Press release from Wells Fargo & Company:
Wells Fargo today announced $3 million in grants to Community Development Financial Institutions (CDFIs) to help underserved small businesses in rural and Southern Appalachian communities manage the economic effects of COVID-19.Wells Fargo has selected Carolina Small Business Development Fund (CSBDF) and Natural Capital Investment Fund (NCIFund), which both support entrepreneurs across North Carolina, as well as Appalachian Community Capital Development (ACC), to join the Open for Business Fund, a nationwide small business recovery effort.The funding will help increase access to capital with low rate loans for minority-owned businesses in rural communities across North Carolina, Alabama, Georgia, Mississippi and West Virginia.
Before you comment
The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.