WHAT: The PNC Foundation to announce support for a new pilot program poised to create social equity for Black entrepreneurs and business owners through micro equity. The “concept-to-launch” approach will provide business development and equity capital expansion in highly disinvested communities in Milwaukee.
WHEN: October 13, 2021
10:00 a.m. – 10:45 a.m. CT
WHERE: Victory Manor at Westlawn Gardens
5556 N. 68th Street, Milwaukee, WI 53218
Parking is available across the street in the Rocketship Transformation Prep school lot.
WHO: Nikki Purvis, City of Milwaukee Chief Equity Officer
Cavalier Johnson, Milwaukee Common Council President and District 2 Alderman
Chris Hermann, PNC Regional President, Wisconsin
Marquita Hicks, PNC Community Development Banking Manager
Wendy Baumann, Wisconsin Women’s Business Initiative Corporation (WWBIC)
Willie L. Hines, Jr., HACM, Acting Secretary-Executive Director
Local business owners
Visuals: podium announcement, new logo unveil, photo & interview op with participants
** LIVE STREAM announcement on via WWBIC Facebook page
ABOUT: The PNC Foundation, which receives its principal funding from The PNC Financial Services Group (www.pnc.com), actively supports organizations that provide services for the benefit of communities in which it has a significant presence. The foundation focuses its philanthropic mission on early childhood education and community and economic development, which includes the arts and culture. Through Grow Up Great, its signature cause that began in 2004, PNC has created a bilingual $500 million, multi-year initiative to help prepare children from birth to age 5 for success in school and life. Learn more at www.pnc.com.
The Wisconsin Women’s Business Initiative Corp. (WWBIC) is a leading, statewide innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color, lower-income individuals and Veterans and Military connected families, providing direct lending and access to fair and responsible capital, quality business training, one-on-one technical business assistance and education to increase financial capability. Since 1987, WWBIC has lent over $85 million in micro and small business loans with a current loan portfolio of $23.5 million and over 600 active borrowers. To learn more about WWBIC visit: www.wwbic.com
Founded in 1944, the Housing Authority of the City of Milwaukee (HACM) provides high-quality affordable housing options to over 10,000 households in Milwaukee. HACM’s award-winning programs foster strong and inclusive communities that support self-sufficiency, good quality of life and the opportunity to thrive. Learn more at www.hacm.org.
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