The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act to spur long-term private sector investments in low-income urban and rural communities nationwide. The program is based on the bipartisan Investing in Opportunity Act.
California’s tech regions have shown strong job gains in recent years, but a new report highlights the state’s more rural regions as leading job growth. According to the latest UCLA Anderson Forecast, California’s Inland Empire and San Joaquin Valley, along with Sacramento, are outpacing the San Francisco Bay Area in posting job gains.
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $78,000 grant from Capital One, which will support an entrepreneurial and economic development pilot program for Tribes in Montana.
West Sacramento, Calif. — In the quarter ending Dec. 31, 2017, Rural Community Assistance Corporation (RCAC) closed 25 loans totaling more than $19 million to assist rural communities in Arizona, California, Colorado, New Mexico, Oregon, Utah, Washington and Wyoming. The loans will support a wide range of community development projects. For example, one loan will support a new mechanical wastewater treatment plant in Colorado; and another will support a rural Utah school’s expansion.
West Sacramento, Calif. – The W.K. Kellogg Foundation recently made a $1 million Program Related Investment (PRI) and a $1 million companion grant to Rural Community Assistance Corporation (RCAC) in support of the Rainmakers Investment Collaborative (Collaborative). The Collaborative was established to increase impact investing in and improve access to capital by Native community development efforts in Arizona and New Mexico.