Wells Fargo Donates $500,000 for Small Business Growth in SC
Wells Fargo announced another new boost to diverse small businesses today with $7.9 million in grants from its Diverse Community Capital program, which offers capital and technical assistance to minority-owned small businesses through Community Development Financial Institutions (CDFIs). To date, the program has generated more than 103,000 jobs across the U.S.
“Small businesses are experiencing a time of rapid growth, but entrepreneurs are still struggling to reach their full potential,” said Jon R. Campbell, president of the Wells Fargo Foundation. “By working with CDFIs, we can fund efforts on the ground that remove barriers, expand highly personalized coaching and put more small businesses on a path to succeed, especially in underserved communities. Every community needs small businesses to create jobs and financial stability.”
