Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
Those of us who work for or support the nonprofit sector have always known how important it is to the nation’s health, environment, safety net, creativity and quality of life. From churches to cultural centers to food banks, schools and humanitarian organizations, the nonprofit sector feeds the nation’s soul, its heart and its body. But, it’s also critically important to the nation’s economy and job market.
The Lean Rocket Lab announced today that it is receiving $300,000 in support from the Michigan Strategic Fund, the Consumers Energy Foundation and local organizations to help nurture the next generation of businesses in Jackson.
‘Viewpoints’ invites guest authors from outside of Wells Fargo to share an important perspective related to their work. Today, we welcome Marc H. Morial, president and CEO of the National Urban League.
Chobani joined the Foundation’s mission to alleviate poverty last year, and they have pledged $50,000 as a 2019 Supplier Alliance for Microcredit member to alleviate global poverty.
Every quarter Whole Planet Foundation aggregates field metrics from our microfinance partners who are disbursing and collecting microcredit loans to people living in poverty. With a small loan – the current average first size is $178 - an impoverished entrepreneur has the opportunity to create or expand a home-based business and generate income for herself and her family.
Whole Planet Foundation’s global impact has reached microentrepreneurs in India and 74 other countries thanks to supplier donors - like Numi Organic Tea - who have contributed more than $12 million for poverty alleviation.
In the spirit of #FundHerFuture, the generosity of David and the Papyrus-Recycled Paper Greetings generosity has created 43,000 opportunities for women entrepreneurs and their family members to live a better life through entrepreneurship.
Wells Fargo announced $18.5 million in grants today to nine Community Development Financial Institutions (CDFIs) so they can unlock capital or increase training to diverse small businesses across the U.S. Two CDFIs are receiving awards to continue their work supporting entrepreneurs in Puerto Rico, which is still recovering from the aftermath of Hurricane Maria.
HP LIFE is an important component of HP’s global $20 million investment in achieving better learning outcomes for more than 100 million people by 2025.
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