small business

Why Women Start New Businesses: Reasons, Challenges, and Opportunities

Investing in women entrepreneurs is vital part of our global economy
Blog

More women are turning to entrepreneurship, and according to Herbalife Nutrition’s second annual Global Entrepreneurship survey, 72 percent of women want to open their own business. Women entrepreneurs create a source of income for themselves and their families. They are a vital part of our world's economic engine that society needs to support with flexible opportunities, mentorship, and access to capital.

Goldman Sachs 10,000 Small Businesses and MetLife Foundation Partner With Leading Pro Bono Expert Taproot Foundation to Support Small Businesses

Taproot launches Taproot Plus for Small Business offering free virtual consulting support in the wake of COVID-19
Press Release

SAN FRANCISCO, August 25, 2020 /3BL Media/ - In response to the dire economic challenges presented by COVID-19, Taproot Foundation, a national nonprofit that connects organizations with volunteers sharing their professional expertise pro bono, today announced it will open its online volunteer matchmaking program to small businesses in need of professional consulting support. Taproot Plus for Small Business is made possible in part by support from MetLife Foundation and Goldman Sachs 10,000 Small Businesses.

Truist Named LISC Donor of the Month, August 2020.

Blog

This content was originally posted by, and on, LISC.org, August 2020.

The COVID-19 pandemic has not only illuminated the magnitude of the racial health and wealth gaps across the country, but has also shone a spotlight on the additional hurdles that rural communities face in comparison to their urban counterparts due to limited access to capital, support services, and connectivity.

Duke Energy Program Helping N.C. Customers and Schools Expand Renewable Energy

Summary: 
  • Renewable Advantage will help customers supplement their electricity mix with renewable energy
  • Program will also help fund NC GreenPower’s Solar+ Schools program
Press Release
  • Renewable Advantage will help customers supplement their electricity mix with renewable energy
  • Program will also help fund NC GreenPower’s Solar+ Schools program

Wells Fargo Pledges up to $20 Million to Support New York Economic Recovery Efforts

The New York Forward Loan Fund delivers loans to small businesses, nonprofits, and small landlords affected by the COVID-19 pandemic
Press Release

NEW YORK, July 24, 2020 /3BL Media/ - Wells Fargo & Company (NYSE: WFC) announced today that it pledged up to $20 million to support the New York Forward Loan Fund (NYFLF), an economic revitalization program across New York State.

Bacardi Gives Reopened Bars in Europe a Post-Lockdown Boost

Summary: 
  • While respecting each country’s local government health and safety guidelines, Bacardi will buy its 2,500 employees and their friends and family a cocktail this summer, as it takes them ‘Back to the Bar’ across Europe to show support for the bar community and help drive footfall  
  • In the same month, Bacardi launches new online portal for Western European bar owners – ‘Bring the Bar Home’ - to help bars tap into €200m cocktails-to- go market opportunity this year[i]
  • The latest from the family-owned company’s #RaiseYourSpirits initiative to support on-trade through the COVID crisis, in addition to initial €3.6M ($4M)

[i] Bacardi estimate based on Statista data

Press Release
  • While respecting each country’s local government health and safety guidelines, Bacardi will buy its 2,500 employees and their friends and family a cocktail this summer, as it takes them ‘Back to the Bar’ across Europe to show support for the bar community and help drive footfall  
  • In the same month, Bacardi launches new online portal for Western European bar owners – ‘Bring the Bar Home’ - to help bars tap into €200m cocktails-to- go market opportunity this year[i]
  • The latest from the family-owned company’s #RaiseYourSpirits initiative to support on-trade through the COVID crisis, in addition to initial €3.6M ($4M)

[i] Bacardi estimate based on Statista data

Wells Fargo Awards $13.5M Grant to the Expanding Black Business Credit Initiative

The grant will support the launch of the Black Vision Fund to capitalize seven CDFIs and will provide $3M in immediate economic relief funding
Press Release

WASHINGTON, July 13, 2020 /3BL Media/ – Wells Fargo awarded a $13.5M grant to the Expanding Black Business Credit (EBBC) initiative, a consortium that addresses the critical lending and wealth gaps faced by Black entrepreneurs and families in the U.S. The transformative donation will provide $10M in seed funding for a $78M Black Vision Fund.

Duke Energy Pledges $150,000 to Support Women-, Veteran- and Minority-owned Small Businesses Impacted by Pandemic in Greater Cincinnati Area

Press Release

CINCINNATI, July 1, 2020 /3BL Media/ – Duke Energy, through its foundation, is partnering with the Cincinnati USA Regional Chamber and the Northern Kentucky Chamber to provide financial assistance to local women-, veteran- and minority-owned small businesses impacted by the coronavirus.

Each chamber will receive $75,000 from Duke Energy to be distributed to qualified small businesses.

Moody's Analytics Offers Free Online Portal for Processing PPP Loan Forgiveness Requests

Press Release

June 25, 2020 /3BL Media/ - Moody’s Analytics has added new capabilities to its small business loan application and lending portal to help banks process loan forgiveness applications under the CARES Act Paycheck Protection Program (PPP).

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