Wells Fargo Announces $5 Million in Local St. Louis Small Business Recovery

Tuesday, December 15, 2020
African American man stands looking at computer inside wood shop

Wells Fargo Bank’s newly launched Open for Business Fund, an approximately $400 million small business recovery effort to help America’s entrepreneurs reopen and rebuild, has made a significant regional commitment: local financial services nonprofit Justine Petersen was recently selected to receive a $5 million grant from the Fund to help St. Louis small business owners with capital, loans and other financial services to minority-owned small businesses and entrepreneurs.

The Open for Business Fund builds on Wells Fargo's commitment to small business customers and other small business growth initiatives, including the $175 million Wells Fargo Diverse Community Capital program and investing up to $50 million in Black-owned Minority Depository Institutions.