Articles Archive

• Get

• Give

• Learn

• Support

Adolph Coors Foundation Awards $10,000 to ACCION

New Mexico ∙ Arizona ∙ Colorado to Support Colorado Entrepreneurs

FOR IMMEDIATE RELEASE

Contact: Vice President of Advancement Lynn Trojahn

1-800-508-7624, (505) 573-1180 cell

Albuquerque, N.M. (Nov. 10, 2010) – The Adolph Coors Foundation has awarded a grant of $10,000 for operational support to ACCION New Mexico ∙ Arizona ∙ Colorado (ACCION). Specifically, ACCION will use the Coors Foundation grant to increase its service delivery to entrepreneurs in Colorado.

The generous support of the Adolph Coors Foundation will enable ACCION to conduct effective outreach to Colorado entrepreneurs, defray a portion of lending costs, and deliver one-on-one technical assistance on financial issues to entrepreneurs across the state. More specifically, this grant will allow ACCION to increase the financial literacy skills of underserved populations to foster an environment that promotes innovative and entrepreneurial growth in Colorado.

The grant from the Adolph Coors Foundation is not only an award to support ACCION’s ongoing operations – it is an investment in the growth and financial education of underserved entrepreneurs throughout Colorado.

ACCION is dedicated to helping small business owners create assets, build income, and achieve financial health. The organization offers small business loans between $200 and $150,000 along with training, networking and other support services to those who want to start a business or business owners looking to expand.

--##--

Founded in 1994, ACCION has financed the start-up and/or growth of 2941 businesses

through 4663 loans totaling more than $30 million.

With an estimated 4,706 jobs created or sustained by the organization’s client businesses,

ACCION serves entrepreneurs in 240 urban and rural New Mexico, Arizona and Colorado

communities through partnerships with local banks and organizations.

Since expanding into Colorado in November 2008, ACCION has supported 100 businesses

through 106 loans totaling $1.1 million.

Please visit us at www.accionco.org or call 1-800-508-7624.