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Arcata Economic Development Corporation
100 Ericson Court, Suite 100Arcata CA, 95521
CDFI Awards for Arcata Economic Development Corporation
TA (2008) - $97,728
Arcata Economic Development Corporation (AEDC) is a nonprofit loan fund in operation since 1978 AEDC provides micro-loans to small businesses and residents in economically disadvantaged communities in rural Northern California The FY08 Technical Assistance grant will be used to: 1) cover the salary of a new staff; 2) engage a consultant to conduct a market analysis; 3) cover the startup costs of a new office; and 4) purchase materials and equipment for the new office.
TA (2005) - $36,060
AEDC will use the 2005 TA grant of $36,060 as follows: 1) consulting services to create electronic files from existing paper-based files including data entry and document scanning; 2) purchase document scanning and management software; and 3) purchase presentation technology.
TA (2004) - $28,500
Arcata Economic Development Corporation is receiving the award for the purpose of enhancing its risk management policies, purchasing portfolio monitoring software, obtaining staff training in underwriting, and conducting board development.
TA (2003) - $50,000
AEDC received a CDFI Program Technical Assistance grant in the amount of $50,000 to obtain consulting services for the development of capitalization and strategic plans and website design; technology equipment for staff; and staff training in community development lending and software application.
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Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
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The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.
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