/PRNewswire/ The Carolinas AGC Foundation Scholarship program was put into place to assist individuals studying for careers in the construction industry as.
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Wells Fargo bank front. Image: Youtube/CNBC
The multinational bank Wells Fargo has announced a $2.6 million small business recovery grant to assist minority owned businesses in Southern California affected by the coronavirus pandemic.
The Los Angeles
Daily News reports the fund is part of Wells Fargo’s Open For Business Fund Program. The program is part of a $400 million small business recovery effort to help entrepreneurs recover from the economic effects of the coronavirus.
The Pacific Coast Regional Small Business Development Corp. has received $2.1 million from the program and will use it to establish a People of Color Business Elevation Fund to help businesses by providing low-rate micro disaster loans of up to $50,000 to eligible small businesses.