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Arcata Economic Development Corporation

Arcata Economic Development Corporation is a nonprofit that has provided two AFI grants since 2008 with the objective of supporting entrepreneurial, innovative business, and community endeavors.

Arcata Economic Development Corporation emphasizes business capitalization with the goal of contributing to a creative and innovative economic development system based on regional values for a healthy economy; supporting the development and expansion of new and existing businesses; creation, enhancement, and retention of jobs; and improving the participants’ standard of living. Arcata Economic Development Corporation has been successful in offering small business training services.

Partners

Arcata Economic Development Corporation partners with North Coast Small Business Development Center, Consumer Credit Counseling Services, West Company, and Jefferson Economic Development Institute to provide financial education, one-on-one business counseling, and outreach.

Assets for Independence Grant History

Name	Amount	Start Date	End Date
90EI0684	$91,096	6/1/2011	5/31/2016
90EI0567	$136,500	9/1/2008	8/31/2013

Project Title

Prosperity IDA Scholarship Program for Outlying Counties

Highlights/Outcomes

109 IDAs have been opened.

99 participants have received financial education.

$94,137 saved by participants.

57 participants have purchased an asset.

Total AFI Funding

Total AFI Grant Funding: $227,596
Total Non-Federal Support: $227,596

Focus Population

Arcata Economic Development Corporation focuses on eligible individuals and families on the North Coast, including the counties of Del Norte, Mendocino, and Siskiyou in California.

Contact

Arcata Economic Development Corporation
100 Ericson Court, Suite 100A
Arcata, CA 95521
(707) 822-4616 x15