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The grant provides wrap-around support services to local women entrepreneurs through tools, training, mentoring, and an outcomes-based curriculum.
Nashville, Tenn., July 14, 2022 /PRNewswire/ – The Trust Foundation announced today 1.25 million dollars The Nashville Business Incubation Center (NBIC) is dedicated to fostering the growth and development of local women-, racially and ethnically diverse- and veteran-owned small businesses. Specifically, the grant will directly support the women-owned NBIC RISE UP Academy with equipment, training, mentoring and curriculum support. This grant supports the expansion of NBIC Huntsville And Birmingham, Alabama; Louisville, Kentucky; and other rural communities in Tennessee.
National Museum of African American Music, Trust Chairman and CEO Bill RogersPresident of the Truist Foundation Lynette Belland Trust Tennessee Regional President Johnny B. Moore Jr Joined. Angela Crane-JonesCEO of NBIC and Nashville Mayor John Cooper To promote a panel discussion on how the grant provides critical support for small business development Nashville. The panel also looked at the overall economic recovery of the area in light of the impact of the outbreak. March 2020 Tornadoes severely damaged the city and parts of Middle Tennessee.
“The Trust Foundation is committed to driving systemic change to support small business owners from underserved communities,” Bell said. NBCC’s work provides essential training and ongoing support, especially for women entrepreneurs, creating opportunities for underserved communities. Nashville.”
of 1.25 million dollars The grant is part of a recent announcement by the Trust. 120 million dollars To strengthen and support small businesses nationwide with a focus on women and diverse business owners.
“according to 2019 report, women are the fastest growing business startups. However, black women were earning average incomes. 24,000 dollarsIn comparison 142,900 dollars among all women-owned businesses,” said Cran-Jones. “Truist Foundation’s investment allows us to support equitable growth among women-owned businesses by using programs to generate additional income and open doors to generate additional income to narrow the wealth gap. ”
The Trust has a long-standing commitment to support. Nashvilleincluding providing 1.1 million dollars Charitable giving, loans and grants from Trust Foundations and Trust Charitable Funds in 2021. NashvilleTennessee Affordable Housing Coalition, Habitat for Humanity Greater NashvilleYMCA of Nashville And Middle Tennessee, Project Return and the Boys & Girls Club of Nashville, among others, support affordable housing solutions, inclusive economic activity and workforce readiness in the region.
“Small businesses are the cornerstone. Nashville “Our partnership with NBIC strengthens opportunities for women and minority entrepreneurs to start and grow their businesses, and is a way to inspire Truist’s mission to create better lives and communities.”
About the Trust Foundation
The Trust Foundation is committed to the purpose of Truist Financial Corporation (NYSE: TFC) to build better lives and communities. A.D. Founded in 2020, the foundation makes strategic investments in nonprofit organizations to ensure that the communities it serves have more opportunities for a better quality of life. The Trust Foundation’s grants and activities focus on building career pathways to economic activity and strengthening small businesses. Learn more at Truist.com/Purpose/Truist-Foundation.
About the Nashville Business Incubation Center
A.D. Founded in 1986, the Nashville Business Incubation Center (NBIC) is a not-for-profit incubator with a successful track record of launching notable companies such as Zicron, Grilled Cheesery and Christie’s Cookie. The center provides business development resources for entrepreneurs to grow their enterprises, create jobs and generate wealth in their communities. NBCC plays a vital role in strengthening the entrepreneurial ecosystem in Middle Tennessee and growing small businesses from small acorns to large oaks. Learn more at https://nbiconline.com/
Source Truist Financial Corporation
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