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More communities will have a pathway towards financial freedom. According to a press release, Wells Fargo and Operation HOPE, Inc. have partnered to support underserved households. Soon community members will have access to the HOPE Inside program which will provide access to financial coaches, financial education workshops, and free personal coaching. The resources will empower communities along their financial journey. “We know from our outreach and work with national and community stakeholders that financial education and guidance, and an individual’s sense of inclusion and trust, are all important factors in bringing more people who are unbanked into the formal banking system,” said Darlene Goins, head of Wells Fargo’s Banking Inclusion Initiative, according to a press release. “Working with Operation HOPE is one important way that we can remove barriers to financial inclusion and help empower people with education, resources and tools to manage their money, improve their credit...
Clark Atlanta University (CAU) is breaking barriers for Historically Black Colleges and Universities (HBCUs) as well as Black entrepreneurs with a powerful call to action. According to an announcement, the southern institution has announced a new partnership with Operation HOPE for a national initiative committed to creating one million Black businesses by 2030. The new pledge makes CAU the first HBCU to participate in the $130 million Shopify-funded initiative. The One Million Black Business Initiative (1MBB) also includes generating 1,000 Black entrepreneurs and business owners over the course of its nearly decade-long commitment. Through the 1MBB, CAU will have an opportunity to engage HBCU students, alumni, faculty and staff to grant them access to resources and capital to help successfully jumpstart and sustain their entrepreneurial ventures. “CAU students—and alumni— are ambitious, creative and filled with innovative ideas. It is the CAU way,” said president George T. French...
iHeartMedia Atlanta is committed to helping aspiring Black entrepreneurs thrive! According to PRNewswire, the company will assist 10,000 aspiring Black entrepreneurs in the Atlanta metro area with the resources needed to launch their businesses. The exciting news follows iHeartMedia Atlanta’s recent pledge to a multi-year commitment designed to help Operation HOPE create one million new Black businesses by 2030 through its national 1 million Black Business Initiative (1MBB). “We are excited to partner with Operation HOPE to grow Black business ownership here in Atlanta,” said Drew Lauter, President of iHeartMedia Atlanta, in an official statement. “Our city is the epicenter for entrepreneurial energy and we are proud to use iHeart’s considerable resources to help owners of Black businesses achieve their dreams.” There are over 2.6 million Black-owned businesses in the U.S. and Atlanta is in the top five cities for Black entrepreneurs, reports the U.S. Census Bureau. As a part of the...
Nonprofit organization Operation HOPE and global e-commerce company Shopify have partnered together to launch a new initiative championing a mass overload of Black-owned businesses over the next 10 years. The HOPE One Million New Black Business & New Black Entrepreneurship Initiative — or 1MBB — has a goal in mind to generate one million new Black-owned businesses in the U.S. by the year 2030 through approximately $130 million worth of resources, a press release reports . View this post on Instagram A post shared by Operation HOPE (@operationhopehq) Historically, the Black communities in America have battled racial barriers that have prevented their full participation in entrepreneurship and larger business ventures. Furthermore, Operation HOPE research revealed that 58 percent of Black-owned businesses were deemed at risk or distressed and suffering from low profits, credit scores, or income shocks in the months immediately following the coronavirus outbreak and closures. In an...