Wtop, June 30, 2021, DC small businesses emerge from COVID with help from nonprofits & Wells Fargo
Wells Fargo launched the Open for Business Fund in July 2020. It is a roughly $420 million small business recovery effort that works with small business-focused nonprofits, Community Development Financial Institutions and other community groups to support racially and ethnically diverse small business owners and other entrepreneurs impacted by the pandemic.
Just recently, Wells Fargo announced that it selected City First Enterprises, ECDC Enterprise Development Group, Latino Economic Development Center, National Community Reinvestment Coalition, Washington Area Community Investment Fund to join Local Initiatives Support Corporation D.C. to receive grants from the fund.
