Well Fargo Bank just fired up a press release announcing a $25,000 grant to aid businesses vandalized on Monday night.
The lower 24th Street Merchants and Neighbors Association and the Valencia Corridor Merchants Association will handle the application process and facilite the distribution of funds, according to the press release.
According to the release, Wells Fargo employees are volunteering their time to talk to neighbors and encourage them to apply. The site points to the Lower 24th Street Merchants and Neighbors Association website for more information.
From the release:
“As San Francisco’s hometown bank, Wells Fargo is passionate about supporting the communities where we live and work, and it’s important to help our local merchants make the repairs they need to reopen for business and serve their customers again,” said Michael F. Billeci, president of Wells Fargo’s San Francisco Bay Region. “Helping small businesses right here in the Mission is a win for everyone in the community.”
“This grant will help our local merchants make much-needed repairs like replacing broken windows, removing graffiti and aiding in the general cleanup required to open their doors again,” said Erick Arguello, president of the Lower 24th Street Merchants and Neighbors Association. “It’s encouraging to see this kind of support from Wells Fargo, which has deep roots and a long history in San Francisco. It really shows how much they care about the community.”
We will update this article as we get more information.
Previously: Neighbors Begin Fundraising Campaign to Help Vandalized Businesses
predatory altruism. i’m happy that the businesses are getting fixed, but come on, it’s wells fargo. i hope people don’t forget the ridiculous amount of illegal and fraudulent foreclosures, private prisons and detention centers and the rest.
Well Scott, in these uncertain economic times, investing in prisons is a great idea. A large chunk of state and govt. funds are allocated for prisons thanks to Prison guard unions. Also, investing in private Prisons, especially those that cater to the federal government, is free money. Prison space is a necessary evil that will always be funded. Either they find the funds or they created them out of thin air.
Cheers,
Kp
Dido Randolph. I love it just as a slap in the face to the little kids that smashed up the street.
http://en.wikipedia.org/wiki/Parable_of_the_broken_window
What a genius and cynical PR move – I’ll take it though, since the money is real and going to the neighborhood.