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Ibr Treasury Management Ben Chaney

Global Gardens is a nonprofit that helps immigrant farmers start businesses by providing land, equipment, and training. The organization aims to help farmers gain skills to eventually own their own farms. One farmer, Olga, is growing her business and skills with Global Gardens with hopes of owning a farm in the future. The document discusses how nonprofits will be important for distributing resources and economic opportunities to underserved communities.

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0% found this document useful (0 votes)
99 views2 pages

Ibr Treasury Management Ben Chaney

Global Gardens is a nonprofit that helps immigrant farmers start businesses by providing land, equipment, and training. The organization aims to help farmers gain skills to eventually own their own farms. One farmer, Olga, is growing her business and skills with Global Gardens with hopes of owning a farm in the future. The document discusses how nonprofits will be important for distributing resources and economic opportunities to underserved communities.

Uploaded by

api-424081962
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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VOLUME 43 NUMBER 16 ■ IDAHOBUSINESSREVIEW.COM Part of the network FEBRUARY 4, 2022 ■ $3.

50

PAGE 19

Expanding
Economic
Opportunity

Experts share insights


into developing
businesses
Olga, a Global Gardens farmer, is growing her business and skills with hopes of owning her own farm in the near future. PHOTO COURTESY OF ECONOMIC OPPORTUNITY BY JANNUS

BUSINESS VIEWPOINTS | FOCUS | REAL ESTATE FOCUS | FINANCE

Nonprofits Treasury
will be vital to A Word with management
distributing the CEO of is helping
federal funds NeighborWorks local
efficiently Boise businesses
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anne know Heat rit a sh
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unm ally so. putti ned air sionally. urg. farmers markets,” Angstadt said. e na Mus namd tasr-te ba Tow .
id Asan
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nia lea smla nd . m na Fe de hip-ba es ni
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fresh warm milk “straight from the udder.” said, “A cheese CSA is still pretty unique.”
beer while m nam Bu rsity d ee tctsu . H pplie oj-farms. the al anager invoal Pro dijec
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n of the ed wi tt om Carp Joan Br prog e U.S. Tr ban
corri tion sa fo r th in ing ea ch ke rema ustry aged styles — were a hit. “You can get subscriptions for anything es lik re mus ve t wide se te vo lu Fa ut ule d tewFo and m te fe ities m Pe th Pa sha ha j os e rs pr za tio of its ch ra ct bo ike d ed it
jo As ind ac rgea lar n r wo br od ed i- re an agem e inco un nn is
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“We make everything by hand. It’s very today — dog products, beauty products — er sig ner.he sadiddraf Pras eferreSt a-Ea cust ices, min en ise kets operated pport lar

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has low the ss, prst M or e has en me
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th is a itiesas rk. expe
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while ships to sylvani ping a e As e co clien s and go One
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Lay
m
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signe tio n PMEN
said. wi a fin s fro at an ns ed
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er id. Th fferent Pe W or gr e rd m e. hi d Se Bu w r, an re m rt th nc t at io cr t o
nnsb n hops stitu od ec tw
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Beta esiden gic initi
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t Pe te s m frolmcom e s ch al se . She is m rvices re
ic De pres O igat latoryce expe ne to g dr pres - t proj e of fede
’t as pt of th e state From left, Sue Miller, Stefanie Angstadt and Alex grow Jones brought com their ac coun growgo Upper beer. erLyfoon of Jimenez EL ionfinan , tra someo owin zation’s al pr named se Depa lopmen is on ose
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- ra York anag ra
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pa nd r be ps tu r rvic en l gr ce rn t
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day hi rv isn to ag m m pa w in ich uc eir y ul ew PN de co t a cal a m s
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t od
of th locall Dub Andr es er of the hire - ng an ief ly ic ity Fi
TIN ni
se n t tsiC e in deve ply fo
er be ur d ar ne talents to form the Collective Creamery CSA in 2016. Coas wh p pr mer ric mpe mb ase atte
y, ob sociatio uch – ex er h, dir to enco ting bert R. ply. Nonetheless, she struggled with the lo-ed The Collective Creamery is now heading t, mos
PHOTO/SUBMITTED
ps ou co Nbo e orga c- and ch cent ateg on-
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furth industr as rm to off Heat pe ogra
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at ain. affer Am of heim compa .
nk Cons nc as te ic y d. Tra - qu estion nc asm. G rt, th finan mad mm
s for id Al patial gistics of getting the cheese she was making sion Athe pliaMa nage d ch d Co
e
dron now,
the rs fo and le David ters ho on pr ogra
m
r co ent nitie st, sa it. ly ad Oreg y of the has
abou the a bid pheruipm es Inhops as
grns hip, r Sh acrebassadTheir To cted to Maz tructio ba se d
r- N bure nceorman
He and named
ation cpbj.co te r- “We’r Betancou ides g t has odhe
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ng an abusiness, nd in
leade going on ral peop p suppor
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ficati a pilot pr ones fo ernm opportu are va sor of ge of Sci- to the people who wanted cent ainicheese ritstyear. or ,Ad profi an Br e presid or vice pr urg- bsid ency
pew ns ar ecu-
For nia’s certi
small part of each of the cheesemakers’ Brewing Co. in Douglasville and Covered
“You ton, can ritget nsubscriptions
alone ers r sta p in 20 sege d eq K.dr ied c. na int- is ex a n Co . inf demail ser ate cr Da n Jo ex zatio sb su
80 re
Ba las ye au nd ni
and
is seve ou dr ajo m de ha er cM ow op is hi ion
over NG eativ y Luc W id O. bl d O to rri a
and with e use of and The s es ty percent oftrthe m to ny purc pe ne e
ral m uepo wd meded ahoncsbu ol p Fagr Co
rg rm vi so th p-ba m . na W H ipt ’s as,
rst Fu afforda ns locate ive vic seni its. Ag
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sylva of what far he d
lop, ing gr esse prof iversi ted its While around it is an important one. Bridge Farmstand in Oley — and at one the hing hop ket Reifs the
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awar ap rece
opermuch with
zatio or ex
. so Mec ve Man ic esse
ADV gecyrs,an
eas te a – and as is sold wholesale and By eliminating the middleman, the chee- location in the Lehigh Valley — Bonn Place hops rland Co e of that ers to d Sh CH
ders them in ofdprth . He hallets.erPe
ag st
ofdthareciate. Hlledo-Lionfic rtist
Bi rvesch inm d es resa e Com -based 80 le En essa r wa in $55
ge un ctor. H asso-Comm
sb n busin fit organi d servin Af- ni atives offi Buerge di
DELOAT ha or. Th rner
our were
to be t as id crea caucus that nt nc a is, an at Harri . HU ha ike an ey bega /MARKELL alm ent yeie now ed proj uel Mi d cons wo Hous ded
curre g efficie stockpiles said in
ged semakers
the s of ar.f - ief len d staff to
or is to
goal aviation a road
map Sarv ogy logy include er camps restaurants, profits
ca ti on higher g get more of the profit. Brewing Co. in Bethlehem. Other pickup products,
acre Cubeauty
mbe im aproducts piec
nia far
m
ies M 2011 will
allow to grpo sm ojec allt pe s meor
lif an
e Ca ca e is e a paer.
Htenext ofin sting ect He was Coun Osbor missio Stat an iste ificada e will small ro an d initi es d ch h Co nia awar
supp to in of e
ifi sheywas ga at ssinAngstadt said her profit margin is gener-
o er . Th in ng rt melf e ut m uc th - ve their H en e Ci Manaat d thm n-h r np es o an Ja m re alt lva s s
tl enselling
e s ss sh ol no lva rm OTO ni to an th p es e e ne n Ra al fo iti t an hi we hope
nitie se ng s, ”
techn d Tech m dlepercent of thert Tw cla sy ew fa PH
tired service , ea in at ho od
Hill e rv
hawealtherslear ades tiz gi secr ty a co nam count a igilnClo ug tio
Miran n an ing no
and commun ding Latin the need ng s sy wa
asse ally ristiv
to ng to br io sh ag roug an 20 pr ha vil iane en s. Penn recently funding.
said
. On
e sta
te lop
portu e odeli area ms sum id20 ce product locations are in the Chester County and
why not r Penn cheese?” p for able. o re — m ess themandlongern engi them agllem pelle money lor’s s a ba neer. of Ac rer, Ga cre- thony lendi e presid rst also ha ecutive u- but -
in th p – to
deve
g op ucture
,” th 3D m y slide ns. ce an l progra onsored d m ol-
rr en am e of —pi
are ho spire othe g the cro avail r, wh ars of t- pr a has ly onne ent
and tyear and
a fu partn man t to tra et
partm ary of
mm
issio Se
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tio en an her farm stand
e cu progr Market
and the two farmers markets us about 15 percent to 20 percent on the Philadelphia areas. peo- nyde 22 ye rimen s and have thro re er tra s mt en the ent de pmen- aking ex ers. Mill degree
che- Mapr com , inclu rs. An tive
vic ity Fi ite ex shut of th
r thine in
th in wa es ol hn ina ces
wi grou y fu
nd str road se to qu s ent ospa
tia
has
sp scho e tec
she attends, ar the EastontFarmers of $150,000 in gross sales she has in a and
in ltiva
tin any Reifs after expe hops lobrew ugerhs helped ing exabou
ld perie ns- Bu t g equipart- er ent the ne
of Ag Pennsy r. She na Acen rat
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lative “identif drone gu- le 11 ev p- ge es and in high t in th ilo fo g
roughly By having a wider client base, the chee- — Alex Jones, er cu
idCollective a.Creamery CSAo m r, who But Navy after on ized y cal thei with sinan d weye on r far proces vesrs sville unt
ion and in lo aged gr rvin Com a r- lates vant
p HEA
on ro myie elf
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a and one es
inciPhiladelphia. el ns ni t to S. ps gu s . m an pr r ul d un ar. nc oc es ot he ity U in lv w pe ne TS nt en tre t se ch of es at its in te th e ity ke ad to
effiENs to
new nyde U. resp va or
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mod year.
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That
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e the
from chance
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on this ipalitiritye er ps
pr
, with us d lov a co
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g. ania Sales cy
. M EV
re
a Ed
elman adva merica d ou
starte s in Cent
ral r ea
unde growth
com sitioning lopers d try
a scapital-intensive
Penn niche th fede p ya t ing. ram ts an other
ng in InsD
and hops sibi ajo es Hho departtizingotho ide ridle ve ll
askin ies“The questioneffi on aelpickup GE rd year.also s ho rally dssp h- we woul s of e- cir,enDayn -A po sti
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id
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Flyi veral atten state lea drone pr th com- school to is said. out that dr industr lice
ones was, how do
sbuyfo we reach vati she can eas. ” operation. Anywhere Angstadt and Miller rotate between six But they areinon the
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lookout
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wi and Sarv inted televisi
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d in river dronetoile our ca
s, ex slide arProfits ons the CSA vary from month to
cheese improve the profit margin is a boost. varieties of cheese, including Angstadt’s locations along their do it,”
said route
current plan ip prop
hop andshfor in g wi a far
m, du nearby his farm
at t
Theto-day 00rvpo
6,0 tra m
es
toun pelle ed pr llingst
se at ies arterh “In
chare fu ts.
thtere ms soCothol tionfarm
p In
s-bas
ed W Maz
a d nn sb E desi Even was ord
cent
inator- t, Lau
ra Ch
grich fo r serv ganizatio rs 15 co y and su to 40 ty First r investo portunity eak on d ive wo rk wi n throug
io

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ogy, e 00 re s gh of H or oj eer id c. gn Co alis Gin or ve lle 20 ni fo br fie to at r-
The g
intin l Aviatio S. airsp opera-
ac they s to derst rs po es an without standing there kp pl Town m- sle-a cces ou ties 5,000e is Sa ex
cts
peffi c coaricaft
er ectsbrew olde fard fin . ge ho tor -
na agm nam G oro t thSp e eci alist, Paul The w co gh Va from more urce federal
op x quali cent alloc
d
ay
at a farmers market
pres
Witchgrass, her version of a French Valen- pockets of cheese lovers3,4who may want to Carli o saw su s and th
ipal al . He own her.r ansaid County ofPenn med ed D ei si ng for Evenm ting t a ta plan id. h Co
ad—whoping nnmonth,
cie Othe e film an g rail lin , such as varie
stocin thero anted nnsboro
ns, po said idea agen ey un p far M prof is ye nsul l toitiloc for ot ” Shaffer cialnd Msarin bu
an Co Tow Artis an ter, no the Lehi s grown reso n ge ts in zones. “We d an rt sa wealt
DOT butarshe
ra U. e 11 w ho com- tar y prGE es’ kn Joe of G er rkeag SpeciW g e
latio the Fede rols l dron ve of state ce th in th ne— y said they tend to average at cay cheese, and Miller’s Clipper, an aged get in on theirpl als rm . ofes th
es o an es g.
sin ns r. M ns W t Ma er n as in th ca oj ec fin ou on

+ DATA
eyin tions th all day sometimes rain offerings. ne en fal da
als sin lin Co an eidn ak g rs
cont porti ns on
l e Ju
cret end of her overall profits.
t Pe k of and He Fa em eries with engiits ho sionps si
ton
t tin — y- sh M
off an rrier, mbe
rla al yl es tru
t ex a seand. Hti- s deve rson di c- ly Sp singer ing Jang ol y Sp p- fro dn
psysbu ed ei H hi ei Even
er haedia De
al Brsig Lanc lvania, staff ha m in ted in investo ng in pr ty
ugh em Beta
nc mm 7
aeria
ell, Pe the se rtuni
thin ae las g sne er ES
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hebaim
th Cu d the ho ore thanpandare op QU d it is lume ris e es lp th d Co
ed by rtionpeople will come buy it?” she oppo flow thro s. he nization,” First an G page
which s comm th wi icatio ns or traffipeen ewin sy

service@bridgetowermedia.com
room t durin the poright pbsaid. higher raw-milk cheese. They also reach out to “We have to be lean. and usenthe forresources Sunn e co ng d gine e ho e lopm irit Ho- m PeMultim Penn lphia. Its years an ich vesti
small on, alo part ey the will
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as y m eratio ovid re ir
bo pl tio uc ll n er an s. nam Weealth Bo Tow am sa th vo in th
NDIN
nc ld a ss 2017 its. ent c- Care. embe it bach g Ve in wh s by in dubbed
is Ca
A, no ap ec nd ng t-hop c that us ge m Pr
or FA require se. is ber cial insp co . we d emerge story to d ruined le to asse e reaso getti d op st com- d pr hops to Shar aintai all of owled nshi t much erro r, thicipat utfir He imar y
nn
elTS de e s, wi ion ll fund orga ity
ere Alex The current CSA package from the Col- other cheesemakers in other regions, hop- we have,” Jones said. coul s, m cond Sw aking we beers op
. m lly wi mun
NON Phila e past fiv sinesse $30 mill
ed nity
Octo t mer tential. idge weeks to A big culty in lishe Stat
e. RIN in

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EXPA
said erat d fiv W ackn Man op roio ’s for ad or’s oldures. -323-5213 s,
dy en n th Day an One ttle ha e was ab fy th principal ain y local wife, hter ions canseus nieor ed aga is nop-ba and o rsp n ini- will r
tal ga sed area ts typica opportu develop Com
alrea get a lic n’t mea el. In ssed Ac as br Organizing r estab e up ag fresh and his ge daug ing its se fiv an m atar op ill pto
t u ners,” Re
ul
REP Arn
an d t pa tie see e see
ues. 717
the po s such onom tiz w iasy PRO Lisa degree th

PRINT DIGITAL
took y or so, how w ca justi lective Creamery ranges from $180 for a ing to include their specialty craft cheeses One secondary benefit diffi to thegewomen’s sh-h mlvani emen trialse d ll be angin om • to bu to

http://bit.ly/IBR-PREMIUM
te lev resc s ho s. A dron helped ers is with lar es ar r ec s ed Loas fre a To beer stra ugh t LLs wi over ans illion offic- stres vestmen fied rking to n
petelle pleas
to does pa once seen e- ealth Mth d grow i edia.c
tors that e sta makers unicipa
li- Task
that a da have and ent wa In 2016, ass. fate would have it, an old once-a-month pickup of two pounds and in the CSA to give customers more options. local craft cheese making g is the small hous boost a bette l proc He teena ter
is en ntly grow m y na we.nshi es of ps as gist t . ro Ono far mC cleiehop en ha t i e s in ge sp ec nt s Phila FITS werm ct lo t $10 m w loan uld di in quali wo bi natio ht h.

&
But n on th ne in
op ich petin al h ro o ar
an vin p- tch ad . Bu eto re ne e n as m eig
a law ty of m less eys hers projects li- ev mer’s cr age, wh esse loc
esefarmers, reac nt been tw ich e pl ke m
tin the ed ho p ba base any ho vise H e prato e m or nt ia vani delp bridg di
abou ed it wo Th s been in co ion’s
e know
rre nc e He riatric liz e
surv w be do s and ot friend buof sin
Angstadt’s,d Alex Jones, a prominent four varieties of cheese for four months For example, Miller is currently work- it gives to the region’s “Th dairy n which ty co their p yard, wh MS cu t thci et- LeSh as m highbuywill mistic ho we se ship re hilarnold@ s. s open a where d
nizat ve helpe
aft un al ant g sp
at ar ity First ha uld work ntives.
e at ca ve quali that have lynn d Sk wor an
for
actio sylvani ili
e ab d aircr no tie sts of ed th a far l da
m
-off base th ho t. GE ac res, bu res, plist . Sh We- es el elly th ger to -nps , pe
a s th lation- was care re tir s for M a- base from ree year o ha . th e ga
nn can utili the co ve weigh tter off tota claim. spinorganizer hia-of commu- es e es 5 re e le e ea et ho M ro as a . r als lp hi ng wh e or s ha ing
ich co eral ince those is
its th , to $280 for a twice- ing with a sheep farmer to blend sheep Angstadt said are struggling
pani
withus low haprices ans da th harv 3.2 n ac spm ore w be tim Sm on fa ho - “I id. < arylan ugho clin ed oder d tne th di
, Pe ne ers, duce the the delp dustrial pl Bran ing ar of of hops on to seve regr h onsibl ill to 10 .
ar
ith they muldingmiliesto sist La w r-Huet past nonprofit d Philade pand len e mun ion, th ation te, includ
2018 ich lim unman ss
to pa - Farm can re ey also ha they are
be e
ranc ere are Phila ale,
pl
istics s,” said s say ts, er sa 30 d. H ut sor ant pr ical Ju n Co Penn
Fische we ar Com nds, wh ocat ven alloc
su In
nity-supported .
agri- monthly pickup and cow milk together to make a creamy on the commodities market. of sc and log y Brew the ye acap e es tiona inclu tigen wn fsnyd ye re
Sten nc e dg e urts sy ed.
The an ex kets and
fed
ble
of
the sta rrisbur
g,
ral all
e e do ties grow and na hics co fo e nam l- Suzanne reserv ,
78,
wh
gulat
te.
statu ten mov
e
ones
in th th ne ra cade roda bar tch l brewer ien ga lcopl e doera- stru ars of has of m ofes
town le to mar ch fu state ost nota
mer Colo onin varie entually rights mission
fede evious se ments in va-
. Th d Then swell is r Phasculture eO for
to re by the com ive dr ections alize ve a in programs of one-and-a-half Camembert-style cheese. She said there is a dairy s
dure crisis r de the er of Ze
across hops tio ca gred leion
man in th edic - ge eder, Allen ore peop eper into . su other Ha
S U B S C R I P T I O N er in reno
rder . or s ct con- mem l a bo F. sh . All
ties s of with d re to ha tted fo ev ty of prephen,sainidclud di- Lo local in cy ning has ion in e
cine divisi ine Publi Media without
per
es in m pr
sedGreater ctronic
velop alth Cent and the
Bo fo ace it ha Cors m team
d
orize risdiction terfere y, exec
ut insp risks an y -own is to varie cis
bu plty. , Jang ber. Group ower add go de with ong the The
seem liabilit Ryan manager pany bathe be outfiPhiladel- l and
for pounds and three Ultimately, their goal is to turn cheese nation. in pl ong, co g de sinab an du on ar use, ng ele
akes for der dar,” aratio ing more esili ning a at th on a He d like to expect to id. gger 38 de

itoErDsUCATION
auth eys ty ver, work ty “It m pete.” asin Univ bachel stry ex BridgeT uction or includi rints to
and
ing ll.
s a bi mercia a focus on
r rabr of
n in onail s succ , fund milton He el Build ucker Ha wing
l ju abili . en dsiav vani sh
Loca es that ca
Da Surv ones ts, howe me wh sales era co eras caphiarie
m n area,
ty of hadutjust varieties of cheese lovers into die-hard cheese fans. According to the National str
Arm Family urg. Farm trellis m. a wi eries. on ou an hures,
oc n purch ersit or pe a’s Pe e Unive geriatr w ith areh is 9 by rod nner, s, e-p Am
David Aerial uca- g dr ili
rrisb com a large n is of but ice anplan and es- y of ’s degr riencex pand cine ht 201 23. Rep in any ma reprint horization y “We rt sa quire com pp rro
the Ha ter’s Ke g’s Schm ls are na ojects
ol
said usin en co
over said.
n m cam a vaa job rs anda CSA. er to n syste to br
ew d ch ty, pr relm rsity ic m Man de r Copyrig Number content g,
ncou id, re n- use, with

in vis
nanc tone es ed rnm ns ca a ca left with for four months. “We want to cultivate the cheese culture Foundation, America has in Ha lost over uchalf ires ansio teria exhibitestarlat ts er ning estate Balti ee s to e. e is .
from He ha an Sc of Penn edi-
Tow licensin .com.
Aut
al use
ma el. e no ixed- ojects —
ordi ators, at Keys mak Gove rdle to Da y ncer fully eO ne to do operato ell said -
.
prod ing requ igatio en t “Exp quali tate . He Onor m or year from asH ter nshi heim ume
35, c
graphi ited. For wermedia instruction 0-8400
.
,” Beta h, he sa utive lev ecs, th m nc as sb ur cia l pr
er at co as es all irr ls. rv m - six ho or in dept w ex ely pr e La tty offi cia x
rvice million. end mor ted
Vol
e exec
pl s a Saxt
of Ge eantime, commer ive the ta
ised, ted the e. Lanc the of
op com in this area like it is in Europe. We don’t want its dairy farmers in just thesm last 16 years, as pm p ha ato e or syl- p-ba 978-75 is pub- — lik
on hib
cial
t Th s er hu care Ph ry In a typical sw CSA, CSA packages gen- grow es and an ial equi as ifsny
a- expe anning has 25 12 M Drexe ol of torial is pro @bridgeto porate
or
us dr irst spforsisho But
iden hia. quar hers, Bo ps. Sh
Mill e last fiv of what at th adding ne
on ter at
d ha high ns are ra are a y is Hop below t w l, the e wRe l U medical Med & St sed of edi ion, year unity se tion

gain
9)
pres delp rvey for th ht or sp gh d s could
e an rts no tions vario ments, aot groupduofstrfarmers erally run from five people to see cheese as a guilty pleasure, but wholesale dairy prices have dropped g vin ed spec e ho l ill rienc and year th edic and roduct ail larn
old rnal
cor
nce Cen N1058-359 week of rts $5 to bli e m an re ce
vice Phila added.   tionwid such as er to su ong one in e th h ca on ith de Jo er ns eig ni i- um ara m ed d In th e
com that exce en have cant an t back
ac fal sv e in fo rep inte sta
the tw s also ne and pack years to and Lo
d for d-us at could n proces
conc ral expe the op - in in ati ecrly e. H w s of hn vers degr last full er Me- n to
ag Sm gree e tio are th s, em icles for Cle
HOS
rn a dr re illcta e. rmer (ISS
d in risks lve work gove nies, am dr one  with r, epar ia the e ha ealth just ju p yright RNAL That

sees
tioea l m an
base itical, he na – e Seve the connect buya group ve to six months. The as a food you eat every day,” Angstadt said. 1970 prices.
In pr mer and ns pr arketin develo
ith Colle and stra desin- br crea Ch exkpe Uniid.
s ee “There not
ity
Colle ee Pe dge fo chie plaque art
the Cop ESS JOU ek of July
, the ow ditio e s oft va ge mixe th ed
work in states e awar once can op. Howe ke BridgeT ical post- In ad tio
-
PITA fix up pect to mplet- down the state at selec aster-bas t receive
opy
d invo the s vers thos loper
ple, high pa er ess ree an tivle’ photoc ed from
cr does sed com yone Farm t,I pay pests pm Univ ge and MBA a ba te
chilroa gyer- sepe
op e se” Cldiiffresa ity aster nnsy r the f Sten BUSIN t we ber by
Deve buy and can ex on is co ivate
cials or exam lly woul amine said whoto ta “This is a way to grow the cheese community. “Because of the quality I demand, proca e th sum and ogra g ge iod
tion anof consumers current package is t,rvic cteorto Lancnam
plan
in gel be obtain L PENN for the firs of Decem . The per ces. POST-
tone are m y th
an
be ea ed. For that Day
sh
ired mote ich tak e pron
e to this ms, and pu ent of rg Ra elornd e Abboe LITY East - ss th
rt of with Lanc ich did no cklog
up es grow that media a lvan
acro

m
ersit e ou
Keys me offi Jersey – tiona to ex s work that d set to harv y of law
fro
asbu m LoWo ’s prodallthab of w .” or th ern TRA ek 4-2633 iling offi changes t fund will ey to they tructi s pr
dustr ed ba
PUB
esm
com blic
s. Pa
ept
requfresh, lt to
it
y ia.

uris
ive in 00 anwant ebuy shortened since the “People don’t see fine cheese as a neces- premium for the milk,” she said. ps, wh also ar full we , PA 1710 n ba
creato co . H CEN
at so de mirrsed actts y exc

cred
the las
weigh line tradi r trucks re eweb
e in cy da m- BaeltiStr gree mon ties than ce cons ram take and credit e working Fund, wh s its ow
re Dis ma s
d th w ou petit rs ar licenThey sed fficu pl
cons the web ans an unicat la-
m
e th
tch yo
la erat uc sons tive eadye kn will sesanals d o na ole , - town, weekl the last itional addres nia
LIC A
nger th ca HoFarm mord Dufroip. tric urg 940
d Ne dron advoca id. It $5 int, be di ates. tio t of lished ber and St., Harrisb and at add ted. Send rt PA 17703-9 the out in Pennsylva der a
Tax
sity,” added Jones. “When they go to the gro- Her sources include Spring Creek med Hanov s,

ty to
foun rk an g the ility g ladde is da ones wi on nd local
erato produce. a current CSA season
harv
es
can isten site d en ions ns lik ship an e.wnshm the toth ll ionrea n op u -alr reaover as a wh Adam op er s on pr og nk lp lud Fir st t ha
e sa ut op e e m pu ut pr te ba
FFA ts he
ou vem bu
inc part
M tio for
Yo Th he ich cti ar l m ng ll d cli El an yo inc -S. er s No ton , PA ues spo e sh ral s un m ra arke ually g to ity year
facin lvania. t. John
attracillerrgsbTown Har
ntal
- in co fu req
New too, vern s us wh dr a fra mer
cia sellbeshares .of their fu- n ra A has already begun. cery store they feel they have to get produce Wernersville, an organic dairy farm. an and izab
etht She ha
is cu su To inued t no e wun three d se rism the U. Coun Coun 0 Pax risburg Service William responsibl n of
a
being Cent x credit l progra mun
in re e New M tors, us financin s have st,
ases Ba
ues res, Now, line in in to s ca types rren rinich nk bu ur mpeter rv
LAW gies risbu
IRS dia, 150 d at Har 1051, on Com dits this

oun
that, nia’s go the er saidto the cont D
ople com ing ture rs e etou inclusio
After in 2017,
sy diseCreek, g m h in ed to anehy nic ACS be
ge wi weeks. tructi al
iv ty-
rofit
li-
dera
n.
18 ta
of iss in Penn change e in ice soil own sa wh
t ,an finStras namedst g- Laba have be bu aran d ersiTh tr y rg pai Box not - es p
pe crop pr con- tio Customers pick and bread … we want them to think of fine Greg Stricker, a partner in Spring growt a se LLC na -based age is R: Electro vices, PO rnal can t the in this pub
ed. Th from inv into ga the cons nonp in the pa rm
m Colle denc ketin
tax cre cts.
he ,
of 20 from a fe redevelop it.
t lta tra loca d re- ter ntinu
nnsy
lva adop tes vo d take ect the
sa tting FAA ot
and , Day sawhod then
id rtain ee fro d Fi ancidalin Ea
gras sensd M the glo esfose cus sin g needon’somic
ty man Club withou ac- und loc

ster C
e the tio s co on,” Ser Jou
rmation but the at a tate
ing ro a share
thos t to t pu se cheese like that, not as a luxury.” said he pays special attention to the cemilk he r La
vege lan ade attJu rac ager ni m Tr MASTE ption iness h or y ey fo
effor that Pe easingly t, he tosumers, e is a brie-style cheese made by up their orders at ss
id y haEa cessi men or asso ed Ro iad St n equit at mon t some of with wh oje cts
of pr two mids dit proje t of the
coul n insp thou w Honey-Bell . lie acro Pe businderg Cliff. ial wit elope. Info reliable, ranteed.
x Cred
en o nanciaThos nding
sta g on ec s, urba
an m scri n Bus
an r wi ho pi lo ne jo b a lic m Disco Township. ty als vise m A. newnn ing to onom baGreastt ReH d . to: Sub tral Pen mater ive
rece und of fu ort large kets Ta t month
was ped cr he d of ys th so t ra to be
in ot ca e e weekly seni affairs ciate in b Ghor te- be gua for the s th e
env
ll in eras time – an rk wi or,00Stefanie 0 in Jer-Angstadt in her Oley creamery. participating loca- Miller sees the craft cheese industry produces for Angstadt. ort by clie
nts l Serv ts rfrofo wiBr ra e ec em17 an se , The tax-cre en on
At Ke g pick on thupa wo olicited d return
s in lin
awar s taken tham d un co-rd
eter coun 2017 grad tsduan e sed sidered cannot turn turn lopm r. Comm x
Cen
is ho s off

a
s wi encies rly th Ruin 20 pfield t.

INSIDE
ore the rep st Lamp rs to the tourisicesmarkr etMid at er th of uns ro Mar loper ep rent n suppor dits in re

Lanc
litt or ad sse s con citation pp
also agencie t of th e m y ha nd in monthly m er boxes of
ou
$2 PHOTO/SUBMITTED
tthe Ne w tions. Most are busi- growing in much the same way the craft beer “I always try to make the highest-quality ing to on in mpl
si prio
in
the . She
uate likee an
ran
d “Clea ck aft
LLP am
ste ssell, re-e prac th
tice. e gove oz
m
return -addre source informa
tion
a soli new to su e New rtment las the d on deve te ta
t
ies,
as ag
at 36
ou of
’s wa
y. m e
beco the indu
str depe aerial ca t cost ab York or re. < sed in
Ea
of vis
ito
4 milli reaseify th
ritiz Penn ressitau ons, ce s ad elf ba liaing nam Tow le vise ed, self from the utes ned th deve d ke t ca x cre income nere ing the re in Lancas illion in
2019 ction r to Gov He w rn- desig ojects: sury Depa credits to ’s
men sheiare e,tioor ild Kr stamp gathered teness of ein constit
ns. willpohe sts an te marke ceive ta
rt- aw pular men in plaadtiv m
olog d. ins th n depa r harm people , Ar gos y of farmers’
m igh latest w
Necrops, ewhe nesses that focus on industry has developed and grown, with milk, but we try to concentrate on making a to dr - is ba number from 8.6 18, an inc rstifin gani e ns va itiesis- build its “It was bum G. Va ed Ju- afft & nship- ca ion is ple her co ra l lud ild ing $1 0 m un ity
ta ed r da t els na pr cy inc m
esta estors re their fede
hn de in 0 lp in . as t x
men U.S. Trea on in ta Com
ing t m a bu ured
ac nc embe nass sed
Agen sed in
us s the risk Tom cat com
tec y ad main portatio s fo As n be
.
said ote pilo
t fo titz. e pilosharing areaboth t $1,00 and the rewards of the local craft foods and products like farm those in the industry working cooperatively milk that is higher in protein and butter fat inu nsec The rising ople in 20 de aninc ludze wntowH anr
e tdoo d th Cle- ay iff sa
id. ar.” < Gru elor au
’s de guratio ign an
pa
Wol a
and expres ies.
, Da tion
have associa ve trans or prog , is not
ram es ca hers in Li mot sity abou ty is
cont th co s in sed, ford,
ci
They allizmed doand
d ouwill al at in e pr ClCh eek y last ye family r of
ea ber curacy rmation
of any
securit
e m illi ance p, ba real inv st lin g 39 e Bulov stone po ct, while .
dron y and ot a rem sed 15, -den apsseason and giving those farmers a stands or craft brewers, which support “buy e nin rea pe Ox at , an of is gr n. d f’s info Th 5 Fin ou Th e ain ta er
unt ag
ita tre
Corn the proje million uncem
farmers’ instead of competitively to boost the entire to make her cheeses,” Stricker said. un se so tor
The ha ers id ive is ns ba in 20 - high d perh ter Co 2018 as
th rea inc
5 milli .
on by
ided ics and rev tebia
rs thRe es
overec idencerta inl shaktice law th e ee from H e ha le d hi No
se or
sale
ded
$5 using ne Gr s to e th
50 sta fund
tes cent it sa
DOT, ated ou
tside off, Da an Flah l Solutio founded mpa sey an more reliable source of income. local” efforts. industry by sharing tips and efforts. Stricker said the extra money a cheese-Lancas with ty sa
w inc s.
m job a to 8.8 nt was
prov om bars, Colum
and ing Mou eativ
crain e lscClho
nt iff, dir seeter. t’s nnis Pa
as desig — Ioa grou prac- SEN Penn s a ba s purcha
awar lvania Ho Cornersto ut ive ich co ive credit ey can us into other $8 ct anno
ris rce on by ol offi ne ch ec wh ce Th nt its
Send DIN
e co le, un Joe nc sy h perce
the Keeg d Aeria ta itz ’s p.
at Penn was “It’s the whole ‘a rising tide raises all maker like Angstadt is willing to pay repre-ore peop at the co g and tou result of
pe da Ec orted Lit to e di er La w r n as ce ar St -
Penn onwealt ’s ex s. n re t. d an oje
taxe estors ca investmen such: 5 6 per- id pr
iti estat s, of 2.5 report’s sh . sh ly 20 Fo ate.
ts th
men operati
ons. have in anne pany real prop
ertie “My job was to buy products from dozens Having a variety of pickup locations in
m th urism s rep es and
like
Refre according Discovrectorningebou sit pe e w year r prom announ NEW
G m stone e funding adde er sa
s secr
e-
Unm the com rk with ships’ kind of thing,” she said. “We all benefit sents a needed boost for small farms like his. ive year itor spen
din the inu ed The ed To collection rat for de of Sc e. He cts m rn er ne Inv eir s as d lm
that Co th year e years an
ws of ip, as

Brundage
e of local farmers,” Jones said. the region helps the Collective’s members is nt as sh ns br oa cast s,
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Focus: Real Estate................................ 9-11


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People...............................................16-17
developments, resort Focus: Finance...................................19-21
expansion Top Lists............................................22-23
PAGE 5 Roundup.................................................. 24
WWW.IDAHOBUSINESSREVIEW.COM | February 4, 2022 | IDAHO BUSINESS REVIEW 19

FOCUS | FINANCE

Wells Fargo awards grant to Treasury management is helping


Economic Opportunity by Jannus local businesses of every size
BY BROOKE STRICKLAND guage learners while others are veterans or manage payment risk
SPECIAL TO THE IDAHO BUSINESS REVIEW vocational rehabilitation clients. They have
varying degrees of business experience, BY BEN CHANEY

T
In Idaho, Economic Opportunity by few or no assets and low or non-existent he pandemic has driven Idaho’s
Jannus (EO) is doing its part to empower credit histories.” small and medium-size businesses
underserved Idahoans through its one-of- The grant money awarded by Wells to expand their digital footprint.
a-kind business development programs, Fargo has allowed the organization to It’s been a much-needed lifeline for
including those in the agriculture sector. increase its staff, which will ultimately business owners looking to source cus-
Wells Fargo recently awarded the orga- create the opportunity for increased out- tomers, suppliers and growth opportu-
nization $345,000 through its Open for reach and the expansion of its education nities. Unfortunately, our treasury man-
Business program to help aid EO’s small and training courses. For example, as part agement teams are seeing the down-
business clients as they start their own of its ongoing commitment to Idaho, but side of our customers’ more prominent
business in Idaho. The money will also go also the world, EO partnered with Global online presence: an increase in payment
toward other initiatives that will expand Gardens, an Idaho Office for Refugees fraud. Criminals have become skilled at
entrepreneurship around the state. program that customized its three-part tracking the additional data available on
As of December 2021, Wells Fargo has business planning course to be specific to increasingly digital organizations and
distributed approximately $420 million agriculture. There is a worldwide trend in using it against them.
to more than 200 nonprofit organiza- agriculture to produce and consume more The worst part is that these fraud-
tions around the country that serve small locally grown vegetables and fruits, so sters are intentionally taking advantage Ben Chaney
business owners. Approximately 85% of through the multiday course, participants of the closeness of the Idaho business
those grant recipients are projected to were able to draft business plans for their community. We’re not Los Angeles or ing software, the details are exported to
be Black, African American, Hispanic, farming startups and gain the tools needed Seattle — we have a larger percentage of the positive pay system; then, when the
Native American, Asian American and to secure funding to start their future busi- small businesses here — and we rely on check comes in for posting, the bank
other traditionally underserved small busi- ness venture. personal relationships and trust when compares the details on the check to
nesses. Wells Fargo estimates that the fund Timmons said, “Small businesses are we do business. It’s not uncommon for a the details the business provided when
will reach more than 152,000 businesses the heartbeat of our communities, in Idaho company in this market to send an email it issued the check. Any discrepancies
nationwide and will help preserve more and across the country. They pump life into to their friend down at the bank request- are flagged so the company can review
than 255,000 jobs. EO was one of two grant our neighborhoods, making them vibrant ing a wire transfer. This makes Idaho them and approve or reject payment. It
recipients in Idaho. places to live and work and raise families businesses particularly vulnerable to pay- is a simple way to help prevent unautho-
Tony Timmons, assistant vice president — and they are the key to millions of local ment or wire fraud since criminals will rized payments and stop the most com-
of communications for Wells Fargo in jobs. The Idaho economy is powered by impersonate trusted business customers mon types of check fraud. More impor-
Idaho, explained that the bank has a his- small business, and Wells Fargo is commit- over digital channels like email. We now tantly, it frees up business owners to
tory of working with Jannus and they were ted to helping them persevere during the see some form of fraud from our clients focus on running their business, instead
thrilled to able to be a part of this latest pandemic and plan for the future.” in Treasure Valley every week, and we are of constantly monitoring accounts for
endeavor. In addition to the funds awarded by addressing some very genuine-looking potentially fraudulent activity.
“Wells Fargo has worked with EO for a Wells Fargo, EO also receives direct sup- requests that turn out to be fraudulent. Other treasury services for efficient
number of years encouraging the econom- port from the bank in a variety of ways. What many smaller business own- and secure payment include business
ic development of entrepreneurs in Idaho, This includes technical assistance from ers don’t realize is that their bank can credit cards, which offer zero liability
including among the refugee population,” the local Wells Fargo team, not only to help address these challenges. There for fraudulent transactions, and ACH
he said. “EO demonstrated expertise and EO, but to the clients it serves, such as are simple treasury tools that provide payments with dual-control protocols
a proven track record, particularly in serv- financial education, financial knowledge a safer option for generating and send- (requiring sign-off by two individuals to
ing racially and ethnically diverse-owned tools, materials and banking products and ing wires online, with encryption and confirm transactions).
businesses in Idaho that have been dispro- services. Wells Fargo also volunteers as double-checks that greatly diminish the
portionately impacted by the COVID-19 needed and helps establish connections potential for fraud. Employing these Scalable solutions
pandemic compared to other small busi- with other community leaders and organi- and other fraud-prevention practices As a community bank, First Interstate
nesses. We want to help this diverse com- zations as needed. can not only protect small business- works primarily with small and medi-
munity make their small business dreams Parker said, “EO recognizes that small es from online criminals but also help um-sized businesses, and we find that
come true.” business owners who are financially fragile business owners more efficiently man- companies at the smaller end of the
EO has had an impact on the state of often have other needs that if left unad- age cash flows and improve accounts spectrum sometimes assume that cer-
Idaho and small business owners with a dressed lead to financial instability. These payable/receivable processes. tain services are available only to larger
dream since its inception 20 years ago. The needs can appear in any area of their lives, businesses. But there are no upper or
organization has lived up to its mission including child care needs, chronic health Moving money securely lower limits on business size — trea-
by providing culturally and linguistically condition of a family member, English Effective cash management is critical sury management services scale to meet
appropriate training, personal and credit proficiency, unaddressed behavioral health for any size business. The right treasury the needs of any organization. In fact,
building loans, small business loans, credit needs and lack of transportation. By help- partner can help analyze and forecast a smaller business may need some of
coaching and much more. In addition ing clients plan for and address their many a business’s cash flows to make sure these services even more, since it is
to the countless hours of personal assis- needs with wrap-around services, EO has inflows and outflows align, reducing unlikely to have an accounting team, or
tance that the organization has given, it observed increased self-sufficiency and the risk of costly errors, as well as iden- even a dedicated bookkeeper, monitor-
has provided more than 600 loans and has improved financial stability.” tifying opportunities to generate cost ing transactions all day.
dispersed over $2.4 million in capital to “The opportunity to partner with Wells savings. For example, a business using Virtually every company in Treasure
small businesses in communities around Fargo through the Open for Business Fund ACH services might combine a line Valley that we have worked with over
the state. has increased capacity for critical fol- of credit with a zero-balance checking the years has been exposed to some
Kelli Parker, director of EO, said, “All low-on services that help ensure the clients account to lower total interest payments. form of attempted check fraud, wire
those who enroll in EO programs face will, in fact, see an improvement in their Before the pandemic accelerated the fraud or email fraud (ACH fraud and
barriers — some clients are English lan- financial outlook,” she added. adoption of electronic payment meth- credit card fraud are much less com-
ods, many Idaho businesses were still mon, thanks to new security technol-
manually issuing and depositing checks, ogies). They have not all suffered loss,
using labor-intensive and nonsecure because we have been able in many
practices. For businesses that continue cases to prevent or resolve the issue, but
to receive paper checks, remote check sooner or later everyone could feel the
depositing services lower the cost of possible impact if the right safeguards
payment processing and accelerate are not put in place.
check clearing — which improves the While treasury management solu-
availability of funds. tions cannot eliminate the risk of fraud,
On the payment side, positive pay is they can mitigate the risk while sup-
an important back-end fraud prevention porting more efficient transactions and
tool that has been well-received by local improved cash management — giving
businesses of all sizes. With positive pay, our partners greater peace of mind and
the bank monitors and double-checks more time to focus on their business.
every transaction that comes through a
Food Land Market owner Hana realized her dream and opened a combination business owner’s account. When a com- — Ben Chaney is senior vice president and
Mediterranean restaurant, grocery store, bakery and coffee shop with assistance from pany issues a check through its account- regional treasury manager at First Interstate Bank.
Economic Opportunity by Jannus. PHOTO COURTESY OF ECONOMIC OPPORTUNITY BY JANNUS

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