IBank Board Approves $4.3 Million Loan to Help Tiburon Fire Protection District Build New Station

IBank Board Approves $4.3 Million Loan to Help Tiburon Fire Protection District Build New Station

The state-of-the-art station will replace an aging building and improve fire safety services

SACRAMENTO (December 29, 2022) — The California Infrastructure and Economic Development Bank (IBank) board of directors approved $4.3 million in loan financing to the Tiburon Fire Protection District for a project that will allow firefighters to better protect the lives and property of Californians, as well as the environment.

The board approved the $4.3 million Infrastructure State Revolving Fund loan for the construction of a new 5,455 square-foot, two-story fire station building at the location of the existing Station 10 building in the town of Tiburon. Constructed in 1960, Station 10 has reached the end of its useful life, and is set to be demolished.

The new station will be able to provide accommodations for additional personnel, contain larger living quarters for a diverse workforce, and will have room for a modern fire truck. In addition, the new station will include site improvements to traffic safety surrounding the location.

“From public safety to clean water to safe roads, IBank’s infrastructure loans make it possible for small- to mid-size municipalities to serve the basic needs of people in their communities,” said IBank Executive Director Scott Wu. “Our team is proud to help Tiburon Fire Protection District replace their old building with a state-of-the-art station to protect local families and their property.”

The fire district’s service area encompasses approximately 5.5 square miles, serving a population of just over 11,000 in the town of Tiburon, the City of Belvedere, unincorporated residential and wildland areas on the Tiburon Peninsula and parts of the San Francisco Bay, and Angel Island State Park.

The fire district plans to initiate the construction bidding process soon, with the goal of breaking ground on the project in spring 2023. The new station will create two new firefighter positions, retain 29 existing jobs, and create eight to ten construction jobs. It is expected to take about three years to complete.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About IBank
IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy, and improve the quality of life for Californians and communities throughout the state. IBank is located within the Governor’s Office of Business and Economic Development and is governed by a five-member board of directors.

IBank issues tax-exempt and taxable revenue bonds, provides financing to public agencies, provides credit enhancements, acquires and leases facilities, leverages state and federal funds, and provides loan guarantees and other credit enhancements for small businesses. Visit us at ibank.ca.gov.

 

Karen C. Naungayan
Email Karen, HERE
916.207.9132
Explore more articles by category:  GO-Biz News  |  CalOSBA News  |  Press Releases  |  Opinion Editorials  |  Statements

IBank Board Approves $6 Million Loan to City of Watsonville to Build New Landfill

IBank Board Approves $6 Million Loan to City of Watsonville to Build New Landfill

The project will enable more environmentally sustainable practices, contributing to a cleaner environment

SACRAMENTO (December 29, 2022) — The California Infrastructure and Economic Development Bank (IBank) board of directors approved $6 million in loan financing to the City of Watsonville to build a new landfill. The project will allow the city to process waste more efficiently and expand organic waste recycling in accordance with state law.

The board approved the $6 million Infrastructure State Revolving Fund loan for the Landfill Phase IV construction project in Watsonville. The project will include excavating and grading a new 7.1-acre landfill site, constructing a green- and wood-waste processing site, and purchasing a new waste compactor.

Watsonville’s landfill program, which was developed several decades ago, is comprised of four phases. Phases I and II ended in 1997. In Phase III, the city began diverting their waste to the Monterey Regional Waste Management District for processing and disposal. That landfill is located 20 miles away and is expected to close soon.

When Landfill Phase IV opens, it will enable the city to divert waste being hauled to the Monterey Regional Waste Management District, saving the City of Watsonville approximately $180,000 each year. The new landfill will enable more environmentally sustainable practices, contributing to a cleaner environment and reducing the municipality’s consumption of petroleum products.

The city also plans to significantly expand organics recycling in accordance with state mandates that require the diversion of organic waste from landfills (AB 1826 and SB 1383).

“Helping cities fund infrastructure improvements that contribute to a cleaner environment for residents is one of IBank’s top priorities,” said IBank Executive Director Scott Wu. “We’re proud to be part of the solution, enabling cities and counties to comply with new laws that help California meet its climate goals.”

“The City of Watsonville is grateful for the approval of the $6 million low-interest IBank loan which will allow Watsonville to reinvest in our existing landfill infrastructure. The loan allows us to make this much needed capital investment that will help improve the city’s waste management operation in an economical and overall climate-friendly strategy,” said Tamara Vides, Assistant City Manager and Interim Public Works Director for the City of Watsonville.

“City staff had a great experience in working through this loan application. The process was efficient, IBank staff was thorough, responsive, and great to work with. Residents of Watsonville are the beneficiaries of this transaction given that the loan helps mitigate the costs of disposing of our local waste in our own landfill.”

Landfill Phase IV is expected to serve the city for the next 25 to 35 years and will be capable of handling the city’s 60 tons of waste per day. The project is expected to be completed within 12 months from groundbreaking.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About IBank
IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy, and improve the quality of life for Californians and communities throughout the state. IBank is located within the Governor’s Office of Business and Economic Development and is governed by a five-member board of directors.

IBank issues tax-exempt and taxable revenue bonds, provides financing to public agencies, provides credit enhancements, acquires and leases facilities, leverages state and federal funds, and provides loan guarantees and other credit enhancements for small businesses. Visit us at ibank.ca.gov.

 

Karen C. Naungayan
Email Karen, HERE
916.207.9132
Explore more articles by category:  GO-Biz News  |  CalOSBA News  |  Press Releases  |  Opinion Editorials  |  Statements

CalOSBA’s California Venues Grant Program Opens New Round of Funding for Live Event Venues Impacted by COVID-19

CalOSBA’s California Venues Grant Program Opens New Round of Funding for Live Event Venues Impacted by COVID-19

Sacramento, CA – The California Office of the Small Business Advocate (CalOSBA), part of the Governor’s Office of Business and Economic Development (GO-Biz), announced a second round of nearly $45 million in new funding for the California Venues Grant Program. The program provides grants to eligible independent live events venues whose revenues were impacted by COVID-19 in 2020.

The first round of the California Venues Grant Program distributed more than $111.5 million in the fall of 2021 to nearly 830 eligible independent live events venues, including more than 150 women-owned businesses and 587 small businesses in low-income areas.

“California led the nation in small business COVID-19 relief, and we are proud of the relief funds that were distributed in round one of the California Venues Grant Program, which helped keep the lights on for over 800 live events venues,” said Tara Lynn Gray, Director of CalOSBA. “These include theater and performing arts groups, dance companies, museums, and so many more small businesses in our communities that are part of the vital pulse of California’s collective performing arts ecosystem. Round two of the grant funding seeks to further strengthen this sector’s ability to overcome the challenges of the past few years.”

Round 2 Funding Information

  • Application Window: December 19, 2022, through January 31, 2023
  • Eligible applicants: Independent live events venues that have been affected by COVID-19 to support their continued operation.
  • Eligible grant award: Grants awarded under this program will be in an amount equal to the lesser of two hundred fifty thousand dollars ($250,000) or 20 percent (20%) of the applicant’s gross earned revenue in California for the 2019 taxable year. Please visit cavenuesgrant.com for more information detailing the eligibility criteria.
  • Application process: If eligible live event venue applicants previously applied for a different grant program (the California Small Business COVID-19 Relief Grant Program), then those applicants will need to complete a new and separate application to be eligible for this program. Please visit cavenuesgrant.com for more information.

The California Venues Grant Program is administered by CalOSBA through its intermediary, Lendistry, and a network of outreach partners. Key partner organizations for the California Venues Grant Program include the Californians for the Arts, the California Association of Nonprofits (CalNonprofits), and the National Independent Venue Association. Partners will be holding webinars to support applicants throughout the application period.

“Lendistry and the State of California have deployed the largest state-funded pandemic relief funding programs in the country, and help is still needed,” says Lendistry CEO, Everett K. Sands. “Independent venues are extremely valuable to their local communities as sources of jobs and income, and as environments where people can gather. We’re proud to continue supporting them as they recover.”

For more information on grant requirements and eligibility, along with links to application tips and webinars, visit cavenuesgrant.com.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About CalOSBA
The Office of the Small Business Advocate (CalOSBA) helps support economic growth and innovation by working to ensure that California’s small businesses and entrepreneurs have the information, tools and resources they need to plan, launch, manage and grow their businesses successfully and be resilient. The CalOSBA serves to elevate their voices in state government and to advocate on their behalf to help ensure all aspiring and current small business owners and entrepreneurs are provided with the opportunity to access capital, access markets, and connect to the networks and resources they need to succeed. For more information visit the website.

Heather Purcell
Deputy Director of Communications
Email Heather, HERE

Explore more articles by category:  GO-Biz News  |  CalOSBA News  |  Press Releases  |  Opinion Editorials  |  Statements

California Supports Workers and Fosters Bottom-Up Economic Resilience in Lassen County

California Supports Workers and Fosters Bottom-Up Economic Resilience in Lassen County

$1 million in grants to support the local economy and workers impacted by the closure of California Correctional Center in Susanville

SACRAMENTO – Today the Newsom Administration – through the Labor & Workforce Development Agency (Labor Agency), Governor’s Office of Business and Economic Development (GO-Biz) and Governor’s Office of Planning and Research (OPR) – announced state assistance to support workers and communities impacted by the closure of the California Correctional Center (CCC) in Susanville, plan for changes in the region, and strategically invest in job creation and opportunity. Assistance includes a $1 million Rapid Response grant to support an action plan for the local economy, while also connecting it to aligned regional planning efforts and statewide funding opportunities through the $500 million Community Economic Resilience Fund (CERF).

In planning for the CCC closure, now scheduled to be finalized by June 2023, the California Department of Corrections and Rehabilitation (CDCR) has begun implementing several mitigation efforts to limit employee impacts. These include transfers of employees to the neighboring High Desert State Prison and other options in the geographic area, as well as connecting impacted employees to various State processes that allow them to transfer to vacancies throughout the State’s prison system.

The assistance announced today will further support the Lassen County community in mitigating the impacts of the CCC closure.

The Northern Rural Training and Employment Consortium (NoRTEC) will serve as the lead agency for the Rapid Response grant, working in collaboration with a variety of existing entities such as the City of Susanville, Lassen County, economic development and America’s Job Centers of California partners, business leaders, community-based organizations, environmental and social justice groups, labor leaders, and expert consultants.

“This new State investment will greatly assist in helping dislocated workers transition to new employment as quickly as possible, and will help the community prepare for and manage the economic change,” said Michael Cross, Executive Director of NoRTEC. “We look forward to working with Lassen County, the City of Susanville, and other partners to align these resources with the community’s needs.”

NoRTEC and its partners will:

  • Identify the factors, industry clusters and other opportunities to influence the local economic conditions and identify sustainable ways to track changes to key economic indicators within Lassen County.
  • Forecast displacement of current jobs based on the rate of transitions within the county based on the prison closure.
  • Identify emerging industries that can utilize Lassen’s existing competitive advantages to thrive.
  • Identify skills gaps in the existing workforce that are barriers for transitioning into new industries.
  • Identify ways to train and transition workers to emerging industries.

NoRTEC’s efforts in Lassen County will tie into the State’s Community Economic Resilience Fund (CERF) regional planning efforts. Led by Chico State Enterprises and Sierra Institute for Community and Environment, and encompassing a 10-county region, the CERF North State multi-stakeholder effort, known as a High Road Transition Collaborative, will align resources and activities to NoRTEC at a regional scale, centering on climate initiatives, land stewardship, identification of high-growth sectors, and connection to sub-regional initiatives to build capacity and strengthen the region’s economic and workforce backbone. The regional plan will support projects and policies that equitably advance regional and community needs.

The CERF Program—a collaboration between the Labor Agency, OPR and GO-Biz—will have available approximately $500 million statewide to invest in projects identified by these regional plans, including $50 million for economic diversification pilots (available in January 2023) and $450 million (available starting in summer 2023) for projects identified out of planning processes.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

Heather Purcell
Deputy Director of Communications
Email Heather, HERE

Explore more articles by category:  GO-Biz News  |  CalOSBA News  |  Press Releases  |  Opinion Editorials  |  Statements

CalOSBA Announces Small Business Technical Assistance Grant Awardees

CalOSBA Announces Small Business Technical Assistance Grant Awardees

Sacramento, CA – The California Office of the Small Business Advocate (CalOSBA) has announced grant awards to recipients of the California Small Business Technical Assistance Program (SB TAP, formerly named SB Technical Assistance Expansion Program). The state of California allocated approximately $23 million in grant funding to over 100 Technical Assistance Centers for support of their business consulting and training services for historically underserved business groups, including women, minority, and veteran-owned businesses and businesses in low-wealth, rural, and disaster-impacted communities.

“Support from the CalOSBA Technical Assistance Program has been critical for the growth of the San Diego and Imperial Small Business Development Center Network,” said Danny Fitzgerald, Regional Director of the San Diego and Imperial Small Business Development Center Network. “With the funding we have received since 2018, over 12,000 businesses have received one-on-one expert advising, 55% of which are business owners of color, resulting in them receiving over $900,000,000 in capital, creating 5,500 jobs, and obtaining over $400,000,000 in government contracts.”

Since launching in 2018, the Technical Assistance Centers funded by TAP and its partner program, the Capital Infusion Program (CIP), have served over 560,000 small businesses with free and low-cost training in over 30 languages. These efforts have resulted in over $4.5 billion in capital infusion to support California small businesses. Training and consulting provided by these programs have helped start over 5,000 new small businesses and aided in the creation of over 35,000 new jobs.

“While everyone is focused on the pandemic and how to make a positive impact on small businesses and entrepreneurs, ongoing support from programs such as CalOSBA’s TAP provides our Center the opportunity and capacity to continue our efforts to engage, educate and empower small businesses through our technical assistance accelerators and programs,” said Dr. Cassandra Little, President & CEO of the Fresno Metro Black Chamber of Commerce & Chamber Foundation. “The TAP program is crucial for ensuring that our businesses continue to start, grow and sustain despite any crisis we may encounter.”

TAP allocates funding to eligible Centers through a competitive process. This year’s funding supports Centers across the state, including: all five California Statewide Small Business Development Center networks (SBDC), 16 Women’s Business Centers, Five (5) Procurement Technical Assistance Centers, Rural Development Centers, Chambers of Commerce, the Manufacturing Extension Partnership Center Network, and small business-serving local nonprofits. The grantees will focus on bridging the opportunity gap and increasing economic mobility for underserved small businesses and entrepreneurs, by offering consulting and training services business owners need to launch a business, increase their revenues, and create jobs.

Small Business Technical Assistance Centers are designated by federal and private funding partners to operate small business technical assistance programs throughout the state. These Centers provide one-on-one, confidential consulting, and training to help small businesses and entrepreneurs start, expand, facilitate investment, and create jobs in California. The TAP provides state grant funding to support ongoing and new consulting and training services provided by designated Centers.

A complete list of the 2022-2023 TAP Awardees can be found here.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About CalOSBA
The Office of the Small Business Advocate (CalOSBA) helps support economic growth and innovation by working to ensure that California’s small businesses and entrepreneurs have the information, tools and resources they need to plan, launch, manage and grow their businesses successfully and be resilient. The CalOSBA serves to elevate their voices in state government and to advocate on their behalf to help ensure all aspiring and current small business owners and entrepreneurs are provided with the opportunity to access capital, access markets, and connect to the networks and resources they need to succeed. For more information visit the website.

Heather Purcell
Deputy Director of Communications
Email Heather, HERE

Explore more articles by category:  GO-Biz News  |  CalOSBA News  |  Press Releases  |  Opinion Editorials  |  Statements

Outsmart Disaster Moves to CalOSBA with a New Website; Resilient Business Challenge Promotes Disaster Preparedness for Vulnerable Small Businesses

Outsmart Disaster Moves to CalOSBA with a New Website; Resilient Business Challenge Promotes Disaster Preparedness for Vulnerable Small Businesses

Sacramento, CA – The California Office of the Small Business Advocate (CalOSBA), part of the Governor’s Office of Business and Economic Development (GO-Biz), today announced that it is relaunching the Outsmart Disaster Campaign with a new web portal featuring the Resilient Business Challenge (RBC) virtual training to promote disaster preparedness and proactive resiliency training.

The Outsmart Disaster concept was originally conceived in 2018 as a state-led tool to help businesses and communities prepare for the next big earthquake. With the support of funders such as JP Morgan Chase Foundation and Edison International, and under the leadership of California’s Business Consumer Services and Housing Agency, the program evolved to help Californians prepare for all types of disasters. Now, with the support of approximately $782,000 in Coronavirus Aid, Relief and Economic Security (CARES) Act funding provided by U.S. Economic Development Agency and under the leadership of CalOSBA, Outsmart Disaster will further its work to help prepare Californians for the unexpected.

Outsmart Disaster has already helped more than 1,300 businesses in California access tools and the needed support to create a disaster preparedness plan, mitigate damages and accelerate recovery in the event of natural disasters or personal emergencies.

The Resilient Business Challenge is a virtual, no-cost, self-guided training that helps businesses:

  • Identify their risks
  • Document business functions and the impacts of potential disruption
  • Strengthen facilities and safeguard data and assets in case of a natural disaster
  • Maintain relationships with vendors, partners, and employees during business interruptions
  • Understand insurance policies and evaluate financial resiliency in case of interruption
  • Document contingency options

“Small businesses, especially those in isolated rural areas, are extremely vulnerable to any kind of business interruption, be it a pandemic, a wildfire, or a drought. Our office is committed to helping small business owners to prepare as best they can for unexpected events, and to help mitigate the increasing risks, be it from natural disaster or supply-chain interruptions,” said Tara Lynn Gray, Director of CalOSBA.

CalOSBA will staff this effort in 2023 to develop hands-on versions of the Resilient Business Challenge for face-to-face trainings in rural communities, as well as, launching a train-the-trainer program to help local organizations such as Chambers of Commerce and Small Business Development Centers (SBDCs) better communicate about disaster preparedness to member businesses.

To take the RBC, or to learn more about the Outsmart Disaster Campaign, please visit the CalOSBA website at: outsmartdisaster.calosba.ca.gov.

About GO-Biz
The Governor’s Office of Business and Economic Development(GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About CalOSBA
The Office of the Small Business Advocate (CalOSBA) helps support economic growth and innovation by working to ensure that California’s small businesses and entrepreneurs have the information, tools and resources they need to plan, launch, manage and grow their businesses successfully and be resilient. The CalOSBA serves to elevate their voices in state government and to advocate on their behalf to help ensure all aspiring and current small business owners and entrepreneurs are provided with the opportunity to access capital, access markets, and connect to the networks and resources they need to succeed. For more information visit the website.

Heather Purcell
Deputy Director of Communications
Email Heather, HERE

Explore more articles by category:  GO-Biz News  |  CalOSBA News  |  Press Releases  |  Opinion Editorials  |  Statements