In June, Union Bank committed $10 million to launch their Community Recovery Program aimed at addressing social and racial injustices in the United States. This initiative is specifically focused on building economic stability, supporting access to capital, encouraging entrepreneurship, job retention and more. This builds on the bank’s previously announced commitment of $3 million to support local communities affected by COVID-19.
These efforts have helped non-profit organizations, such as Los Angeles’ Wiley Center for Speech and Language Development, that serves people with autism spectrum disorder (ASD). When COVID-19 forced the center to close, Union Bank secured grants and a federal PPP loan so the center could resume operations.
Funds from the Community Recovery Program will be directed toward small business recovery efforts, rebuilding the workforce, building financial security and building diverse communities on the West Coast.