BOSTON, May 4, 2018 /PRNewswire/ -- Santander Bank today announced the donation of
nearly $1.1 million in grants to more
than 16 mission-driven non-profit organizations throughout its
footprint that support small business development and foster
entrepreneurship in their communities in recognition of the U.S.
Small Business Administration's (SBA) 'National Small Business
Week.'
"For the second year in a row, Santander has turned the SBA's
'National Small Business Week' into a month-long celebration," said
Amir Madjlessi, Santander's
Executive Vice President and Managing Director of Business Banking.
"Small businesses play a significant role in the economic
well-being of our communities and there's no better way to show
them our respect this month and every month than by giving them our
financial support and lending our time and expertise. In addition
to donating to these exceptional organizations, Santander's
Business Banking team will be donating their personal time to
provide financial education and mentoring to small businesses and
entrepreneurs."
These donations are a part of Santander
Bank's Charitable Contributions Program, which awards grants
three times a year to programs serving low- to moderate-income
business owners, individuals, families and communities. Non-profits
receiving Santander grants in recognition and support of Small
Business Week include:
ORGANIZATION
NAME
|
LOCATION
|
GRANT
AMOUNT
|
ASSETS
Lancaster
|
Lancaster,
PA
|
$15,000
|
Babson
College
|
Boston, MA
|
$191,000
|
Common
Capital
|
Springfield,
MA
|
$10,000
|
Columbia-Harlem Small
Business Development Center
|
New York,
NY
|
$256,500
|
CommonWealth
Kitchen
|
Dorchester,
MA
|
$285,000
|
Community Action
Development Corporation of the Lehigh Valley
|
Allentown,
PA
|
$10,000
|
Community
Teamwork
|
Lowell, MA
|
$10,000
|
English for New
Bostonians
|
East Boston,
MA
|
$10,000
|
Hot Bread
Kitchen
|
New York,
NY
|
$20,000
|
International
Hartford
|
Hartford,
CT
|
$10,000
|
Neighborhood
Development Corporation of Grove Hall
|
Roxbury,
MA
|
$5,000
|
Network for Teaching
Entrepreneurship (NFTE)
|
Regional [New
England, New York, Philadelphia, South Florida]
|
$210,000
|
New England Center
for Arts & Technology
|
Boston, MA
|
$10,000
|
Greater Philadelphia
Hispanic Chamber of Commerce
|
Philadelphia,
PA
|
$25,000
|
Southwest Brooklyn
Industrial Development Corporation
|
Brooklyn,
NY
|
$15,000
|
Welcoming Center for
New Pennsylvanians
|
Philadelphia,
PA
|
$10,000
|
|
TOTAL:
|
$1,092,500
|
Santander's larger grant recipients include Boston-based CommonWealth Kitchen and
Babson College, and New York City's Network for Teaching
Entrepreneurship (NFTE).
CommonWealth Kitchen and Babson
College are Santander's strategic partners in the Bank's
Cultivate Small Business initiative. Launched in
May 2017, Cultivate Small
Business helps early-stage entrepreneurs in Greater Boston's low- and moderate-income
neighborhoods build and sustain their businesses by providing
industry-specific education, networks and mentoring as well as
small capital grants for business owners. An innovative
community-based food business accelerator, CommonWealth Kitchen is
providing program participants with shared kitchen space and a
continuum of business and technical assistance services along with
access to industry-specific advice and support. Renowned for its
central focus on entrepreneurship education, Babson College has developed a customized business
education curriculum for Cultivate Small Business'
eight-month program that combines in-person business classes at the
College's downtown Boston campus
with online sessions that participants can access
remotely.
Santander's donation to NFTE supports the organization's
Adopt-A-Class initiative, which NFTE estimates will reach and
activate the entrepreneurial mindset of more than 11,100 students
in 500 classes this year with impactful programming. NFTE provides
schools and partners the opportunity to change the lives of young
people through the transformative power of entrepreneurship. Its
mission is to provide programs that inspire young people from
low-income communities to stay in school, recognize business
opportunities and plan for successful futures.
Shawn Osborne, President and CEO
of NFTE, commented, "Santander has been helping NFTE activate the
entrepreneurial mindset of underserved youth for four years and we
are proud to see this partnership continue to grow. We are
incredibly grateful for the investment Santander has made in our
program, both financially and through skills-based volunteerism,
which is a critical piece to the student experience for their
long-term success. Because of Santander's commitment to NFTE,
together, we are able to impact the lives of more students and
start them on their entrepreneurial journey, preparing them to be
career-ready and tomorrow's innovators."
Santander's 'Small Business Month' also includes a series of
activities dedicated to supporting small business owners and
fostering small business growth, including:
- Check presentations to donation recipients, including NFTE and
the Columbia-Harlem Small Business Development Center (CH-SBDC). On
Monday, April 30, Santander joined
Columbia Business School (CBS) to
present the CH-SBDC with a check for $256,500 to support training and developing
entrepreneurs in New York City
over the next three years. Santander awarded this funding to
support the CH-SBDC's programing and its efforts to launch a
cross-collaborative project with CBS's Entrepreneurship and
Competitiveness in Latin America Program to support global
entrepreneurship. The CH-SBDC is part of New York's statewide SBDC network, which is
funded in part by the SBA, providing small business owners and
entrepreneurs with confidential counseling, training and
research.
- A celebratory rally on May 8
where more than 300 team members from Santander's Business Banking
division will gather at the Marriott Hotel in Quincy, MA to share effective strategies for
supporting their small business clients and recognize top
performers.
- In-branch networking events for small business customers and
prospects between May 21 and
May 25 at 160 branches where small business
owners will have the opportunity to network with Santander's Small
Business Relationship Managers and each other, collaborate and
discuss best practices aimed at helping small businesses
succeed.
Santander Bank, N.A. is
one of the country's largest retail and commercial banks with
$74.5 billion in assets. With its
corporate offices in Boston, the
Bank's approximately 9,600 employees, over 600 branches, more than
2,000 ATMs and 2.1 million customers are principally located in
Massachusetts, New Hampshire, Connecticut, Rhode
Island, New York,
New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned
subsidiary of Madrid-based Banco
Santander, S.A. (NYSE: SAN) - one of the most respected banking
groups in the world with more than 125 million customers in the
U.S., Europe, and Latin America. It is managed by Santander
Holdings USA, Inc., Banco
Santander's intermediate holding company in the U.S. For more
information on Santander Bank,
please visit www.santanderbank.com.
Media Contacts:
Ann Davis
617-757-5891
ann.davis@santander.us
Nancy Orlando
617-757-5765
nancy.orlando@santander.us
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SOURCE Santander Bank, N.A.