Wells Fargo 2006 Annual Report Download - page 27

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25
Small businesses are the engine for economic growth in communities
across America, and one way we help them succeed is by investing
in organizations such as the Wisconsin Women’s Business Initiative
Corporation (WWBIC) in Milwaukee.This nonprofit—in which Wells Fargo
invested $150,000 in 2006—offers business education and capital to
women, people of color and lower-income entrepreneurs such as Gerald
Hoover and his daughter Stephanie (left).Their family-run business,
August Steel Masters, doubled its sales after a $60,000 loan from WWBIC
helped it improve production and inventory. As the United States’
No.1 lender to small businesses,Wells Fargo has loaned $33 billion
to women and minority-owned businesses the past 12 years.
“We share a goal with Wells Fargo—
we want to help people fully realize their
vision of running a successful business.
Together, we help knowledgeable
entrepreneurs start and grow their small
businesses, the backbone of the economy
in rural Wisconsin.”
Jeff Gauvin
Community Development
Milwaukee,Wisconsin
Wendy Baumann, President,
Wisconsin Women’s Business Initiative Corporation