West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $20,000 Ally Bank grant that will support RCAC’s work with Silver City, New Mexico as it recovers from the COVID-19 crisis.
Under its Building Rural Economies (BRE) program, RCAC will provide training and technical assistance (TA) to evaluate Silver City’s economic development capacity. RCAC will help Silver City develop a strategic plan to build systems that will create growth and resiliency through exploring and identifying locally based opportunities. The BRE team will also facilitate community work sessions aimed at elevating leadership development.
“We’re grateful for Ally Bank’s continued support for rural communities,” said Suzanne Anarde, RCAC Chief Executive Officer. “This grant leverages our work in Silver City and ensures that TA continues for up to three years, which is critical as the community emerges from the COVID-19 pandemic.”
Founded in 1978, RCAC provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC serves rural communities in 13 western states and western Pacific islands. Services are available to communities with populations of fewer than 50,000, other nonprofit groups, Tribal organizations, farmworkers, colonias and other specific populations. RCAC staff provides direct services in collaboration with local and community partnerships in three program areas: affordable housing, environmental services, and lending. RCAC provides loans, including small business loans, technical and economic development assistance to rural communities and nonprofit organizations in its service region. About RCAC’s Loan Fund
Julia Helmreich, director
Communications, Development and Events
(916) 447-9832 ext. 1008