Wells Fargo announces $250,000 grant to revitalize the 52nd Street business corridor
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Media Outlet
Author
Jensen Toussaint
The funding will aid The Enterprise Center, and is a continuation of Wells Fargo’s pledge to support small businesses in a variety of ways.
The 52nd Street business corridor in West Philadelphia will be receiving an extra boost!
On Monday, June 13, Wells Fargo announced that it will provide $250,000 in funding to The Enterprise Center to support revitalization efforts along the 52nd Street business corridor ahead of the Juneteenth Festival on Sunday, June 19.
This effort is a continuation of Wells Fargo’s HOPE, USA initiative — dubbed HOPE 2.0 — which is a pledge of more than $1 million to support small businesses that was originally announced in late 2021.
Success Stories
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I hope that when it all opens up that everybody goes out and supports our small businesses.
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When we first started with The Enterprise Center Capital Corporation, we had maybe 6 or 7 accounts, and we've doubled that now. The Enterprise Center Capital Corporation has been very helpful funding my larger jobs and assisting me with maintaining payroll and buying equipment.
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The $14,000 working capital funding will be used to formalize registration as a home care provider and hire initial staff.
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When they’re given easy opportunities to serve, our citizens really step up.
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When I discovered the MBE Equity Multiplier, I knew it was the missing component that would help make my vision clear. This process has equipped me and given me the confidence to push my vision forward to make it a reality.
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Remaining competitive in the current marketplace often requires access to capital at key moments in our business.
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As my business moves to the next level, leadership training, and management support that the Enterprise Center provides are keys to achieving greater sales and more contracts.
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I highly recommend the Enterprise Center and MBDA to diverse founders who are seeking capital to scale their businesses.
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The Enterprise Center’s Dorrance H. Hamilton Center for Culinary Enterprises (CCE),is a great community to be a part of.
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The CCE has been a helpful place to get questions answered when dealing with the city, how to create recipes, so we can be more consistent, create a budget, and best of all having other ‘foodprenueurs’ to meet and gain ideas and support in their endeavors.
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Working with the MBE Equity Multiplier team has been life changing. I cannot recommend this service more - I'm still mind blown by how much better our pitch has become.
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