Wells Fargo, NFIB Young Entrepreneur Foundation Award Scholarships.
SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , July 10 /PRNewswire-FirstCall/ -- Wells Fargo Wells Fargo
armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]
See : Protectiveness
company that handled express service to western states; often robbed. [Am. Hist. Foundation and the National Federation of Independent Business (NFIB NFIB National Federation of Independent Business
NFIB National Foreign Intelligence Board ) Young Entrepreneur Foundation have recognized 26 high school students with the first NFIB /Wells Fargo Young Entrepreneur Awards. The awards honor entrepreneurial spirit and initiative with a $1,000 college scholarship.
The recipients are outstanding young men and women from across the country who have turned their dreams into successful small businesses or have pursued their passions by working for small businesses. The college scholarship awards will enable these students to further their education while encouraging them to become America's next generation entrepreneurs. Since its creation in 2002, the NFIB Young Entrepreneur Foundation has recognized the entrepreneurial dreams of 15,000 students with scholarships totaling $1.7 million.
"As the voice of small business, our members believe it is critical to promote entrepreneurship and free enterprise to America's youth," remarked Hank Kopcial, executive director of NFIB's Young Entrepreneur Foundation. "This year we awarded 422 NFIB Young Entrepreneur scholarships with the financial support from small business leaders, foundations, and corporations. We're very pleased to have Wells Fargo as a 2007 awards sponsor to help us recognize the outstanding achievements of these bright young men and women entrepreneurs."
To be considered for the awards, students had to demonstrate entrepreneurial spirit and initiative, and be enrolled as freshmen at an accredited 2- or 4- year university, college, or vocational/technical institute for this fall. Award winners were required to submit a transcript, typed 1000-word essay describing their entrepreneurial spirit, as well as a nomination from an NFIB member. The winners were chosen by an independent committee.
"Wells Fargo is proud to sponsor these awards with the NFIB to support entrepreneurial students who will become tomorrow's business leaders," said Dean Thorp, head of the Wells Fargo Foundation for California. "We share the NFIB's commitment to help small business owners, even young business owners, turn their passions into businesses and succeed financially -- in business and personally."
Wells Fargo and the NFIB share a twenty-year history based on a mutual desire to support the growth of successful small businesses. Wells Fargo has underwritten NFIB Research Foundation projects and sponsored the bi-annual National NFIB Small Business Summit and other NFIB activities and events, since 1998.
About National Federation of Independent Business Young Entrepreneur Foundation
The NFIB Young Entrepreneur Foundation is a 501(c)(3) organization promoting the importance of small business and free enterprise to the nation's youth. More information is available at http://www.nfib.com/YEF. The Foundation is associated with the National Federation of Independent Business; NFIB is the nation's leading small-business advocacy association, with offices in Washington, D.C. and all 50 state capitals. Founded in 1943 as a nonprofit, nonpartisan organization, NFIB gives small- and independent-business owners a voice in shaping the public policy issues that affect their business. NFIB's powerful network of grassroots activists send their views directly to state and federal lawmakers through our unique member-only ballot, thus playing a critical role in supporting America's free enterprise system.
About Wells Fargo
Wells Fargo & Company is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company with $486 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."
Providing financial products and services to more than one and a half million businesses with annual sales up to $20 million in all 50 states, Puerto Rico and Canada, Wells Fargo is America's #1 small business lender in total dollar volume according to the most recent Community Reinvestment Act Community Reinvestment Act (CRA)
Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. (CRA See Community Reinvestment Act. ) data (2005). The second largest national Small Business Administration (SBA SBA
Small Business Administration
Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government ) lender in dollars, Wells Fargo is an SBA Preferred Lender in 28 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and originated 4,937 loans for $578 million in 2006. Its diverse business services programs provide outreach and education to women, African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. , Latino, and Asian business owners about financial services. Since 1995, Wells Fargo has loaned more than $33 billion to women and diverse business owners. For more information, please visit http://www.wellsfargo.com/biz.
CONTACT: Sarah Pew of Wells Fargo, +1-415-396-0866, firstname.lastname@example.org; or Melissa Sharp of NFIB\Young Entrepreneur Foundation, +1-202-314-2068, email@example.com
Web site: http://www.wellsfargo.com/ http://www.nfib.com/YEF