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U.S. Bank Taps Minnesota Nonprofits to Distribute 'Microbusiness' Grants


Nonprofits + Philanthropy | U.S. Bank Taps Minnesota Nonprofits to Distribute ‘Microbusiness’ Grants
Women of color make up the fastest-growing segment of entrepreneurs, but they’re also among the “least funded,” U.S. Bank’s Reba Dominski says.
Photo courtesy of U.S. Bank
U.S. Bank Taps Minnesota Nonprofits to Distribute ‘Microbusiness’ Grants
The Minneapolis-based bank is providing a share of a $25 million funding package to three Minnesota nonprofits, which will in turn distribute the money to small businesses owned by women of color.
Three Minnesota nonprofits are among the beneficiaries of a new wave of small business funding from Minneapolis-based U.S. Bank. ....

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U.S. Bank launches $25M microbusiness fund focused on women of color


U.S. Bank launches $25M microbusiness fund focused on women of color
Thursday, February 18, 2021 10:25 AM
U.S. Bank announced it has created a $25 million microbusiness fund focused on grants and investments in businesses owned by women of color. The new program is part of its U.S. Bank Access Commitment, which will focus on three primary areas: supporting businesses owned by people of color; helping individuals and communities of color advance economically; and enhancing career opportunities for employees and prospective employees. The bank also announced a new mortgage program focused on homeownership education and hiring, and a focus on building sustained wealth as part of its wealth management business. U.S. Bank said it also plans internal changes, among them supply chain financing focused on diverse businesses, customized employee leadership development, and changes in how open positions are filled within the organization. “We believe access to capita ....

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