Tri Counties Bank Donates $50,000 to Fund Kern County Small Business Academy

Rhea-AI Summary

Tri Counties Bank donates $50,000 to Kern County Hispanic Chamber of Commerce for their 2023 Small Business Academy. The program offers education and support for small business owners, with courses available in Spanish and English. In 2023, the academy has helped grow over 200 small Hispanic-owned businesses, created 60 new jobs, and launched 23 new businesses in Kern County.

BAKERSFIELD, Calif.--(BUSINESS WIRE)-- Tri Counties Bank announced the donation of $50,000 to the Kern County Hispanic Chamber of Commerce (KCHCC) to fund their 2023 Small Business Academy.

The Spring 2023 graduating class for the Kern County Hispanic Chamber of Commerce's Small Business Academy, sponsored by Tri Counties Bank. (Photo: Business Wire)

The free program provides current and aspiring small business owners with the fundamentals to create a strong foundation for their business. Participants meet for two hours a week throughout the eight-week course, and courses are available in Spanish and English. Upon completion, participants receive a certification, and the KCHCC offers additional one-on-one support.

“As a leading community bank in California, Tri Counties Bank is proud to be a part of the growth of small businesses in Kern County,” said Aytom Salomon, Senior Vice President and Market President of Tri Counties Bank’s Greater Bakersfield region. “The Small Business Academy provides much needed education, especially for businesses in rural areas.”

Thus far, in 2023, the Small Business Academy has:

• Helped grow over 200 small Hispanic-owned businesses
• Created approximately 60 new jobs in Kern County
• Helped launch 23 new businesses in Kern County

Participants learn how to create a business plan, file for incorporation, understand legal and tax requirements, how to manage financials, and implement strategies for marketing and networking. KCHCC utilizes chamber members with expertise in the targeted areas to provide training sessions. This helps provide exposure for existing businesses that often may not seem accessible, and helps build a mentoring and networking platform for entrepreneurs needing support.

Victor Lopez, owner of Toppers Tuxedos in Delano, California, has taken the course three times and strongly recommends the course to anyone looking to learn more. “Many people are good managers but don’t understand the administration side of business,” he said. “This course teaches you how to run your business, from A to Z.”

Interested participants can learn more about the KCHCC’s Small Business Academy by calling (661) 633-5495 or by visiting https://kchcc.org.

About Tri Counties Bank

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, with assets of almost $10 billion and nearly 50 years of financial stability. Tri Counties Bank provides a unique brand of Service With Solutions^® for communities throughout California with a breadth of personal, small business and commercial banking services, plus an extensive branch network, access to approximately 40,000 surcharge-free ATMs nationwide, and advanced mobile and online banking. Tri Counties Bank participates in the Cities for Financial Empowerment (CFE) Fund’s BankOn program that seeks to ensure that everyone has access to safe and affordable financial products and services. Visit TriCountiesBank.com to learn more. Member FDIC. Equal Housing Lender. NMLS #458732

View source version on businesswire.com: https://www.businesswire.com/news/home/20231102111217/en/

Megan Sheehan, AVP, Public Relations Manager

megansheehan@tcbk.com

(530) 332-2330

Source: Tri Counties Bank

FAQ

What is the donation amount from Tri Counties Bank to Kern County Hispanic Chamber of Commerce?

$50,000

What does the Small Business Academy offer?

The academy provides education and support for small business owners, covering topics such as creating a business plan, legal and tax requirements, financial management, and marketing strategies.

How many small Hispanic-owned businesses has the Small Business Academy helped in 2023?

Over 200

How many new jobs have been created in Kern County through the Small Business Academy in 2023?

Approximately 60

How many new businesses have been launched in Kern County through the Small Business Academy in 2023?

23

Are the courses offered in the Small Business Academy available in multiple languages?

Yes, courses are available in Spanish and English.

Who is the Senior Vice President and Market President of Tri Counties Bank's Greater Bakersfield region?

Aytom Salomon

What kind of support does the KCHCC offer to participants upon completion of the Small Business Academy?

The KCHCC offers additional one-on-one support.

What is the experience of Victor Lopez, owner of Toppers Tuxedos in Delano, California, with the Small Business Academy?

He has taken the course three times and strongly recommends it to anyone looking to learn more about running a business.