Wells Fargo Gives $100,000 for Small Business Workshops

FOR IMMEDIATE RELEASE
Date: 11-05-2013

Joe Wills
Public Affairs
530-898-4143 

The Northeastern California Small Business Development Center (SBDC), a part of the Center for Economic Development at California State University, Chico, has been awarded a $100,000 grant from Wells Fargo Bank to support small-business workshops in Northeastern California.

A news conference detailing the gift will be held in the Bell Memorial Union room 210 at 10 a.m. on Wednesday, Nov. 6. Refreshments will be provided. Donald Terry, vice president and community development officer, Government and Community Relations for Wells Fargo & Co., and Dan Ripke, director, Northeastern California SBDC and Center for Economic Development, will provide remarks.

The goal of the Advanced Small Business Financial Management workshops is to help small-business owners understand their financial situation and prepare themselves for growth and expansion.

The workshops will help participants become more sophisticated borrowers, prepare loan-ready small-business owners and increase the number of small-business owners who have access to capital, thus improving the area’s economic climate through job creation.

In addition to the workshops, small-business owners will also have access to one-on-one business consulting services and comparative financial analysis of their small business offered by a local Northeastern California SBDC office. 

Ripke said Wells Fargo is a vital partner with the Northeastern California SBDC network, working closely with small-business owners interested in expanding into new markets, creating innovative products and growing their operations. The Northeastern California SBDC centers and staff look forward to working with Wells Fargo to help support regional entrepreneurs and small-business owners, he said.

The workshops will be held in regional Northeastern California SBDC offices in Sacramento, Yuba City, Chico and Redding, as well as additional outreach locations to be determined.

“Wells Fargo is committed to helping our customers and communities succeed financially,” said Natasha Mata, Wells Fargo area president for the Four Rivers Market. “We are thrilled to be partnering with the Northeastern SBDC to help more small-business owners get the skills they need to start and grow their businesses.”

Summary of the Northeastern California SBDC program

The Northeastern California SBDC is a leader in providing small-business owners and entrepreneurs with the tools and guidance needed to become successful in today’s challenging economic climate. Direct and personalized consulting is provided to entrepreneurs, supplemented by affordable seminars and conferences. These services are delivered throughout California via a network of 35 SBDCs and in Northeastern California through five service centers hosted at

  • Shasta College in Redding
  • Butte College in Chico
  • Yuba College in Yuba City
  • Los Rios College in Sacramento
  • San Joaquin/Delta College in Stockton

The Northeastern California SBDCs provide comprehensive business guidance on best practices for small businesses, business plan development, startup basics, financing, procurement and contracting opportunities, regulatory compliance, money management, international trade and manufacturing assistance. The Northeastern California SBDC network offers help in multiple languages and can provide services to meet the needs of specific target populations such as veterans, women, rural communities and/or under-represented ethnic groups.

###