Operation HOPE and SBA enter into strategic partnership to empower small businesses across America
ATLANTA , April 26, 2024 /PRNewswire/ — Operation HOPE, a national nonprofit organization dedicated to fostering entrepreneurship and financial literacy, has signed a groundbreaking We proudly announce the extension of our Strategic Alliance Memorandum (SAM) and highlight: A common commitment to empowering small and medium-sized businesses across the country. Together, these organizations set the goal of creating, scaling, and growing minority-owned businesses.
Operation HOPE’s partnership with the SBA underscores our shared commitment to addressing the critical needs of small businesses.
Today’s historic agreement, officially signed during a visit to Operation HOPE headquarters by Administrator Isabel Casillas Guzmán and key SBA officials, marks an important milestone in the advancement of entrepreneurship in America. With Atlanta’s small business ecosystem thriving, Administrator Guzman and Operation Hope’s leadership would like to reaffirm their dedication to supporting entrepreneurs, especially in underserved communities. We gathered. Under the terms of the agreement, both organizations will have access to SBA’s resource partners, including but not limited to SCORE, the Small Business Development Center (SBDC), the Veterans Business Opportunity Center (VBOC), and the Women’s Business Center (WBC). It will be increased. SBA also plans to sponsor community-based outreach and education events in collaboration with its initiatives, including Operation HOPE and the 1MBB initiative.
Secretary Guzmán emphasized the importance of sustained partnerships, saying, “We are seeing a small business boom under the Biden-Harris administration, with more than 17 million new small business applications filed since the president took office. “The boom is accelerating even more.” Through our strategic partnership with Operation HOPE, SBA is working to level the playing field and ensure that all entrepreneurs have access to the resources and support they need to succeed and create jobs. We will further strengthen our spiritual growth. And let’s grow our economy. ”
This sentiment reflects Operation HOPE’s mission to empower individuals, families, and communities through financial literacy and entrepreneurship. By leveraging Operation HOPE’s expertise and nationwide customer network, this lasting partnership will help small businesses in diverse communities, particularly African Americans and Hispanics, seek to build intergenerational wealth. is intended to strengthen.
“This strategic partnership with the SBA represents a significant step forward in our joint effort to empower small businesses across America,” said Founder, Chairman and CEO of Operation HOPE. said John Hope Bryant. “By working with the SBA, we can provide critical resources and support to entrepreneurs, advance economic opportunity, and promote community prosperity for all.”
One of Operation HOPE’s flagship programs, the 1 Million Black Business Initiative (1MBB), has been at the forefront of the growth of Black entrepreneurship in America. 1MBB focuses on providing mentorship, training, and access to capital and has proven effectiveness in accelerating the growth of Black-owned businesses across the United States. Since its launch in 2020, nearly 400,000 new Black businesses have been started and engaged through the program.
A recent highlight of the impact of this partnership is “Black Coffee,” a growing startup that benefits from support from the SBA and Operation HOPE. “For Black entrepreneurs, navigating the business environment can be daunting,” said Marcus Johnson, CEO of Black Coffee. “The support and resources provided by the SBA and Operation HOPE have been instrumental in our growth journey. Not only have they helped us obtain capital, but they have also provided valuable guidance and guidance. They have helped Black Coffee grow and build meaningful connections in our community.”
Operation HOPE’s partnership with the SBA underscores our shared commitment to addressing the critical needs of small businesses. Through Operation HOPE’s extensive network and his SBA expertise in small business development, this partnership will provide entrepreneurs with access to quality training, counseling, and financial resources to succeed in today’s competitive marketplace. It is intended to do so.
For more information, please visit https://operationhope.org.
About management HOPE Co., Ltd.
Since 1992, Operation Hope has made free enterprise and capitalism work for the underprivileged, with a mission to end poverty for millions of low- and moderate-income youth and adults across the United States. It has moved America from civil rights to “silver rights.” He was named Innovator of the Year through his award-winning community improvement model, HOPE Inside. american banker According to the magazine, Operation HOPE serves more than 4 million individuals, directs more than $4 billion in economic activity to disenfranchised communities, and converts check-cashing customers into banking customers and renters into We turned homeowners into small business owners, made small business dreams come true, and made minimum wage workers into a living. Paying wages to consumers and uncertain disaster victims and turning them into economically empowered disaster survivors. Operation HOPE recently received Fast Company’s World Changing Ideas Award for advancing entrepreneurship and was recognized by Charity Navigator, a prestigious nonprofit rating agency, for its commitment to financial management and transparency and accountability. We have received a 4-star philanthropic rating for the 10th time in a row. Operation HOPE was also recently launched. 1865 project, an initiative aimed at leveling the economic playing field for underserved Americans. For more information, visit OperationHOPE.org. JOIN THE HOPE CONVERSATION twitterFacebook, Instagram, LinkedIn.
Operation HOPE contact information:
Kevin Boucher
kevin.boucher@operationhope.org
Laroni Campbell
la@persemediagroup.com
SOURCE Operation Hope Co., Ltd.
