Open for Business Fund gets virtually $1M grant from Wells Fargo

Caravanserai Undertaking, the Inland Empire Group Collaborative (IECC) and the Inland Empire Community Basis (IECF) announced Aug. 17 that a partnership concerning the a few companies has been awarded a grant of virtually $1 million from Wells Fargo for its Open for Enterprise Fund.

This grant will enable the businesses to raise their efforts at strengthening the infrastructure for nonprofit and for-revenue corporations.

“When we received information of obtaining the grant, we were quite excited,” claimed Mihai Patru, CEO of Caravanserai. “This grant is an expenditure in our location and nonprofits. There is an plan that you shouldn’t devote in nonprofits mainly because of lack of infrastructure. This grant displays the time is now to commit, and additional donors will be inclined to spend in our location.”