Business
Wells Fargo Launches $20 Million Open for Business Growth Program
SAN FRANCISCO, May 14, 2025--Wells Fargo & Company (WFC) today announced Open for Business Growth, a new $20 million philanthropic program where nonprofits enable small business owners ready to scale operations or grow revenue. Launching first in Chicago, the program will expand to other markets across the U.S. in the coming year.
About this update from Wells Fargo & Company
[{"type":"image","alt":"(Photo: Wells Fargo)","displaySize":"","headline":null,"caption":"(Photo: Wells Fargo)","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":270,"url":"https://media.zenfs.com/en/business-wire.com/34afd5e10553ce7f353662bc1827fb26"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ycaE4K0K3HKy0a0FjErt0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/34afd5e10553ce7f353662bc1827fb26","width":480,"height":270}},"lazy":false},{"type":"text","content":"Grants to local organizations aim to expand access to capital for entrepreneurs "in the middle" of small business ownership","length":133,"tagName":"p"},{"type":"text","content":"SAN FRANCISCO, May 14, 2025--(BUSINESS WIRE)--Wells Fargo & Company (WFC) today announced Open for Business Growth, a new $20 million philanthropic program where nonprofits enable small business owners ready to scale operations or grow revenue. Launching first in Chicago, the program will expand to other markets across the U.S. in the coming year.","length":353,"tagName":"p"},{"type":"text","content":""We’re focused on reaching the ‘missing middle’ of the small business community with this program," said Darlene Goins, head of Philanthropy and Community Impact at Wells Fargo. "Small businesses on the brink of expansion are poised to make an even greater impact in creating jobs, increasing services, and strengthening the economy. But, these small business owners in the middle often need creative financing options to take that next leap. Our grant funding allows nonprofits to develop products and services that embrace growth-stage small businesses."","length":576,"tagName":"p"},{"type":"text","content":"The Open for Business Growth program builds on the success of Wells Fargo’s $420 million Open for Business Fund, which collborated with community organizations during the pandemic to benefit roughly 336,000 small businesses and enable them to keep or maintain 461,000 jobs nationwide.*","length":285,"tagName":"p"},{"type":"text","content":"Expanding small business opportunity in Chicago","length":47,"tagName":"p"},{"type":"text","content":"Allies for Community Business, a nonprofit that provides capital, coaching, and connections for entrepreneurs, is the first Open for Business Growth re...