In an effort to demonstrate its commitment to responsible banking and support for local communities, the Union Bank Foundation has announced grant funding for nearly 30 small business technical assistance and homeownership counseling nonprofit organizations in California and the Pacific Northwest. The grants, ranging from $25,000 to $100,000, will be provided annually to each organization for the next three years, contingent on performance.
Through the small business assistance funding, the Union Bank Foundation will help technical assistance providers increase their scope and quality of services and will focus on helping existing businesses increase their revenue, create and retain jobs, gain access to credit and develop economic growth in low-to-moderate-income (LMI) communities. The homeownership counseling grants will support nonprofit organizations conducting financial education, counseling and first time homebuyer education. The focus will be on helping individuals and families increase their knowledge of buying a home, begin or continue the home buying process, understand the foreclosure process and/or facilitate loan modification.
"Union Bank is committed to helping businesses increase their revenue and the number of employees they hire," says Union Bank Executive Vice President and Head of Corporate Social Responsibility Julius Robinson. "We are equally committed to helping individuals and families build assets and make informed decisions about homeownership."
Small Business Technical Assistance Grant Recipients:
1. ACCION San Diego
2. Business Resource Group (Los Angeles)
3. California FarmLink (Central Coast)
4. Inland Empire Small Business Development Center
5. Inner City Advisors (Bay Area)
6. International Rescue Committee (San Diego)
7. Orange County Small Business Development Center
8. PACE Business Development Center (Los Angeles)
9. Pacific Community Ventures (Bay Area)
10. SCORE (San Diego/Imperial/Inland Empire)
11. Seattle Chinatown International District Preservation Development Authority
12. Valley Small Business Development Corporation (Central Valley)
13. Vermont Slauson Economic Development Corporation (Los Angeles)
14. Women's Economic Ventures (WEV) (Central Coast)
Homeownership Counseling Grant Recipients:
1. ASIAN Inc. (Bay Area)
2. Cabrillo Economic Development Corporation (Central Coast)
3. Community HousingWorks (San Diego)
4. El Centro de la Raza (Seattle)
5. Family Self Sufficiency (Fresno)
6. HomeSight (Seattle)
7. Legal Aid Society of Orange County
8. Los Angeles Neighborhood Housing Services
9. Neighborhood Partnership Housing Services (San Diego/Inland Empire)
10. Sacramento Neighborhood Housing Services
11. San Francisco Housing Development Corporation
12. Urban League of San Diego County
13. West Angeles Community Development Corporation (Los Angeles)
"Empowering small business owners and homeowners with the appropriate tools and knowledge is a critical element of building and sustaining strong communities," says Union Bank Senior Vice President Carl Ballton, president and COO of the Union Bank Foundation. "Our partnerships with these nonprofits align with the Union Bank Foundation's ongoing support of organizations that focus on affordable housing, community economic development, education, and the environment."
The Union Bank Foundation, a nonprofit public benefit corporation, serves as an agent for charitable contributions made by Union Bank. Established in 1953, the foundation has, throughout its history, supported the bank's commitment to help meet the needs of the communities it serves.