Coastal Enterprises, Inc., exemplifies how support from Wells Fargo’s Diverse Community Capital program can bring economic opportunity to underserved populations.
The American dream — rooted in struggle and resulting in achievements that benefit entire communities — continues to play out for immigrants such as Adrian Espinoza Garcia and Mariama Jallow. Garcia, originally from Bolivia, and Jallow, who was born in The Gambia, are recent business owners in Portland, Maine.
According to US SIF: The Forum for Sustainable and Responsible Investing, Socially Responsible Investing (“SRI”) has reached the $12 trillion asset mark. Unfortunately, the vast majority — 97 percent, to be precise — comprises investments in the traditional capital markets in which decisions are made using Environmental, Social, or Governance (“ESG”) criteria. While I applaud people adding ESG screens to their portfolio, it is imperative that we find ways to support direct, community-level investments.
California Capital and other Community Development Financial Institutions in low-income communities across the U.S. serve as an economic lifeline for local residents and small businesses in need of financing.
When Jameka Smith saw an opportunity in 2017 to shift her career from veterinary pharmaceutical sales to owning her own animal hospital, she knew she would need access to affordable capital to buy the business. Traditional financing, however, was something that proved harder to obtain than she had anticipated.
Diverse Community Capital program already supports 16,000 business loans, helped create more than 103,000 jobs across country
SAN FRANCISCO, July 26, 2019 /3BL Media/ - Wells Fargo announced another new boost to diverse small businesses today with $7.9 million in grants from its Diverse Community Capital program, which offers
If it looks like steak and tastes like steak, it must be steak, right?
To Chef GW Chew, it’s something even better: a vegan Philly cheesesteak. His “Philly Cheeze Steak” sandwich — “cheeze” instead of “cheese” since it’s not made from milk — is one of several plant-based food offerings at The Veg Hub, a restaurant he founded in Oakland, California.
When Celeste Phillips wanted to start her own business, she turned to Bridgeway Capital, which provided her with funding and resources, thanks to support from Wells Fargo.
Celeste Phillips believes that working for someone else forces you to put your own dreams on hold. But working for yourself, she said, allows you to fulfill your dreams. Read the full story and watch the video at Wells Fargo Stories.
That’s why she started Big LuLu’s Trucking LLC, a construction and hauling company in Pittsburgh.
[Article from the January 2016 issue of GreenMoney Journal]
Self Help Credit Union’s Green Impact Capital
By Melissa Malkin-Weber, Sustainability Director, Self-Help Credit Union
When I finished graduate school in 1994, I wanted to build a meaningful career using my training in law and public health. More specifically, I had two major goals: to create a more sustainable planet, and to invest my money in a way that was consistent with my social justice values. Ideally, I would weave the two together.
A Dialogue on Community Development and Impact Investing: Featuring Ron Phillips and Ellen Golden of CEI
Ron Phillips is the founding CEO of Coastal Enterprises, Inc. (CEI), the Community Development Corporation (CDC) and Community Development Financial Institution (CDFI) based in Maine. He will be stepping down from CEI in July 2016 after 38 years. Ellen Golden is the Senior Vice President for Corporate Development and Managing Director of CEI Investment Notes. She is stepping down this month after 37 years with CEI.