small business

Opportunity Finance Network Receives Largest Grant in 35-year History From Wells Fargo

$25M grant will target racial wealth gap and persistent poverty through Finance Justice Fund
Press Release

WASHINGTON June 21, 2021 /3BL Media/ --- Opportunity Finance Network (OFN) announced that Wells Fargo is committing a $25 million grant to its Finance Justice Fund to help tackle systemic barriers to capital in communities around the country.

Skills for Small Businesses

Common Impact commits to leveraging skills-based volunteering to help small businesses recover and thrive for the long-term
Blog

Small businesses – the bookstores, landscaping services, family restaurants, neighborhood dentists, and so many others – are vital components of our economy and communities and central to Common Impact’s mission of alleviating inequality.

'I Was Able to Focus on the Big Picture Again'

Small business owners like Roxanne Best have been able to stay afloat during the COVID-19 pandemic, thanks to low-interest loans from Northwest Native Development Fund and a grant from Wells Fargo’s Open for Business Fund.
Article

It's not until she says it out loud that Roxanne Best truly realizes all of the different jobs she does. “I always think, ‘Wow, how do I do all of that?” Best said. Years ago, she was a scuba diving instructor and filmed students’ underwater trips, developing a knack for photography and videography. She then worked for the Confederated Tribes of the Colville Reservation’s casino and started her photography business on the side. Eventually, it grew into her full-time job.

Providing 'a Ramp Back to Success' for Small Businesses

The nonprofit MoFi is providing working captial to small businesses through its new Thrive loan program
Article

At the age of 34, Brian Menges had achieved his life dream of owning a restaurant, 2nd Street Bistro, in Livingston, Montana. Business was good over the years for Menges, who now owns the restaurant group Slainte Mhath Inc., which also includes The Murray Bar, Gil’s Goods, and a commercial kitchen.

On-Demand Support for Your Small Business

Taproot Foundation pro bono now available to small businesses
Multimedia with summary

Thursday, March 11 at 1 PM ET / 12 PM CT / 11 AM MT / 10 AM PT 

REGISTER NOW 

Your small businesses help make up the backbone of our communities. But right now, given the challenges of this past year, we know that you may be struggling. Let’s get you connected with volunteers who can help.   

Raza Development Fund Awarded Wells Fargo Open for Business Grant to Provide Relief for Small Businesses Impacted by COVID-19

Press Release

PHOENIX, February 24, 2021 /3BL Media/ - Raza Development Fund (RDF), the nation’s largest Latino Community Development Financial Institution (CDFI), has been awarded a $3.5 million grant from the Wells Fargo Open For Business Fund in support of its Small Business Initiative program which serves minority and women-owned small businesses suffering from the impacts of the Covid-19 pandemic.

Wells Fargo's Open for Business Fund Boosts Access to Minority Lending

$84 million deployed so far has helped keep 50,000 small business jobs
Press Release

SAN FRANCISCO, January 21, 2021 /3BL Media/ - As many small businesses are still experiencing hardship from the COVID-19 pandemic, Wells Fargo is working to support its customers in another round of the Paycheck Protection Program (PPP) and continuing to provide additional small businesses support through its Open for Business Fund.

Governor Cuomo Announces Second Phase of Empire State Digital with Ritual and PayPal to Support New York Restaurants and Food Service Industry

Article

Governor Andrew M. Cuomo today announced the second phase of New York's Empire State Digital initiative to support the state's restaurants and food service industry affected by COVID-19 has launched. Beginning today and extending through April 2021, e-commerce company Ritual will offer its commission-free digital ordering platform Ritual ONE to New York's restaurants and food service businesses at no cost, for pickup and delivery.

Fifth Third Bank Launches Collaborative Initiative to Assist Small Businesses Impacted by COVID-19

Press Release

CINCINNATI, December 11, 2020 /3BL Media/ – Fifth Third Bank, National Association, has announced the launch of the Greater Cincinnati COVID-19 Small Business Response and Recovery Initiative to ensure the success of small businesses in Hamilton County. The Initiative will provide small businesses of 25 or fewer employees (with an emphasis on small businesses with five or fewer employees) in low-to-moderate income communities that have been impacted by the pandemic with advice and pathways to accessing capital, via the Initiative’s loan and grant programs.

How Investing in Women Helps Everyone During a Pandemic

Article

by Ebony Perkins, Investor and Community Relations Manager at Self-Help Credit Union

Can women really have it all?

Women have made much progress in the last century. They gained the right to vote, currently earn a higher percentage of college degrees than male counterparts, and represent more than half of the American workforce. Despite their strides, women have been disproportionately impacted by the pandemic’s economic effects, and their progress is in jeopardy.

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