The Washington Informer, June 21, 2021, D.C. Small Businesses Can Advance on the Road to Recovery with $10 Million from Wells Fargo Open for Business Fund
WASHINGTON, D.C. — Wells Fargo has selected City First Enterprises, ECDC Enterprise Development Group, Latino Economic Development Center (LEDC), National Community Reinvestment Coalition (NCRC) and Washington Area Community Investment Fund (Wacif) to receive grants from its Open for Business Fund, bringing nearly $10 million to Washington, D.C., to help underserved small businesses stay open and preserve jobs.
The funding will enable these organizations to provide short- and long-term COVID-19 recovery efforts, technical assistance, and micro-lending programs for diverse small business owners.
The Open for Business Fund is a roughly $420 million small business recovery effort across the U.S. to help entrepreneurs recover and rebuild.
