Mayor Daniella Levine Cava and Wells Fargo To Launch the Strive305 Hub To Empower Local Businesses

Rhea-AI Summary

Wells Fargo and Miami-Dade County have launched the Strive305 HUB, a comprehensive resource platform for small businesses. The initiative, funded and sponsored by Wells Fargo, provides tools including resource mapping, training modules, event promotion, and community engagement features.

The program builds on Wells Fargo's previous $20 million Miami Open for Business grant and aims to support entrepreneurs through various stages of business development. The platform offers resources for business registration, emergency preparedness, planning, networking, mentoring, and legal services. The hub is supported by partners including the Small Business Administration, Florida International University's SBDC, and the Department of Commerce MBDA.

Positive

• Wells Fargo expands small business support through new digital platform investment
• Builds upon existing $20 million Miami Open for Business grant investment
• Strategic partnership with government and educational institutions enhances service offering

Negative

• None.

Insights

Market Research Analyst

This initiative, while positive for Wells Fargo's community engagement, is not materially significant for investors considering WFC's $249 billion market cap. The Strive305 HUB program, though beneficial for Miami's small business ecosystem, represents a minimal financial commitment compared to Wells Fargo's overall operations. The previously mentioned $20 million Miami Open for Business grant, while commendable, accounts for less than 0.01% of the bank's market value.

The program aligns with Wells Fargo's broader strategy to rebuild community trust and strengthen its position in the small business banking sector, particularly in the growing South Florida market. However, the direct revenue impact and potential business opportunities from this initiative are likely to be negligible in the context of the bank's overall financial performance.

MIAMI, FL / ACCESSWIRE / December 4, 2024 / Wells Fargo

In a continued effort to strengthen the small business community, Mayor Daniella Levine Cava joined Miami-Dade County's Office of Innovation and Economic Development and Wells Fargo leaders to officially launch the Strive305 HUB, an all-in-one resource platform designed to help small business owners connect with essential resources, community partners, and growth opportunities. Powered by Miami-Dade County and funded and sponsored by Wells Fargo, the Strive305 HUB aims to make small business support more accessible and impactful by offering a wide array of tools including resource mapping, training modules, event promotion, and community engagement features.

"We know that small businesses are the backbone of our economy, and we are committed to providing them with the resources they need to succeed," said Miami-Dade County Mayor Daniella Levine Cava. "The Strive305 HUB is more than just a portal; it's a comprehensive support system. By connecting entrepreneurs to invaluable resources, technical assistance, and mentorship, we're investing in Miami-Dade's future as a thriving, resilient economy."

Through the County's Office of Innovation and Economic Development, Mayor Levine Cava's administration has spearheaded STRIVE 305, the county's flagship program offering resources, capital access, and trainings; allocated $25 million to more than 120 small businesses through grants; and, launched an online Small Business Resource Guide and to empower small businesses in the county with essential resources for starting, managing, and growing their operations.

"Wells Fargo is thrilled to join the effort to support small businesses across Miami-Dade County. As part of our long-standing commitment to work with small businesses to drive growth across South Florida, the Strive305 HUB will support small businesses and economic development by providing local small businesses and entrepreneurs with enhanced access to funding, resources and expertise to help them serve their customers across the region," said Jason Rosenberg, head of Public Affairs at Wells Fargo.

Building on prior Wells Fargo small business investment in South Florida, including its $20 million Miami Open for Business grant, Wells Fargo is also supporting this online hub, which will aid new and existing entrepreneurs through the business development process. From opening and registering a new business, preparing for emergencies and business planning to accessing networking, mentoring, tax and legal services, business owners will find resources that will help remove barriers and foster growth and development of healthy business ventures.

In addition to Wells Fargo, the Strive305 HUB is also supported by partners such as the Small Business Administration, Florida International University's Small Business Development Center (SBDC), the Department of Commerce Minority Business Development Agency (MBDA).

For more information, visit www.Strive305HUB.Com.

Contact:
William Porro, Miami-Dade County Office of Innovation & Economic Development
William.porro@miamidade.gov
305-582-5757

Gabriela Lambertus, Wells Fargo
gabriela.lambertus@wellsfargo.com
305-619-8898

From right, Wells Fargo South Florida Regional Executive Hector Ponte, Purple Orchid owner Sara Agudelo, Wells Fargo Head of Public Affairs Jason Rosenberg, Mayor Daniella Levine Cava, Wells Fargo South Florida Senior Community Impact Specialist Leo Toca and Wells Fargo Senior Lead Government Relations Specialist Aprill Blanco.

View additional multimedia and more ESG storytelling from Wells Fargo on 3blmedia.com.

Contact Info:
Spokesperson: Wells Fargo
Website: https://www.3blmedia.com/profiles/wells-fargo
Email: info@3blmedia.com

SOURCE: Wells Fargo

View the original press release on accesswire.com

FAQ

What is the Strive305 HUB launched by Wells Fargo (WFC)?

The Strive305 HUB is an all-in-one resource platform funded by Wells Fargo that helps small business owners connect with essential resources, training modules, and growth opportunities in Miami-Dade County.

How much has Wells Fargo (WFC) invested in Miami small businesses?

Wells Fargo has invested $20 million through its Miami Open for Business grant program, which the new Strive305 HUB initiative builds upon.

What services does Wells Fargo's (WFC) Strive305 HUB provide?

The Strive305 HUB provides resource mapping, training modules, event promotion, business registration assistance, emergency preparedness guidance, networking opportunities, and access to mentoring and legal services.