SACRAMENTO, California | This week, Wells Fargo announced their sponsorship of a Financial Management Training Program for small business owners in Northern California, to be administered by Sacramento Valley Small Business Development Center (SBDC) and Butte College Small Business Development Center (SBDC). With the combined sponsorship of $30,000, the centers will host eight cohorts of the training series (four per center) from June 2023 to May 2024. The series will be offered at no charge to businesses throughout the eight counties that the two centers serve: Sacramento, Yolo, Sutter, Yuba, Butte, Tehama, Colusa, and Glenn Counties. Each cohort will receive about eight hours of training. The series will be offered in-person and online.
“The U.S. economy is powered by small businesses and Wells Fargo is committed to helping them succeed financially and strengthening the small business sector for the long term,” said Kevin Barri, Wells Fargo Region Bank President, Northern Golden State Region. “Wells Fargo’s goal is to support programs that empower as many small businesses as possible, with a strong emphasis on supporting the needs faced by diverse small business owners.”
A total of 160 small and micro-enterprise businesses are anticipated to take advantage of the program, which will cover important topics such as understanding financial statements; ratio and trend analysis; using financial tools to make good business decisions; and forecasting and budgeting as tools to improve profits. Participants will also benefit from one-on-one free advising from their respective SBDC.
For business owners with expertise in their industries, but who might be less familiar with the technical side of running a profitable business, opportunities to learn financial management strategies are crucial. With the support of Wells Fargo, the Financial Management Training Program will prepare small business owners for success and growth.