Resilience Fund Sierra

Truckee Tomorrow Makes $106,000 Donation to the New Resilience Fund – Sierra

Truckee Tomorrow, the public/private partnership between the Truckee Chamber of Commerce, the Town of Truckee and private investors, has joined together to make a $106,000 donation to the new Resilience Fund. All of the partners recognize the crushing blow the COVID-19 pandemic has had on Truckee’s business community, and the need for rapid assistance.

The Resilience Fund, administered and supported by Sierra Business Council, was created for the community, by the community, to provide financial assistance, resources and guidance to small businesses in the Truckee North Tahoe area that have incurred, or project to incur, significant financial loss due to the COVID-19 pandemic.

 

About Resilience Fund

Truckee Takes Care of Our Own

The Resilience Fund – Sierra was created for the community, by the community to provide rapid assistance to local small businesses in response to the COVID-19 pandemic. Administered and supported by Sierra Business Council, the Resilience Fund – Sierra is a grassroots loan platform crowdsourcing fund from the Truckee/North Tahoe community members. The expert team at Sierra Business  Council can help you navigate all of the available resources to help your business survive this unexpected crisis.

Go to ResilienceFund.org for all the details.

Resources to Improve, Adapt and Recover

The Resilience Fund – Sierra provides rapid financial assistance, resources and guidance to small businesses in the Truckee North Tahoe area (within the boundaries of the Truckee Tahoe Airport District) that have incurred, or project to incur, significant financial loss due to the COVID-29 pandemic.

Low-Interest Micro Loans

The Resilience Fund aggregates donated and invested money into a revolving fund for small businesses to access as low-interest micro loans, ranging from $5,000-$25,000, for use as operating capital. Businesses put through the program also access a net work of professional consultants across industries to revamp existing operations, strategize communicating changes to their stakeholders, and maximize productivity during closures. Eligible businesses must have been in sound operation prior to the COVID-19 shutdown and able to prove how the funds will help them reopen.

How to Request Funding

Go to ResilienceFund.org for all the details.

Businesses requesting assistance must meet the following eligibility requirements:

  • Be for-profit, independently owned local businesses
  • Have no more than 25 full-time equivalent employees
  • Have a physical establishment within the Truckee Tahoe Airport District geography. Home-based businesses will be considered, however priority given to retail, restaurant and service businesses with a storefront.
  • Have been in operation with proven revenues as of March 1, 2020

How to Donate or Invest

Truckee Takes Care of Our Own

From weathering interstate closures to harsh mountain conditions, one of the most wonderful qualities of the Sierra Nevada business community is its resilience in times of adversity.

Due to the unexpected nature of local business closures amid the COVID-19 pandemic, the long-term risk our mountain towns face is being unable to recover when the crisis has subsided. If we allow that to happen, then we allow our region to be changed forever by a temporary interruption.

The Town of Truckee was a significant catalyst by stepping up with a $50,000 investment of economic development funds, and the Truckee Tomorrow private investors are matching that with another $50,000 investment.

“It’s been a priority of the Town Council for many years to designate some of our funds toward economic activities to strengthen and diversify our economy.  We are proud to be partnering with the Truckee Chamber of Commerce and the Truckee Tomorrow private investors to make this contribution and hope it acts as a catalyst for further donations.” – Mayor Dave Polivy, Town of Truckee

“It’s pretty simple. We have to help the small businesses of Truckee. They are our friends, our neighbors, our community. We recognize many of them are in serious need and may be on the verge of not being able to reopen. It’s our responsibility, and the right thing to do to extend this helping hand to them at their time of need.” – Doug Wright, President, Mountain Hardware & Sports, Truckee Tomorrow Investor

“Many people in town have been asking “how can we help” – this Resilience Fund provides the avenue through which to do so. We all care deeply about our community and our small businesses that are the fabric of our community. They define us and they are critical to our recovery as an authentic mountain town and a strong, vibrant community. Truckee takes care of our own, and by helping one another, together we will get through this.” – John Manocchio, Chair, Truckee Chamber Board of Directors

Please join us in helping to preserve our community.

MAKE A DONATION

About Truckee Tomorrow

Truckee Tomorrow is a public/private partnership between the Truckee Chamber of Commerce, the Town of Truckee and private investors with the overarching goal to create a diverse economy, while maintaining and growing a diverse, vibrant middle class.

Originating in 2010 on the heels of the recession, this collaborative public/private partnership was the catalyst and funder of the Truckee brand, Base Camp for a Big Life, and a new Truckee.com website focusing on economic, community and visitation in 2016. In January of 2018, the Truckee Chamber launched Truckee Tomorrow Phase II with Business Speaks, convening the business community to identify the greatest challenges facing the local business community and develop creative solutions. Three projects were identified through those conversations that have been the focus for the past several years.

While Truckee Tomorrow is pivoting to address the urgent need created by the COVID-19 crisis, the work on the three projects that have been the focus for the past years continues. That includes:

  • TruckeeJobsCollective.com – an online platform created to connect job seekers with employers. This platform will be even more important as businesses begin their recovery effort.
  • Growing Our Own – working collaboratively with Tahoe Truckee Unified School District and Sierra College to increase awareness of existing programs, and identify creative opportunities to strengthen the connection between the business community to education providers through shadow programs, training and more.
  • Developing Truckee as an Entrepreneurial Ecosystem – a long-term, forward-thinking approach to diversifying Truckee’s economy in the next 3-5-10 years. A healthy entrepreneurial ecosystem requires financial capital as well as the creation of capital models – the Resilience Fund directly correlates to this need identified by this Project Team.

“The collaborative spirit, passion and commitment our Investors and community members have shown through their participation in the Project Teams is significant. The Town of Truckee as our primary partner, in addition to all of our Investors and their 3-year commitments, are to be recognized for their investment in Truckee’s economic future. They all believe in Truckee Tomorrow and want to make a difference. We thank them from the bottom of our heart.” Pam Hobday, Past Chair, Truckee Chamber Board of Directors; Truckee Tomorrow Project Director

To read more about Truckee Tomorrow and see the list of investors, click here.