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3 Cor Inc

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Nonprofit Overview

Causes: Unknown

Mission: Serve as intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic and employment conditions, and to implement sound, long-term strategy to address indentified community needs.

Programs: The organization was organized and established in 1985 as a private nonprofit organization serving the three county region of butte, glenn and tehama. The specific purpose of this organization is to be an intermediary for public and private investments that foster a stable and diversified local economy, to improve social economic and employment conditions through collaborative partnerships and to implement a sound, long-term strategy that can address identified community needs through private, public, and non-profit organizations principally located within butte, glenn and tehama counties. Services related to economic development are primarily funded through various federal grants. The organization was designated as an economic development district by the economic development administration under the provisions of the public works and economic development act of 1965. Funds provided are to be used to foster economic planning and cooridnation services. The organization also has established a revolving loan program in which funds are made available to local business. The funds for the program are derived from a u. S. Department of commerce economic development administration grant, u. S. Department of housing and urban development block grants, various local grant funds, local matching funds, refundable loans, and reinvestment of interest and loan packaging fees. The organization also provides contract services, primarily to local government units, related to obtaining and administering grant projects.

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