Economic Development is the business of growing and supporting business, and City staff oversee programs designed to promote healthy business in the City of Arcata.
Business Assistance Loan Program The primary economic development program is our Business Loan program. These business loans can be used to expand or develop a business in the City of Arcata.
Microenterprise Loan Program
The relatively new Microenterprise Loan Program is designed for businesses with 5 or fewer employees that meet certain income criteria. The maximum loan amount is $50,000; rates range from 3% to 6%, and the term is flexible to meet borrower needs.
Business of the Year
The Economic Development Committee accepts nominations for the City of Arcata's Business of the Year throughout the year. The award recognizes businesses that exemplify core values of innovation, resourcefulness, business collaboration, and business practices that support our community and protect the environment. To nominate a business, please fill out our Nomination Form (PDF).
The 2016 Business of the Year will be recognized at the Arcata Chamber of Commerce Membership Dinner on February 20, 2016.
The Community Development staff supports the Economic Development Committee which serves in an advisory capacity to the City Council in matters pertaining to economic development. You can find more information about the Economic Development Committee by clicking the link.