Funding

Contributing

If your organization, institution, or foundation is interested in contributing to the Alchemist Public Market campaign, please contact Executive Director, Sam Greenlee, directly. Significant opportunities remain for your organization to make a profound impact through this project.

Overview

Alchemist Public Market’s estimated budget is as follows:

  • $475,000 – Land Acquisition
  • $6,103,444 – Construction and Related Services
  • $761,111 – Equipment
  • $711,000 – Other Costs
  • $8,050,555 Total

Secured contributions include:

  • $162,600 – Grants from financial institutions (Wells Fargo, Umpqua Bank, Citi Bank, JPMorgan Chase, Merchants Bank of Commerce, Oak Valley Community Bank, Tri Counties Bank, United Business Bank)
  • $10,000 – In-kind legal services from Stoel Rives, LLP
  • $175,000 – In-kind architectural services from Dreyfuss + Blackford Architecture
  • $54,508 – Hard cost support from City of Sacramento
  • $450,000 – Funding from the State of California, SB 170 community reinvestment funds secured by Sen. Dr. Richard Pan and Assemblymember Kevin McCarty for land acquisition
  • $942,108 Total Secured

Anticipated funding contributions include:

  • $3 – 6.4 million – US Economic Development Administration grant
  • $250,000 – SMUD Integrated Design Solutions
  • Competitive grants from the State of California*
  • Funding from charitable foundations and local/regional philanthropy*
  • Additional support from City of Sacramento and Sacramento County
  • *More detailed planning with partners has been developed but is not appropriate to share publicly until funding is awarded