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New Mexico Entrepreneurial Community to Get a Boost, Thanks to $19K Grant

November 29, 2018

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov 29, 2018--Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $19,500 in Partnership Grant Program (PGP) funds to ABQid, a nonprofit that supports New Mexico’s entrepreneurial community with educational resources, to help fund their programs and operational expenses.

Local dignitaries will join bank representatives in awarding the funds at a check presentation at 11:00 a.m. Tuesday, December 4, 2018, at ABQid’s offices at 609 Broadway NE in Albuquerque. The media is encouraged to attend.

The mission of ABQid is to provide New Mexico’s entrepreneurial community with startup support programming, seed fund investment and stakeholder engagement. As the only curriculum-based, venture-backed business accelerator in New Mexico, the organization has served more than 1,200 entrepreneurs and assisted 36 companies through its bootcamps, workshops and educational support.

The structure of the PGP allows FHLB Dallas member institutions like Wells Fargo to make a contribution of $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas will match at a 3:1 ratio.

For more information about the PGP, visit .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005829/en/

CONTACT: Corporate Communications

Federal Home Loan Bank of Dallas

fhlb.com

(214) 441-8445

KEYWORD: UNITED STATES NORTH AMERICA NEW MEXICO

INDUSTRY KEYWORD: EDUCATION OTHER EDUCATION SMALL BUSINESS PHILANTHROPY PROFESSIONAL SERVICES BANKING CONSULTING OTHER PHILANTHROPY

SOURCE: Federal Home Loan Bank of Dallas

Copyright Business Wire 2018.

PUB: 11/29/2018 05:39 PM/DISC: 11/29/2018 05:39 PM

http://www.businesswire.com/news/home/20181129005829/en

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