No Barriers Youth, Wells Fargo Select 20 Teachers for Global Impact Challenge

"The Summit will serve as a platform for idea generation and exploration to help teachers and students together become agents for change," said Kathy Martinez, head of disability and accessibility strategy at Wells Fargo.

REUTERS

No Barriers Youth and Wells Fargo (No. 9 on the DiversityInc Top 50 Companies list) announced the selection of 20 middle and high school educators to serve as ambassadors for the Global Impact Challenge, a diversity and inclusion competition designed to spark the best ideas from students for building a world free of barriers, stereotypes and discrimination.


"At No Barriers, we gather people from all walks of life and inspire them to discover their full potential," says Erik Weihenmayer, No Barriers co-founder, former middle school teacher and a world renowned adventurer who is blind. "At this year's No Barriers Summit, we will equip teachers with the necessary tools to help students dream big and break down barriers through the Global Impact Challenge."

The 20 selected teachers will:

  • Attend the 2017 No Barriers Summit in North Lake Tahoe, CA June 1-4, 2017 to experience the No Barriers Life and learn about the challenge.
  • Create a diverse team of a minimum of six youth from their schools to develop and fine tune their ideas over the course of six workshops. The teams will consist of students with disabilities and those without.
  • "Pitch" their solutions to a volunteer selection committee of business experts and start-up specialists during National Disability Employment Awareness Month in October.

During the International Day of Persons with Disabilities on December 3, finalists will be awarded prize money of up to $5,000 to launch their proposed projects in their communities and will get a chance to attend the 2018 No Barriers Summit in New York City.

"The Summit will serve as a platform for idea generation and exploration to help teachers and students together become agents for change," says Kathy Martinez, head of disability and accessibility strategy at Wells Fargo. "Wells Fargo is excited to work with educators who want to challenge their students and generate creative solutions that help break down barriers."

Teachers selected for the Global Impact Challenge include:

  • Charles Armstrong-Hicks, Boys and Girls Club of Boston, Boston, MA
  • Raymond Baker, Hinsdale South, Hinsdale, IL
  • Matthew Baker, The Ogden International School of Chicago, Chicago, IL
  • Christopher Bargas, ASSETS Academy, Alvin, TX
  • Carolina Castro-Skehan, Riverdale Kingsbridge Academy, Bronx, NY
  • Michael Eckerman, Century High School, Rochester, MN
  • Jami Fooshee, Deerpark Middle School, Austin, TX
  • Nadia Goodvin, Grady High School, Atlanta, GA
  • Briana Gustafson, Deforest Area High School, DeForest, WI
  • Mary Jane Hollander, Peachtree Middle School, Dunwoody, GA
  • Jen Karcich, William J. Johnston Middle School, Colchester, CT
  • Caroline Liebman, Lindblom Math and Science Academy, Chicago, IL
  • Jeremy Major, Sandtown Middle School, Atlanta, GA
  • Megan Mimms, Greensboro Day School, Greensboro, NC
  • Brian Surina, Phoenix Military Academy, Chicago, IL
  • Sean  Reimers, Amandla Charter School, Chicago, IL
  • Maria Rodriguez, Bishop Lynch High School , Dallas, TX
  • Daniel Rosenberg, Ridgewood High School , Norridge, IL
  • Keyla Thompson, The Oakwood School, Greenville, NC
  • Sylvia Troxell, Hill Country Middle School, Austin, TX

The Summit includes a star-studded celebrity and musical lineup to inspire educators. Marlee Matlin will speak about her achievements as an Oscar-winning actress who is deaf and sign language advocate. Platinum recording artists X Ambassadors, whose keyboardist Casey Harris is blind, will deliver an intimate on-stage interview and acoustic performance.

More information about the Summit is available at: http://www.nobarrierssummit.org.

Wells Fargo Observes International Day of Family Remittances, Offers Fee Waiver

Company to waive ExpressSend remittance transfer fees to all countries, payout locations June 15–18.

REUTERS

Originally Published by Wells Fargo.

Wells Fargo & Company announced it will commemorate the International Day of Family Remittances by waiving all transfer fees for ExpressSend ® remittances sent June 15–18.

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13 Organizations Awarded $12.1 Million From Wells Fargo to Support Diverse Small Businesses

Funding awarded to local Community Development Financial Institutions.

REUTERS

Originally Published by Wells Fargo.

Wells Fargo & Company announced that 13 Community Development Financial Institutions (CDFIs) around the U.S. have been selected to receive $12.1 million in lending capital and grants under the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program. The recipients are private, nonprofit financial institutions that are dedicated to delivering responsible, affordable financial products to underserved populations and communities. Many of the small and micro businesses CDFIs serve may not be ready to access capital through conventional financing methods.

The Diverse Community Capital recipients are:

  • BOC Capital Corp. - Brooklyn, N.Y.
  • California Capital Financial Development Corporation – Sacramento, Calif.
  • Cooperative Development Fund of CDS for Shared Capital Cooperative - St. Paul, Minn.
  • Cooperative Fund of New England – serving New England
  • Entrepreneur Fund – Duluth, Minn.
  • First American Capital Corporation – West Allis, Wis.
  • Hartford Community Loan Fund – Hartford, Conn.
  • Local Initiatives Support Corporation – serving Los Angeles
  • Mission Economic Development Agency (MEDA) – San Francisco
  • Mountain BizWorks – Asheville, N.C.
  • New Jersey Community Capital – New Brunswick, N.J.
  • PeopleFund – Austin, Texas
  • Rainier Valley Community Development Fund – Seattle, Wash.

Diverse Community Capital funds will be used by the awardees to increase lending to diverse small business owners; help more diverse small business owners get the coaching and education resources they may need to grow their business; and improve, create or add resources, materials, products, or programs to better serve their target market.

Under the program, awardees also have the opportunity to participate in a social capital component, delivered by Opportunity Finance Network, a national network of CDFIs. Social capital opportunities include an online learning community, working groups on specific topics, consulting, peer learning and mentoring.

"Now in its third year, the DCC program's impact on communities has been compelling," said Connie Smith, Wells Fargo's Diverse Community Capital program manager. "DCC awardees are increasing access to capital and development services for diverse small businesses in their local communities. These awards are inspiring collaboration and innovation in the CDFI industry every day."

In fiscal year 2017, Diverse Community Capital awardees closed more than $284 million in loans to diverse small business clients. That represents a year-over-year increase of 23 percent for the first 18 awardees and a 63 percent increase for the next 26 awardees. Awardees closed nearly $103 million to black or African American entrepreneurs and more than $75 million to Hispanic or Latino entrepreneurs. In addition, 76 of all development services offered by DCC awardees were delivered to diverse small businesses. Most awardees reported at least one new or changed program or product designed to increase capital deployment to their clients.

"When local businesses succeed, so do the communities where we live and work," said Mike Rizer, director of Community Relations at Wells Fargo. "By financing community businesses — including small businesses, microenterprises, and nonprofit organizations — CDFIs spark job growth and retention in communities across the U.S."

Today's announcement marks Diverse Community Capital's fifth installment, or round, of awardees since 2015. Wells Fargo has committed an additional $100 million over the next three years to CDFIs serving diverse small businesses.

To earn back your trust, Wells Fargo has renewed its commitment to you. See our re-established goals at http://www.wellsfargo.com/renew.
We are re-committing to you and re-inventing how we serve you, delivering banking features like Card-Free ATM Access, and Debit Card On or Off for when you misplace your debit card. We have changed our sales policies and culture to fix what went wrong and make things right, knowing an apology is just the beginning.