Santa Barbara, CA. July XX, 2008 – Women’s Economic Ventures (WEV) is pleased to announce an award totaling $170,000 from the Weingart Foundation. The award is the largest gift WEV has ever received from the Weingart Foundation.
“We are grateful to the Weingart Foundation for understanding that, like any business, a nonprofit needs investment to grow,” said Marsha Bailey, CEO and Founder, Women’s Economic Ventures. “Weingart Foundation’s investment in WEV will enable us to raise more money to serve more clients and produce a more profound impact on the individuals and the communities we serve.”
The grant is for Capacity Building, one of the main types of support Weingart Foundation provides to organizations in program areas of health, human services, and education. Weingart Foundation has partnered with WEV since 2003.
About Women’s Economic Ventures (WEV)
WEV is dedicated to creating an equitable and just society through the economic empowerment of women across the globe. Since 1991, WEV has been providing self-employment training, technical assistance and microloans to primarily low-income women. Today, WEV offers a continuum of programs for women at every stage of the business lifecycle to help startup, launch, grow, and sustain a business. Services include comprehensive self-employment training program, advanced training, business counseling, coaching, and networking opportunities. WEV’s service area has grown to include north and south Santa Barbara County and Ventura County with offices in Santa Barbara and Oxnard. WEV’s Small Business Loan Fund provides start-up and expansion loans to pre-bankable microenterprises. WEV was designated a Community Development Financial Institution (CDFI) in 1999 by the U.S. Department of the Treasury. In 2005, the Small Business Administration recognized WEV as the most productive Women’s Business Center in the nation. For more information please call 805-965-6073 or visit www.wevonline.org.