Wells Fargo grants $2 million to Main Street Launch
Main Street Launch received a $2 million investment to help diverse entrepreneurs in the Bay Area achieve as part of the Wells Fargo Works for Small Business: Diverse Community Capital program. The grant increases lending opportunities for diverse small business owners; provides coaching and educational resources; and improves, creates, or adds resources, materials, products, or programs that better serve target markets. Main Street Launch is using its award to launch an African American Entrepreneurship Institute focused on providing support through all life-cycles of a business, important to building inter-generational wealth. The program was announced during #OaklandSmallBusinessWeek 2019 at local business McMullen. Read about it in the Oakland Business Review (page 14). Watch the story here.
#OAKPROUD Congratulations to Chamber members Main Street Launch and Wells Fargo!
Working Solutions celebrates 20 years
Working Solutions celebrates 20 years, the First to Believe in startup and early-stage businesses by providing diverse entrepreneurs with affordable capital, customized business consulting, and community connections to increase economic opportunity in the San Francisco Bay Area. Trace the organization's route from workforce development program, under the auspices of TMC Financing, Working Solutions started its own microlending program in 2005, and in 2009 became a certified Community Development Financial Institution (CDFI). The company continues to innovate and has become a critical element in the regional funding ecosystem. Read about it in the May/June 2019 issue of the Oakland Business Review. #OAKPROUD work by a member of the Oakland Chamber of Commerce.
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