Wells Fargo Expands Resources for Women-Owned Small Businesses
Summary
Initiatives include focus on closing venture capital and gender equity gaps among entrepreneurs SAN FRANCISCO, March 10, 2022--(BUSINESS WIRE)--Wells Fargo today announced resources designed to help increase the growth of women-owned small businesses, including a $1.5 million grant to How Women Lead aimed at disrupting the unequal venture capital (VC) system for women founders. "This study shows us that women entrepreneurs have extensive knowledge about fair pay, but the actual practice is not within their desired reach due to challenges in funding and resources," said Nicola Corzine, executive director of the Nasdaq Entrepreneurial Center. "Acknowledging the gender gaps that exist today is one of the first steps toward eradicating inequalities," said Jenny Flores, head of Wells Fargo Small Business Growth Philanthropy. "By bringing more awareness, additional resources, and key connections and conversations to the table, we can create more avenues to capital, more equality, and help more women reach their full potential." In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.