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UConn Foundation Receives $100,000 Grant For Initiatives to Support Minority-Owned Businesses

  • Santander Bank awards $100,000 grant to UConn Foundation for initiative to connect minority students with minority-owned businesses in the greater Hartford area
  • Grant intends to assist businesses in improving their operations while helping students gain real world experience
  • At least 13 scholarships or stipends will be awarded

Summary by Dirk Langeveld

The UConn Foundation has received a $100,000 grant from a Boston-based regional bank, with the funding designed to help minority students and minority-owned businesses.

Santander Bank, N.A. awarded the funding through its Santander Universities program. The initiative will allow students to assist businesses in the greater Hartford area with issues such as streamlining businesses and procedures, helping them improve their operations while gaining hands-on business experience.

The grant will provide at least 13 stipends or scholarships to students. Participants will work through the Connecticut Small Business Development Center and Verge Consulting Program, which is sponsored by UConn’s Connecticut Center for Entrepreneurship & Innovation.

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