70107939
Project Grant
Overview
Grant Description
This EDA investment supports the Alchemist Community Development Corporation (CDC) with constructing a new facility focused on workforce development, job training, and public market space for underserved entrepreneurs in Sacramento County, California. This all-electric campus will have a new infrastructure and accessory structures that will have a variety of incubator and food centric options for the community inside a central building on the lot.
The project work includes constructing a commercial grade kitchen used by businesses, and individuals participating in the incubator, establishing a social enterprise cafe that will be focused on workforce development, and job training. Once completed, the project will bolster job creation, attract private investment, and strengthen the regional economy.
The project work includes constructing a commercial grade kitchen used by businesses, and individuals participating in the incubator, establishing a social enterprise cafe that will be focused on workforce development, and job training. Once completed, the project will bolster job creation, attract private investment, and strengthen the regional economy.
Awardee
Funding Goals
SUBJECT TO THE AVAILABILITY OF FUNDS, AWARDS MADE UNDER THIS NOFO WILL ASSIST COMMUNITIES AND REGIONS IN DEVISING AND IMPLEMENTING LONG-TERM ECONOMIC DEVELOPMENT EFFORTS THROUGH A VARIETY OF NON-CONSTRUCTION AND CONSTRUCTION PROJECTS.
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Sacramento,
California
95820-3909
United States
Geographic Scope
Single Zip Code
Related Opportunity
Alchemist Cdc was awarded
Alchemist CDC: Workforce Development & Job Training Facility in Sacramento County
Project Grant 70107939
worth $3,879,429
from Economic Development Administration in September 2023 with work to be completed primarily in Sacramento California United States.
The grant
has a duration of 5 years and
was awarded through assistance program 11.300 Investments for Public Works and Economic Development Facilities.
$969,858 (20.0%) of this Project Grant was funded by non-federal sources.
The Project Grant was awarded through grant opportunity FY 2023 EDA Public Works and Economic Adjustment Assistance Programs.
Status
(Ongoing)
Last Modified 12/1/23
Period of Performance
9/26/23
Start Date
9/26/28
End Date
Funding Split
$3.9M
Federal Obligation
$969.9K
Non-Federal Obligation
$4.8M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
70107939
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
KJ9EJGDVUE24
Awardee CAGE
72W55
Performance District
CA-07
Senators
Dianne Feinstein
Alejandro Padilla
Alejandro Padilla
Modified: 12/1/23