$25M grant will target racial wealth gap and persistent poverty through Finance Justice Fund
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.
Common Impact commits to leveraging skills-based volunteering to help small businesses recover and thrive for the long-term
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.
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.
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.
The nonprofit MoFi is providing working captial to small businesses through its new Thrive loan program
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.
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.
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.
$84 million deployed so far has helped keep 50,000 small business jobs
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 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.
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.
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.