![]() “We need lots of approaches to innovation to address our current climate challenges, and we’re excited to partner with LACI to fill a capital gap that will enable more companies, from more regions and founder backgrounds, to access investment for their growing businesses.” said Victoria Fram of Sobrato Philanthropies and Pat Arnold of Homecoming Capital. “The LACI Cleantech Debt Fund will also help reduce barriers to capital for underserved founders from historically underrepresented communities–too many founders cannot access traditional bank financing as they lack adequate personal assets, or the personal networks needed to secure early stage investment.” “To help cleantech startups move at the speed and scale needed to meet the climate crisis, we created the LACI Cleantech Debt Fund as a new tool to give early stage cleantech founders a timely, affordable alternative to expensive venture capital and slow moving bank debt,” said LACI CEO Matt Petersen. Additionally, the Wells Fargo Foundation is providing a grant to cover initial operating costs and loan loss reserves. LACI created the Cleantech Debt Fund in partnership with anchor investors Sobrato Philanthropies and Homecoming Capital, who are aligned in their missions to support more entrepreneurial innovation to address climate challenges. Unlike most traditional bank loans, the LACI Cleantech Debt Fund will not require founders’ personal collateral or their personal credit scores in underwriting. LACI endeavors to help underrepresented founders–in particular female, Black, and Brown founders–overcome some of the institutional and historical barriers they face in accessing capital to grow their business. The $6 million fund will provide loans of $25,000 to $250,000 to an estimated 100 early-stage startups over five years, providing a non-dilutive alternative to venture capital for companies that need financing to support their first customer orders or working capital to scale their businesses. I hope I can find another store that has retained the original quality.The Los Angeles Cleantech Incubator (LACI) announced the launch of their nationwide LACI Cleantech Debt Fund, a first-of-its-kind green loan program to scale early stage cleantech startups and accelerate equitable climate action. So sad, as it was a part of my childhood. But a business cannot compromise their quality and product like this. But I was willing to pay to support a local business in times of trouble. The prices at the Burbank store have also gone through the roof (to laughable levels really), and they now charge $1 to use a credit card (which seems excessive). I know stores are struggling, and I feel for them. This was not the same (and in fact, not really good). Trust me, I know what these things taste like-it is one of those tastes burned into my brain from childhood. The resulting color (now yellow from the thickener) and taste (no longer the clean vanilla Fosters is famous for) was a huge disappointment. This week, the local store made the Twister with milk added and several spoons of a THICKENER. When I have gotten Twisters in the past, the recipe has been simple: ice cream and the mix-in. past years as I moved away).Īnyway, for nostalgia and to support local companies during COVID, I recently drove my family back to Burbank for a round of Twisters. I have been a customer of the Burbank store for over 30 years (but less so in. Fosters has the best soft ice cream base in the world-so clean and fresh in its vanilla. Have been a huge Fosters fan for the last 45 years. Restaurants with Outdoor Seating in Burbank.Restaurants for Group Dining in Burbank.Mexican Restaurants with Outdoor Seating in Burbank. ![]()
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