Latest news with #1MBB
Yahoo
3 days ago
- Business
- Yahoo
Los Angeles City Council Recognizes Operation HOPE Founder John Hope Bryant for His 33 Years of Commitment to Helping Angelenos Secure a Better Economic Future
Operation HOPE also Awarded $1.25 Million in Scholarships to Council District 10 - Represented by Councilwoman Heather Hutt - through its One Million Black Business Initiative, Empowering Local Entrepreneurs to Start, Grow, or Scale their Businesses LOS ANGELES, June 05, 2025--(BUSINESS WIRE)--Operation HOPE and its Founder, Chair, and CEO John Hope Bryant were recognized by the Los Angeles City Council on May 9, 2025 for their 33 years of commitment to improving the economic and financial outcomes for underserved communities in Los Angeles. Councilwoman Heather Hutt (Council District 10) sponsored the proclamation on behalf of the City Council and was joined by Mr. Bryant as they shared remarks during the Council's public session. In addition, Mr. Bryant announced that Operation HOPE would be offering up to $1.25 million in scholarships for its services through its One Million Black Businesses (1MBB) initiative for Council District 10, which includes the community of Leimert Park, home to Operation HOPE's first location opened in 1994. Following the City Council ceremony, Councilwoman Hutt and Mr. Bryant toured the Leimert Park business district, where they met with a number of local entrepreneurs driving the revitalization of the area, including many who received early support services from Operation HOPE. Awarded scholarships will support local entrepreneurs seeking to start, grow, or scale their businesses, including through access to Shopify's e-commerce platform. Services offered include one-on-one consultations with Operation HOPE small business specialists; support with developing business plans, marketing strategies, and accessing capital; access to Shopify's network of resources, including e-commerce training, a complimentary website, and peer support groups. Operation HOPE was founded by Mr. Bryant on May 5, 1992, in response to the civil unrest in the wake of the Rodney King trial. In the midst of the turmoil and with parts of the city still on fire, Mr. Bryant organized his first "Banker's Bus Tour" through South Central Los Angeles, making the business case for investment in underserved communities. Since that day, Operation HOPE has grown its reach with offices in 300 cities across the U.S., serving over 1,500 locations, helping more than four million individuals, and directing over $4.2 billion in capital into underserved communities throughout the country. "It is always an honor and a privilege to be recognized for our contributions to our home city," said Mr. Bryant. "Operation HOPE began with a simple idea in response to the upheaval in my community – that everyone deserves the opportunity to fully participate in the greatest economy the world has ever known. That idea began and was nurtured in Los Angeles, thanks to so many prominent leaders like Mayor Tom Bradley, Rev. Dr. Cecil Murray, and Peter Ueberroth, who helped mentor and guide me as this idea expanded far beyond the borders of Los Angeles." Over the past decade, Operation HOPE has delivered measurable, life-changing results across Los Angeles, empowering individuals and families through financial literacy, coaching and access to opportunity. The organizations' impact includes: Serving more than 24,000 unique clients across Los Angeles Delivering more then 117,320 financial services including education, coaching and referrals Facilitating 2,000+ financial workshops Providing one-on-one financial coaching to more than 10,500 clients Issuing 7,700+ referrals to banking products, promoting financial inclusion Helping 62% of clients improve their credit score by an average of 38 points Supporting 78% of clients in increasing their savings, with median growth of $800 Facilitating more than $46 million in loan applications, resulting in $27 million funded – including $43+ million in home loans applied for and $25+ million in home loans funded Supporting the creation of 111 new businesses, fueling local economic development About Operation HOPE, 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $4.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information: Follow the HOPE conversation on Twitter, Facebook, Instagram or LinkedIn. View source version on Contacts Operation HOPE Contact: Bill Mendel, Mendel Communicationsbill@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Los Angeles City Council Recognizes Operation HOPE Founder John Hope Bryant for His 33 Years of Commitment to Helping Angelenos Secure a Better Economic Future
LOS ANGELES--(BUSINESS WIRE)--Operation HOPE and its Founder, Chair, and CEO John Hope Bryant were recognized by the Los Angeles City Council on May 9, 2025 for their 33 years of commitment to improving the economic and financial outcomes for underserved communities in Los Angeles. Councilwoman Heather Hutt (Council District 10) sponsored the proclamation on behalf of the City Council and was joined by Mr. Bryant as they shared remarks during the Council's public session. In addition, Mr. Bryant announced that Operation HOPE would be offering up to $1.25 million in scholarships for its services through its One Million Black Businesses (1MBB) initiative for Council District 10, which includes the community of Leimert Park, home to Operation HOPE's first location opened in 1994. Following the City Council ceremony, Councilwoman Hutt and Mr. Bryant toured the Leimert Park business district, where they met with a number of local entrepreneurs driving the revitalization of the area, including many who received early support services from Operation HOPE. Awarded scholarships will support local entrepreneurs seeking to start, grow, or scale their businesses, including through access to Shopify's e-commerce platform. Services offered include one-on-one consultations with Operation HOPE small business specialists; support with developing business plans, marketing strategies, and accessing capital; access to Shopify's network of resources, including e-commerce training, a complimentary website, and peer support groups. Operation HOPE was founded by Mr. Bryant on May 5, 1992, in response to the civil unrest in the wake of the Rodney King trial. In the midst of the turmoil and with parts of the city still on fire, Mr. Bryant organized his first 'Banker's Bus Tour' through South Central Los Angeles, making the business case for investment in underserved communities. Since that day, Operation HOPE has grown its reach with offices in 300 cities across the U.S., serving over 1,500 locations, helping more than four million individuals, and directing over $4.2 billion in capital into underserved communities throughout the country. 'It is always an honor and a privilege to be recognized for our contributions to our home city,' said Mr. Bryant. 'Operation HOPE began with a simple idea in response to the upheaval in my community – that everyone deserves the opportunity to fully participate in the greatest economy the world has ever known. That idea began and was nurtured in Los Angeles, thanks to so many prominent leaders like Mayor Tom Bradley, Rev. Dr. Cecil Murray, and Peter Ueberroth, who helped mentor and guide me as this idea expanded far beyond the borders of Los Angeles.' Over the past decade, Operation HOPE has delivered measurable, life-changing results across Los Angeles, empowering individuals and families through financial literacy, coaching and access to opportunity. The organizations' impact includes: Serving more than 24,000 unique clients across Los Angeles Delivering more then 117,320 financial services including education, coaching and referrals Facilitating 2,000+ financial workshops Providing one-on-one financial coaching to more than 10,500 clients Issuing 7,700+ referrals to banking products, promoting financial inclusion Helping 62% of clients improve their credit score by an average of 38 points Supporting 78% of clients in increasing their savings, with median growth of $800 Facilitating more than $46 million in loan applications, resulting in $27 million funded – including $43+ million in home loans applied for and $25+ million in home loans funded Supporting the creation of 111 new businesses, fueling local economic development About Operation HOPE, Inc. Since 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $4.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information: Follow the HOPE conversation on Twitter, Facebook, Instagram or LinkedIn.
Associated Press
27-02-2025
- Business
- Associated Press
Operation HOPE and SCORE Forge Strategic Partnership to Empower Small Businesses and Entrepreneurs Across America
ATLANTA, Feb. 27, 2025 /PRNewswire/ -- Operation HOPE, a national nonprofit dedicated to fostering entrepreneurship and financial literacy, today announced a partnership with SCORE, the nation's largest network of volunteer business mentors. This partnership, designed to support small businesses, underscores a shared commitment to empower small businesses and underrepresented entrepreneurs nationwide. SCORE, which consists of over 10,000 volunteers, provides aspiring and current entrepreneurs with free expert mentorship, resources, and education in all 50 U.S. states and territories. For 60 years, SCORE has supported American small businesses in launching, growing and thriving. Through this partnership, Operation HOPE and SCORE will offer business mentorship to small businesses participating in Operation HOPE's 1 Million Black Business Initiative, as well as to Operation HOPE clients recovering from natural disasters. The 1 Million Black Business Initiative (1MBB) is one of Operation HOPE's flagship programs and has been at the forefront of growing Black entrepreneurship in America. 1MBB provides Black businesses with resources, mentorship, training, and access to capital. Since its launch in 2020, nearly 400,000 new Black businesses have been created and engaged through the program. 'This partnership with SCORE reflects our constant evolution in ensuring we are making local, regional, and national connections to empower, support, and grow small businesses nationwide,' said John Hope Bryant, Founder, Chairman, and CEO of Operation HOPE. 'By working with an organization like SCORE, which understands the commitment to service in reaching our goals through initiatives like 1MBB and disaster relief programs, we can provide necessary resources and drive economic success for entrepreneurs nationwide.' The partnership includes SCORE's support for Operation HOPE small business clients loan and grant documentation preparation. The two organizations will also collaborate on administering educational sessions, 1:1 coaching, and access to resources for small businesses. Leveraging Operation HOPE's extensive network and continued success in their programs , along with SCORE's expertise in business mentorship and development, the partnership will equip entrepreneurs and small businesses with high-quality resources and teams committed to help them thrive. For more information, visit and About Operation HOPE, Inc. Since 1992, Operation HOPE has been moving America from civil rights to 'Silver Rights' with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its award-winning community uplift model, HOPE Inside, which received the Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $4 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. Operation HOPE recently received Fast Company's World Changing Ideas Award for driving entrepreneurship as well as its tenth consecutive 4-star charity rating for fiscal management and commitment to transparency and accountability from the prestigious non-profit evaluator, Charity Navigator. Operation HOPE also recently launched The 1865 Project, an initiative designed to help level the economic playing field for underserved Americans. For more information: Join the HOPE conversation on Twitter, Facebook, Instagram and LinkedIn. About SCORE Since 1964, SCORE has helped more than 17 million entrepreneurs start, grow or successfully exit a business. SCORE's 10,000 volunteers provide free, expert mentoring, resources and education in all 50 U.S. states and territories. Visit SCORE at SCORE is funded [in part] through a Cooperative Agreement with the U.S. Small Business Administration. Contacts:
