The Rancho Santiago Community College District Foundation’s Orange County Small Business Development Center received a $150,000 grant from the MUFG Union Bank Foundation.
The grant will help the development center expand its one-on-one consulting services that help entrepreneurs and small businesses increase their revenue, create jobs, gain access to capital, and spur economic growth in low- to moderate-income communities with diverse populations.
The grant will provide $50,000 per year over the next three years.
The foundation is part of San Francisco-based MUFG Union Bank N.A.
“Minorities make up a significant portion of the Orange County SBDC client base, as [do] many business owners from underserved communities, including low-and-moderate-income populations,” said Leila Mozaffari, director of the Orange County SBDC, in a release.
The center expects to help an additional 240 additional local entrepreneurs and small businesses. At least 1,200 hours of consultation services from advisors and industry experts in one-on-one sessions will be provided, according to the center.
The foundation’s mission is to make philanthropic investments that expand access to economic opportunity in low- and moderate-income communities, specifically in the areas of affordable housing, community economic development, education, human services, and the environment.
