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"Wells Fargo is striving to support as many small businesses as we can as they continue their journey towards recovery and a brighter future” said Derek Ellington, head of small business banking at Wells Fargo. They painted 12 storefronts, power-washed sidewalks, installed new exterior lighting, removed trash, improved the landscaping, and added new signage and awnings. Launched by Wells Fargo, Hope, USA, a nationwide initiative to uplift small business districts in 16 cities across the country sent 50 tradespeople-all of whom were minority contractors-to the area to repair the damaged shops.
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She also received additional grants from both to support her business totaling $20,000.Īs for the 52nd Street corridor, support arrived there, too. “It’s taken a lot of the former to get to the latter these last couple years."īryant-Brown got some support during the lean days through Wells Fargo and The Enterprise Center who donated a large collection of books as well as a grant for $15,000 to the center. The enrollment at the center went from 131 children to just 3. When COVID-19 hit, nearly every student at Hope Rising’s 52nd Street location left as parents were out of work and schools closed. Hope Rising provides early learning and education programs for ages 3 months to 12 years old. “It was a lifeline to help us weather the storm,” TafarI said.Įllen Bryant-Brown and volunteers via Wells Fargo via Wells FargoĪnother female business owner who faced challenges during the pandemic is Ellen Bryant-Brown, the owner of the Hope Rising Child Learning Center in Philadelphia. TafarI was able to get a $250,000 working capital loan through Wells Fargo's Open for Business Fund from grantee Access to Capital from Entrepreneurs, and it helped her keep the coffeehouse open. “I started making some products on my own as the supply chain was creating challenges-chocolate sauce, lavender sauce, our own chai,” she said. One way she kept her business afloat was by becoming even more self-sufficient. By trying to find some loans, some grants, or anything. “At the height of the COVID pandemic, I did everything I could, trying to figure out ways that we could sustain ourselves. As the pandemic wore on, Tarfarl felt she ran out of options to keep her business alive, but never stopped coming back to work. When the pandemic hit, the number of people in downtown Atlanta dwindled and the lack of foot traffic significantly hurt the coffeehouse’s finances. Rahel TafarI is the meticulous and hard-working owner of the coffee house who was inspired to open her business by her mother from Ethiopia.