From the daily archives: Monday, June 21, 2010

By Mario Conde

The Calexico Neighborhood House received a $100,000 grant from Wells Fargo to help small business succeed.

Wells Fargo awarded Neighborhood House of Calexico with $100,000 technical assistance grant. The organization received $50,000 last week and will get another one next year. The grant will provide services to assist small businesses in the Imperial Valley in low-to-moderate income communities. During April’s 7.2 magnitude earthquake that struck the California/Mexico border, 80% of Calexico businesses were negatively impacted and are still recovering.

“On behalf of the Neighborhood House of Calexico, I would like to thank Wells Fargo for this very generous grant,” said Ricardo Ortega, Executive Director of Neighborhood House. “This donation will help our Calexico business community tremendously, as many are still recovering from that affects of the earthquake. We will be able to help small business owners obtain financial help from banks and other governmental financial institutions.”

Neighborhood House provides business supportive services to the Imperial County residents who are currently business owners or who desire to establish a new business venture.

“Our investment in this unique loan program is another example of Wells Fargo’s commitment to our community,” said Antonio Barbosa, Well Fargo’s Southern California Community Development Manager. “This is an innovative program that provides a flexible source of finance for business that may not be able to qualify for a standard bank loan.” He said.

Wells Fargo gave an additional $10,000 surprise donation to Neighborhood House for this program.

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