Funds to help nonprofits and small businesses following increased incidents of hate
WASHINGTON, May 28, 2021 /3BL Media/ --Wells Fargo is awarding $1 million in grants to provide support for the Asian American and Pacific Islander (AAPI) community and small businesses in response to the COVID-19 pandemic and the recent increase in anti-Asian hate, discrimination and violence.
Our Money Matters: Financial wellness program kicks off on seven HBCU campuses to advance financial health of Black college students
MIAMI, May 21, 2021 /3BL Media/— The Historically Black Colleges & Universities Community Development Action Coalition (HBCU CDAC) is proud to announce the launch of a comprehensive financial wellness initiative, Our Money Matters (OMM) for college students of color.
New $50M evergreen investment fund will support the development of Black entrepreneurs and businesses, providing catalytic investments with a focus on closing the racial wealth gap
WASHINGTON, May 20, 2021 /3BL Media/ - Today, the Black Economic Alliance Foundation (BEA), in collaboration with Wells Fargo, launched the Black Economic Alliance Entrepreneurs Fund (BEA Entrepreneurs Fund) to accelerate the growth of Black entrepreneurs and business owners. The $50 million evergreen fund will provide seed, start-up, and early-stage capital to businesses founded and led by Black entrepreneurs.
Diverse underwriting firms to receive bulk of fees from $1 billion Sustainability Bond, which supports housing affordability, socioeconomic opportunity, and renewable energy
SAN FRANCISCO, May 19, 2021 /3BL Media/ - Wells Fargo today announced the issuance of an Inclusive Communities and Climate Bond, its first Sustainability Bond, which will fund projects and programs that support housing affordability, socioeconomic opportunity, and renewable energy. The transaction builds on Wells Fargo’s expertise in and history of underwriting green, social, and sustainability bonds, and advances the company’s commitment to accelerate a more inclusive and sustainable economy.
New initiative will help unbanked Black and African Americans, Hispanics, and Native Americans have easier access to low-cost banking
NEW YORK, May 18, 2021 /3BL Media/ -- Wells Fargo today announced the Banking Inclusion Initiative, a 10-year commitment to help unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts – a meani
Through its Open for Business Fund and the Paycheck Protection Program, Wells Fargo is continuing to support small businesses in California with the capital and resources they need to make a way to stay open, day after day.
The past 12 months have proven the resiliency and resolve of 30 million small businesses across the U.S. as they make a way to stay open day after day. Wells Fargo recognizes the importance of America’s small businesses — for local communities and the broader national economy — and the company continues to provide them with access to the capital and resources they need to weather the economic fallout of the COVID-19 pandemic.
Company grants $3 million for health care and emergency response
SAN FRANCISCO, May 6, 2021 /3BL Media/ - As part of its response to the ongoing COVID-19-related humanitarian crisis in India, Wells Fargo & Company (NYSE: WFC) is committing more than $3 million through nongovernmental organizations to increase hospital capacity, supply oxygen concentrators and critical medical equipment, provide emergency transportation, and support health care workers.
Wells Fargo has published its2020 Social Impact and Sustainability Highlights \report, providing an update on the company’s social and environmental activities and progress during 2020 to support an inclusive, sustainable economic recovery, including contributions to COVID-19 relief, racial equity and inclusion, and climate change.
A recently announced collaboration with Duke Energy and NextEra Energy Resources represents another step in Wells Fargo’s goal to achieve net zero greenhouse gas emissions by 2050.
As Wells Fargo continues to ramp up efforts to respond to our planet’s climate crisis, the company has announced another major solar expansion, this time with our North Carolina neighbor Duke Energy. Under a 20-year renewable energy purchase agreement, Wells Fargo will receive 100% of the output from a planned 600-acre solar farm in Catawba County. The project will supply more than 50% of Wells Fargo’s electricity needs in North Carolina and approximately 8% of the company’s annual global electricity requirements when it comes online in 2022.