Pacific Asian Consortium in Employment

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Wells Fargo Awards PACE $1.75 Million

PACE has received an unprecedented $1.75 million investment from Wells Fargo!  Funding will enable us to reconfigure our Business education and training sessions into three comprehensive, integrated learning tracks focused on helping entrepreneurs and small business owners adapt and sustain economic recovery.  Sessions will be available both online and in four regional languages – Chinese Mandarin, Korean, Vietnamese and Spanish – in addition to English.  Funding will also provide vital capital – including loans and forgivable loan products – to 154 minority-owned small businesses who have been disproportionately affected by the pandemic.  As a result of Wells Fargo’s generous contribution, we estimate the creation/retention of at least 2,000 jobs.  Thank you, Wells Fargo, for your generous investment and for believing in our work.  We are humbled and honored to have been selected as a grantee!

Read more about Wells Fargo Open For Business Fund

Read the Press Release

Image credit: Kristina Blokhin –

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