Economic Development

Business Support    

Check out the new "Prospector" page, published by GoHumCo, the County's Economic Development website.  This is a great resource for businesses, as is the entire GoHumCo section for Business.

Use the tabs below to focus on areas you are interested in.

  1. Arcata Loan and Grant Programs
  2. Other Financing
  3. Business Resources
  4. Cannabis

PROGRAM

General Information

How to Apply

Business Assistance Loan ProgramDesigned to help small for-profit businesses with start-up, expansion, and purchases.  Construction funding also available.
  • Minimum loan is $20,000.  There is no maximum but the loan amount is limited by the number of low-to-moderate income jobs.
  • Loan term depends on what funds will be used for - from 5 to 30 years.
  • Rate begins at 3%.  Final rate depends on jobs created or retained, business strength, equity and management strength.

This is a CDBG loan program.  The maximum loan amount is $35,000 per each full time employee who meets low- to moderate-income limits (not more than 80% of the area median income).  Find the CDBG area median income limits.

Business Assistance Loan Guidelines

Download:
Application
P&L projections spreadsheet
Cash flow projections sheet

Contact Nick Brichta at nbrichta@cityofarcata.org to discuss making an application.
Microenterprise Loan Program
Designed to help small for-profit businesses with expansion or restructure.
  • Up to $50,000.
  • Rates from 3.9% to 6.9%.
  • Terms from 3 to 8 years, depending on purpose and collateral.
  • Enrollment with the Small Business Development Center (SBDC) is required.

This is a CDBG loan program.  Business owner(s) must meet low- to moderate-income limits (not more than 80% of the area median income).  Find the CDBG area median income limits.

Microenterprise Loan Information

Determine whether your business qualifies for a Microenterprise Loan by completing this Pre-Qualification Checklist.

If you qualify based on the checklist, complete this Pre-Application Form, and contact Nick for at appointment at nbrichta@cityofarcata.org.
Microenterprise Grant ProgramDesigned to help small for-profit businesses build capacity to grow.
  • Up to $10,000
  • Limited to funds used to build capacity
  • Enrollment with the Small Business Development Center (SBDC) is required.

This is a CDBG loan program.  Business owner(s) must meet low- to moderate-income limits (not more than 80% of the area median income).  Find the CDBG area median income limits.

Microenterprise Grant Information


Determine whether your business qualifies for a Microenterprise Grant by completing this Pre-Qualification Checklist.

If you qualify based on the checklist, complete this Pre-Application Form, and contact Nick Brichta for at appointment at nbrichta@cityofarcata.org.

Supporting Local Businesses

Register as a Section 3 Business

The U.S. Housing and Urban Development Department (HUD) encourages businesses that are owned by low-income people, hire low-income people, or where owners or employees live in Section 8 housing, to self-certify as a Section 3 Business.  The purpose of Section 3 is to ensure that employment and economic opportunities are provided to businesses and individuals that qualify as low-income.

Information about Section 3 can be found at https://www.hud.gov/section3.  Find FAQs under by selecting the "Learn More about Section 3" link on the page.  Find HUD's current income limits at https://www.huduser.gov/portal/datasets/il.html.  To self-certify and register as a Section 3 business, go to HUD's Opportunity Portal at https://hudapps.hud.gov/OpportunityPortal/. Create an account and register under "Section 3 Businesses".

Arcata Business of the Year Award

The City of Arcata established an annual Business of the Year Award program to recognize local businesses and nonprofits that exemplify the core values of innovation; resourcefulness or resiliency; diversity, inclusion, and equity; and business practices that support the community and protect the environment.

Visit Arcata!

As we have learned during the pandemic, it is more important than ever to support local businesses.  When you shop local, you help support Arcata’s families, neighborhoods and community.

For information on Arcata businesses that are open for take-out, taking online orders, providing delivery services, offering virtual classes, and selling gift certificates, go to Visit Arcata!

Foodworks Culinary Center

Arcata’s food manufacturing businesses are world renowned, and the Foodworks Culinary Center provides rental space for many types of small and start-up food manufacturers.