West Sacramento, Calif. — A $50,000 Charles Schwab Bank grant to Rural Community Assistance Corporation (RCAC) will support its work to revitalize and stabilize low-income communities in rural Nevada.
The Schwab Bank grant will support several RCAC programs, including RCAC’s Building Rural Economies (BRE) program, which teaches skills to launch or expand rural small businesses while promoting network building. The program supports local entrepreneurs and develops jobs; nurtures catalytic projects that seed additional investments; and creates a supportive, entrepreneurial environment that enables the local economy to thrive.
Charles Schwab funds will also support RCAC’s Loan Fund and the organization’s participation in Listen4Good, which builds capacity to listen and respond to clients, and to make specific improvements to programs, services and client-staff interactions.
“Charles Schwab’s support for our programs ensures that Nevada’s rural communities have the resources they need to be sustainable, especially as they emerge from the pandemic,” said Suzanne Anarde, RCAC Chief Executive Officer.
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