December 2018. Eureka, California.
The U.S. Bank Foundation doubled its funding to the North Coast Small Business Center this year.
For a third consecutive year, the U.S. Bank Foundation awarded a grant to the SBDC through its Workforce Education & Economic Prosperity program. The funds help pay for experts who spend more than 2,000 hours a year coaching and teaching more than 400 local business owners and start-ups. In 2017, nearly 22% of one-to-one coaching time focused on sound financial management (accounting, budgeting, cash flow management, tax planning). An additional 15% focused on helping clients to access business loans and investments.
“This unrestricted funding is critical to SBDC’s efforts to help small businesses grow,” explains SBDC Director Leila Roberts. “It shows that the community is ready to match tax dollars. And it’s a great complement to our local partnership. U.S. Bank employees refer business customers to us so we can help them grow, access financing and overcome the million and one challenges any business owner faces every day.”
“At U.S. Bank, we are focused on closing the gaps between people and possibility,” adds Mandy Marquez, Vice President, U.S. Bank & Community Relationship Team Manager. “We do that through our giving program called Community Possible focused on the areas of Work, Home and Play. We know that a strong small business environment and an educated workforce ensures the prosperity of our communities. We want Humboldt’s small business owners to have the best possible leg up to make their dreams possible.”
ABOUT U.S. BANK
U.S. Bancorp, with 74,000 employees and $461 billion in assets as of June 30, 2018, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank at www.usbank.com or follow on social media to stay up to date with company news.
About Community Possible
Community Possible is the corporate giving and engagement platform at U.S. Bank, focused on the areas of Work, Home and Play. The company invests in programs that provide stable employment, a safe place to call home and a community connected through arts, culture, recreation and play. Philanthropic support through the U.S. Bank Foundation and corporate giving program reached $58.4 million in 2017. Visit www.usbank.com/communitypossible.