Wells Fargo announces $100,000 scholarship fund for Diverse Business owners to attend Tuck school of Business Minority Business Programs
Wells Fargo announced it is extending its investment in diverse business development amounting to over $200,000 impacting 48 diverse businesses in the past two years. The Wells Fargo Scholarship Fund for Diverse Businesses in collaboration with the Tuck School of Business. Funds 24 scholarships per year for the Tuck School of Business Minority Business Programs, certified minority, women, veteran,LGBT and disabled owned business entrepreneurs will be able to attend Tuck.
“We’re proud to continue our work with the Tuck School of Business Minority Business Program,” said Regina O. Heyward, senior vice president and head of Wells Fargo Supplier Diversity. “Diverse-owned businesses create jobs and support families and communities in every small town and big city in the U.S. At Wells Fargo, we’re focused on growing diverse businesses by offering executive training, providing access to capital, and working with external organizations to broaden opportunities that will benefit diverse-owned businesses, which are so vital to our country’s economy.”
Diverse businesses are starting and scaling at an increasing high rate in the U.S. In 2017, Wells Fargo spent $1.27 billion with certified diverse suppliers. Wells Fargo has focused on two strategic areas: growing spend with certified diverse suppliers and working with business development organizations and the community to help build a strong network of diverse suppliers.
Tuck’s Minority Business Program started in 1980 and is the oldest program designed to develop diverse business owners at an academic graduate business school. Since its inception, more than 7,000 business owners have participated in the programs. “Tuck MBE Programs is very excited about this expanded relationship with Wells Fargo that allows us to bring our curriculum, faculty and 37 years of experience developing diverse businesses to even more entrepreneurs from diverse communities from across the county,” said Len Greenhalgh Faculty Director and Professor of Management, Tuck School of Business at Dartmouth.
Lane Coleman, founder, president, and CEO of the Detroit-based company Strike Group and a 2017 Tuck scholarship recipient noted, “It’s very focused. Taking the time away from your business is a big commitment, but it’s worth it! Thanks to Wells Fargo for this opportunity.”
Diverse business owners interested in applying for a Wells Fargo Scholarship should contact Dr. Fred McKinney at 603-646-9287 or Frederick.W.Mckinney@tuck.dartmouth.edu.