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Waters Joins Vice President Kamala Harris on the Initial Release of Funds for Minority Banks and Community Based Lenders - Los Angeles Sentinel

Waters Joins Vice President Kamala Harris on the Initial Release of Funds for Minority Banks and Community Based Lenders - Los Angeles Sentinel
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Helping California small business owners make a way during t

The past 12 months have proven the resiliency and resolve of 30 million small businesses across the U.S. as they make a way to stay open day after day. Wells Fargo recognizes the importance of America’s small businesses for local communities and the broader national economy and the company continues to provide them with access to the capital and resources they need to weather the economic fallout of the COVID-19 pandemic.
Wells Fargo created the Open for Business Fund in July 2020, donating roughly $420 million to help small businesses recover and rebuild. The Open for Business Fund supports community development financial institutions, or CDFIs, and other nonprofits that provide needed capital, technical support, and long-term resiliency programs for small businesses, including racially and ethnically diverse owners who have been disproportionately impacted by the pandemic. ....

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