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Wells Fargo Announced $4 Million in Relief Aid

Wells Fargo Announced $4 Million in Relief Aid

Tuesday, May 18, 2021

John Harmon knew the Equitable Small Business Initiative the African American Chamber of Commerce of New Jersey helped launch in February could have life-changing impact on the microbusinesses in the underserved communities the chamber aims to assist.

Harmon also knew the initiative would need assistance from the business community to fully serve its purpose.

On Tuesday afternoon in Trenton, the initiative got its biggest contribution yet, as Wells Fargo donated $2.5 million from the bank’s Open for Business Fund to the AACCNJ.

The donation was part of $4 million in funding from Wells Fargo, as it also gave the Regional Business Assistance Corp. $1 million and the Cooperative Business Assistance Corp. $500,000.

“Of all the things that have happened in the past year, of all the companies that have stepped up to give us support, this has to be at the top,” Harmon told ROI-NJ. “This is real money that will enable us to have real impact.”