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.
Investment will provide small business loans for emerging entrepreneurs
MINNEAPOLIS, Nov. 16, 2015 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced it has provided a $1,000,000 Equity Equivalent Investment (EQ2) to Metropolitan Consortium of Community Developers (MCCD), a 501(c)3 organization that provides small business loans and technical assistance to emerging entrepreneurs who may be challenged to meet traditional underwriting criteria by virtue of being a start-up or those who have credit challenges and/or a shortfall of collateral.
Wells Fargo launches $75 million Diverse Community Capital Program
A nonprofit in Jackson, Mississippi, will use a $2 million grant from Wells Fargo to support commercial lending, outreach, and technical assistance programs for minority- and women-owned and led small businesses.
Directory Designed to Create More Awareness of Available Funding
CHARLOTTE, N.C., October 1, 2015 /3BL Media/ – Bank of America announced today the launch of an online community development financial institution (CDFI) directory to connect small businesses to more capital. This nationwide directory, www.bankofamerica.com/cdfi, will enable entrepreneurs and small business owners to find a CDFI in their community, creating an opportunity to access funding to help grow their businesses.
Think back to 2011. The worst of the recession in the US is over (for some.) It's been a few years, but you can now afford to get back to your regular patronizing of your local Starbucks. As you order your morning caffeine the barista asks if you'd like to help Starbucks create more USA-based jobs. She hands you a red, white and blue wristband with a zinc plate inscribed with the word 'Indivisible.' The barista tells you that the bracelets are made in the USA and from 100% USA-manufactured materials.
Elizabeth Street Capital Initiative Launches With Initial $10 Million Investment to Grow Women-owned Small Businesses and Create Communities of Entrepreneurs Across the Country
Feb. 6, 2014 /3BL Media/ - The Tory Burch Foundation (TBF) and Bank of America today announced the launch of Elizabeth Street Capital, an initiative designed to provide early-stage women entrepreneurs in the United States with access to low-cost capital, mentoring support and networking opportunities to grow their businesses, creating communities of women entrepreneurs.