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…

Active Project Grant Awarded

Award ID
70107939
Recipient
Awarding agency
Obligated
$4,849,287

Award facts

Completion date 62% complete
Funding
  • $3,879,429.00 Federal
  • $969,858.00 Non-federal
Place of performance
Sacramento, CA 95820, USA

Award details come from USAspending.gov.

About this award

The Economic Development Administration (EDA) awarded a $4,849,287 Project Grant under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300) to the Alchemist Community Development Corporation (CDC) in Sacramento, California. The funding will support the construction of an all-electric campus focused on workforce development, job training, and public market space for underserved entrepreneurs. Key components include a new commercial-grade kitchen, a social enterprise café for workforce training, and a variety of incubator and food-centric options for the community. Once completed, the project aims to bolster job creation, attract private investment, and strengthen the regional economy in Sacramento County.

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.

Quick answers

Who received award 70107939?

70107939 was awarded to Alchemist CDC by Economic Development Administration (Department of Commerce) on September 26, 2023.

How much is award 70107939 worth?

$4,849,287 has been obligated on 70107939: $3,879,429 in federal funding and $969,858 in non-federal funding.

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