant will be used to help launch and grow participating businesses at the Alchemist Public Market, which begins construction in … <\/p>\n

Continue reading “Tri Counties Bank Awards $260,000 in Economic Development Grants to Assist with Business Entrepreneurship and Housing Stabilization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-819327","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTri Counties Bank Awards $260,000 in Economic Development Grants to Assist with Business Entrepreneurship and Housing Stabilization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tri-counties-bank-awards-260000-in-economic-development-grants-to-assist-with-business-entrepreneurship-and-housing-stabilization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tri Counties Bank Awards $260,000 in Economic Development Grants to Assist with Business Entrepreneurship and Housing Stabilization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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 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. 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