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API SBP News: Asian Pacific Islander Small Business Program Receives $100,000 from Wells Fargo

Despite continuing challenges in the economy, the Asian Pacific Islander Small Business Program (API SBP) received a $100,000 grant from the Wells Fargo Foundation as part of the company's ongoing commitment to support the Asian Pacific Islander entrepreneur community in Greater Los Angeles.

Photo Caption: Roy Jasso (center), Wells Fargo Community Development representative and Chinatown Service Center board member, presents a $100,000 check to API SBP board members - all whom are executive directors of their respective organizations, including:  Byron Shinyama (left), Koreatown Youth & Community Center; Chanchanit Martorell (third from left), Thai Community Development Center; Bill Watanabe (third from right), Little Tokyo Service Center; Joel Jacinto (second from right), Search to Involve Pilipino Americans; and Lawrence Lue (right), Chinatown Service Center.  Members of the API SBP, a collaborative of the five community organizations, received the $100,000 donation at a board meeting in Los Angeles on June 14th.  Also pictured is Ron Fong (second from left), the API SBP director.

About the Asian Pacific Islander Small Business Program
Formed in 1999, API SBP is a collaborative of five community organizations, the Chinatown Service Center, Koreatown Youth & Community Center, Little Tokyo Service Center CDC, Search to Involve Pilipino Americans, and Thai Community Development Center.  Its partners have shared more than 160 years of service between them, are well known and respected for the quality of their work, the impact of their services and their standing in the community.   API SBP assisted 3000 entrepreneurs in 2010. The organization is partially funded by the U.S. Small Business Administration and does not charge clients for its counseling services.


About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America.  Wells Fargo & Company was ranked No. 23 on Fortune's 2011 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.