On Tuesday, Shares of Wells Fargo & Co (NYSE:WFC), included 0.19% and shut at $52.22 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $51.81 and $52.58. Valley Economic Development Center, also known as VEDC, is one of 12 Community Development Financial Institutions (CDFIs) to receive funds from the Wells Fargo Works for Small Business: Diverse Community Capital program. Wells Fargo & Company (WFC) recently declared it is providing $11.2 million in lending capital and grants in round two of the three-year program. Located in Sherman Oaks, CA, VEDC will receive $250,000 in grant funds and $2.25 million in lending capital. The six-round Diverse Community Capital (DCC) program will provide a total of $75 million in lending and grant capital over three years to CDFIs that support diverse-owned small businesses. To date, this program has distributed more than $38 million to 30 CDFIs.
The $2.25 million will allow VEDC to expand their African American Small Business Loan Program outside of the Greater Los Angeles area to include all of Southern California. Many African-American small business owners have faced systemic challenges to securing loans from traditional sources. The VEDC program also offers training and free business consultations to address the specific needs of the African American entrepreneur wishing to start or expand their business.
Shares of Microsoft Corporation (NASDAQ:MSFT), added 0.43% and shut at $61.12 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $60.81 and $61.26. The association’s commercial center capitalization is $479.25 Billion with the general uncommon loads of 7.78 billion. during its annual Connect(); developer event, Microsoft Corp. unveiled a series of products and partnerships that strengthen the company’s Azure cloud platform for building intelligent, cross-platform apps and services. Microsoft Cloud and Enterprise Executive Vice President Scott Guthrie detailed noteworthysteps Microsoft is taking to empower the ecosystem by giving developers greater choice in the tools they use — counting joining the Linux Foundation as a Platinum Member to better collaborate with the open source community, welcoming Google to the independent .NET Foundation, and working with Samsung Electronics Co. Ltd. to facilitate .NET developers to build apps for more than 50 million Samsung devices worldwide.
Guthrie also demonstrated a preview of Visual Studio for Mac, which facilitates developers to write cloud, mobile and macOS apps on Apple’s Mac operating system using the popular development environment; a preview of the next version of the company’s flagship SQL Server database with support for Linux, Linux-based Docker containers and Windows-based environments; and a preview of Azure App Service on Linux with support for containers.