small business

Bloomberg Co-Hosts First Goldman Sachs 10,000 Small Businesses Coaching Session in the UK

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Last week, Michael Bloomberg – co-chair of the Goldman Sachs 10,000 Small Businesses Advisory Council – addressed 400 small business owners at Goldman Sachs’ London headquarters.
 

Detroit Development Fund, JPMorgan Chase and the W.K. Kellogg Foundation Announce First Loan Recipients of the Entrepreneurs of Color Fund

Four Detroit-based minority-owned small businesses receiving $325,000 in loans are providing lighting, construction and retail services from the city’s neighborhoods to downtown
Press Release

Detroit, December 3, 2015 /3BL Media/ – The Detroit Development Fund (DDF), JPMorgan Chase & Co. and the W.K. Kellogg Foundation (WKKF) today announced the first four Detroit-based minority-owned small businesses receiving loans and lines of credit from the Entrepreneurs of Color (EOC) Fund. The lending from this $6.5 million program is going to Detroit-based neighborhood businesses owned by entrepreneurs of color and businesses that primarily hire people of color.

Accenture’s Support of Youth Business International Will Help Young Entrepreneurs Launch 10,000 Start-Ups

Press Release

LONDON, December 01, 2015 /3BL Media/ – With a US $5 million grant from Accenture (NYSE:ACN), Youth Business International (YBI) will enhance the capacity,scale and impact of its global network and equip 50,000 youth worldwide with entrepreneurial skills.

Macomb Innovation Fund Awards $300,000 to Five Detroit-area Technology-focused Startups

Unique initiative provides mentoring and capital to early-stage businesses, as well as learning opportunities for Macomb Community College’s students
Press Release

WARREN, Mich., November 18, 2015 /3BL Media/ – Five early-stage companies from Macomb, Oakland, Washtenaw and Wayne counties will receive $300,000 in funding from the Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co.  

Wells Fargo Invests $1,000,000 in Metropolitan Consortium of Community Developers

Investment will provide small business loans for emerging entrepreneurs
Press Release

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.

Helping Small Businesses 'Start, Stabilize, and Grow'

Wells Fargo launches $75 million Diverse Community Capital Program
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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.

$75 Million Wells Fargo Program Supports Diverse-Owned Small Businesses with Loans, Grants to CDFIs

Three-year capital program created in collaboration with Opportunity Finance Network
Press Release

SAN FRANCISCO, November 2, 2015 /3BL Media/ - Wells Fargo & Co. (NYSE:WFC) today announced the launch of its Wells Fargo Works for Small Business: Diverse Community Capital program. The three-year program will deliver $75 million in grants and lending capital to Community Development Financial Institutions (CDFIs) that serve diverse-owned small businesses.

VEDC and JPMorgan Chase Announce Loan Fund for African American-Owned Small Businesses

The National African American Small Business Loan Fund will increase economic opportunity for small businesses that lack access to credit and primarily serve low-income communities in New York City, Chicago and Los Angeles
Press Release

NEW YORK, October 23, 2015 /3BL Media/ – VEDC and JPMorgan Chase & Co. today announced a new lending program for African American-owned small businesses in New York City, Chicago and Los Angeles. The National African American Small Business Loan Fund will boost economic opportunity for minority-owned businesses in these cities and help them serve low-income communities by providing them with greater access to capital, technical assistance and financial consulting.

Small and Medium Enterprises Adopt Sustainable Business Practices in Morocco

Press Release

October 14, 2015 /3BL Media/ - The World Environment Center (WEC) announced today the successful completion of a U.S. Department of State funded project to expand the sustainable development commitments of Moroccan businesses by Improving operating costs, reducing materials, energy and water consumptions, and minimizing solid waste, wastewater and e air emissions. WEC has partnered with the Casablanca-based firm RIO (Reduce-Invent-Optimize) to implement the local activities and provide advanced technical expertise for the project.

Kiva.org and Capital One Launch Kiva San Francisco

Kiva San Francisco Connects Local Small Businesses Owners with 0% Interest Crowdfunded Loans to Help Them Start, Sustain and Grow Their Enterprises
Press Release

October 2, 2015 /3BL Media/ - San Francisco-based Kiva.org—best known for crowdfunding 1.7 million entrepreneurs globally—is now going local with the launch of “Kiva San Francisco.” In partnership with Capital One, this initiative will bring 0% interest crowdfunded loans to hundreds of San Francisco small business owners who are socially impactful and financially excluded from mainstream lending options.

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