Business Brief | AEDC wins $5 million grant to work on sustainable industry – Times-Standard

AEDC Receives $5 Million in Grants for Sustainable Industries

On Friday. Arcata Economic Development Corporation awarded him a $5 million grant from the California Community Economic Resilience Fund to support the planning process to develop a sustainable industry that creates high-quality, accessible jobs for all. announced that it will work AEDC manages the funds on behalf of the Redwood Coast region, which includes Humboldt, Del Norte, Mendocino, and Lake counties, and partners with Cal Poly Humboldt’s California Rural Policy Center.

“AEDC has been working for decades to provide loans to small businesses within these four counties,” AEDC Executive Director Ross Welch said in a prepared statement. “These funds will allow us to work together and think bigger on infrastructure and community development projects and programs that support the entire region. We are excited to be a part of it.”

The Redwood Region’s RISE (Resilient, Inclusive, Sustainable Economy) plan effort will run from November to September 2024 to grow industries and support the goal of achieving carbon neutrality by 2030 across the region. create a plan that recommends project investments for

“(California Center for Rural Policy) is excited to leverage our long history of participatory research and engagement in the region to help achieve CERF’s goals. It’s about setting the table where people, workers, business leaders, professionals and policy makers can work together towards a vision of a prosperous, carbon-neutral and equitable future,” said CCRP Executive Director Dawn Arledge. said in a news release.

Coast Central announces $100,000 grant

James T. Sessa, president and CEO of Coast Central Credit Union, announced that its board of directors has approved $100,000 in grants to 12 local organizations through the spring round of the Community Investment Program, totaling $100,000 since 2008. Awarded $2 million. A total of 48 nonprofits requested $600,000.

Fall 2022 winners are:

Humboldt County

• $20,000 to Eureka Rescue Mission to purchase bunk beds and mattresses
• $20,000 for Fortuna Senior Center and bathrooms in new building
• $10,000 for Telegraph Ridge Fire Protection to repair and upgrade fire stations
• $9,800 to Hoopa American Legion Post 415 for a new roof for the community center
• $6,600 to HCAR Bay Center for work program storage
• $6,500 as a backup generator at the Mattole Valley Resource Center
• $4,500 to the Humboldt Bay Rowing Association for boat trailer repairs
• $3,900 buys Mad River’s Adult Day Health Care a new office computer
• $3,500 for New Digital Radio in Whitethorn Volunteer Fire District

Humboldt/Trinity County

• $3,500 for Willow Creek Fire Safety (maintenance cost of chipper for brush reduction)

Del Norte County

• Purchased $9,200 of new equipment for Lighthouse Repertory Theater

trinity county

• $2,500 in New Radio Supplies for Coffee Creek Volunteer Fire Department

“This program started 14 years ago as a way to donate $100,000 annually to local nonprofits as part of the long-standing credit union motto, People Helping People,” Sessa said. “Five years ago, we were very lucky to increase that to $200,000 a year. I would like to express my deep gratitude.”

The Spring 2023 round will begin on February 1, 2023 at coastccu.org/community/community-giving.