ST. LOUIS NEWS TODAY -
Area Women Entrepreneurs Receive Increased Funding
Workers are preparing the newly renovated Kiener Plaza for the return of the Ameren Missouri Festival of Lights, November 18, from 3:00 p.m. - 5 p.m., featuring live entertainment, lighting of the Salvation Army Tree of Lights, a festive fireworks finale and the Winterfest skating rink in partnership with the Gateway Arch Park Foundation.
ST. LOUIS, MO, (BUSINESS WIRE), November 12, 2017 - Bank of America has announced an additional $20 million in funding available through the Tory Burch Foundation Capital Program to connect more women entrepreneurs to affordable loans, administered by community development financial institutions (CDFIs). Since launching in January 2014, more than $30 million in capital has been deployed to more than 1,400 women entrepreneurs, bringing the total capital program commitment to $50 million.
"Our work with the Tory Burch Foundation Capital Program represents one way we are able to deploy capital in support of sustainable economic growth in our local communities," said Anne Finucane, vice chairman, Bank of America. "The program elevates economic and social progress for women entrepreneurs and helps to grow small businesses in communities across the U.S."
Bank of America is the largest investor in CDFIs, with more than $1.5 billion in investments to more than 260 CDFIs across the U.S. and the District of Columbia. The Tory Burch Foundation Capital Program, powered by Bank of America, aims to increase the number and size of businesses owned and led by women, creating communities of women entrepreneurs and advancing economic growth across the country.
"Access to capital is one of the biggest obstacles women entrepreneurs face today. Just $1 in $23 in loans goes to women-owned businesses, and that needs to change," said Tory Burch, founder of the Tory Burch Foundation. "Our capital program with Bank of America is helping to level the playing field, and we are absolutely thrilled to continue our partnership and build on our success with the bank's increased commitment of capital."
The capital program is currently operating in 16 U.S. states. The CDFIs listed below are participating in the capital program and offering a 2 percent interest rate reduction on loans for qualifying borrowers:
Access to Capital for Entrepreneurs (ACE): Georgia
Accion: Illinois (Chicago and surrounding areas), New York, Florida,
Massachusetts, Arizona, Colorado, New Mexico
Carolina Small Business Development Fund: North Carolina
Entrepreneurs Works: Pennsylvania
justinePETERSEN: Missouri (metro St. Louis), Illinois (downstate), Kansas
Opportunity Fund: Northern California
Union County Economic Development Corporation (UCEDC): New Jersey
VEDC: Southern California, Nevada
The Tory Burch Foundation empowers women entrepreneurs by providing access to capital, education and digital resources. In the past year, the Foundation provided online tools and digital education to more than 200,000 women entrepreneurs and more than 10,000 women created their business plans on ToryBurchFoundation.org. The Foundation's global initiative, #EmbraceAmbition launched in March 2017, encouraging women everywhere to own their power, their drive and their dreams.
World Wide Technology Opens State-of-the-Art Headquarters
ST. LOUIS, MO, (BUSINESS WIRE), November 12, 2017 - World Wide Technology (WWT), a market-leading technology solution provider, has celebrated the official opening of its new global headquarters. Located in Maryland Heights' Westport Plaza, the new facility stands seven stories tall, spans 208,000 square feet and is brimming with cutting-edge technology.
"This is an exciting time for WWT and marks a huge milestone for the company, its employees, customers and the community who will all benefit from the expansion," said CEO Jim Kavanaugh. "We wanted to build a smart office focused on physical and virtual collaboration, and it's inspiring to see people using different workspaces and technologies to connect and innovate in new ways."
As one of the area's largest privately owned businesses and largest employers, WWT designed the headquarters with a focus on the community. To aid in the revitalization of Westport Plaza, the lower level features adjacent terraces designed to host public events. The entire facility is also LEED-certified, underscoring the company's commitment to being a responsible corporate citizen.
The new space reflects WWT's innovative company goals and focuses on continuing to make WWT an award-winning employer, as recognized by the "2017 Fortune 100 Best Companies to Work For." The facility features state-of-the-art technologies, including a 300-seat auditorium with a 51-foot by 12-foot LED screen, one of the largest in North America.
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