Canal Alliance has teamed up with Wells Fargo and local nonprofits in the Small Business Neighborhood Renovation Program. Design professionals and students will be polishing up storefronts for business owners in the Bay Area. It's another example of collaboration between the nonprofit and business sectors.
As I dig deeper into this story, it gets more complex than "big banks are the bad guys in this economic downturn." Opportunity Fund actually partners with banks to accomplish its lending objectives, but it's also getting capital from the federal government and private foundations.
The other groups involved in the renovation project are: Marin City Community Development Corporation, Small Business Development Center (SBDC), Women’s Initiative for Self Employment (WISE), and Philanthropy by Design.
Posted by Li Miao Lovett on 08/23/10