The Hartford committed $16 million over five years to help small businesses succeed through its new Communities with HART initiative. The first investments include $1.25 million to the Accion U.S. Network to benefit 500 small businesses and $1.5 million to Junior Achievement USA (JA) to support 100,000 students.
With Accion, The Hartford will make loans and training possible for small businesses that lack access to traditional sources of capital.
“Across the U.S., there are small business owners who can’t access traditional loans due to a lack of training and education, unavailability of small loans, or a short business track record,” said Gina Harman, CEO of the Accion U.S. Network. “With support from Communities with HART, these obstacles can be overcome.”
Accion will manage the loan process, focusing on businesses that hire and source locally, deliver social value and make a positive difference in their neighborhoods.
Business owners will also have access to resources such as The Hartford’s Business Owner’s Playbook.
Business owners interested in applying for a Communities with HART loan can visit https://us.accion.org/give-back/hartford.
In partnership with JA, The Hartford will be the title sponsor of its national flagship JA Company Program®, helping to inspire today’s students to be the entrepreneurs of tomorrow.
The program helps students launch their own small business and learn the basics of entrepreneurship, financial literacy and business success.
“The program will spark the entrepreneurial spirit in our students by infusing technology, promoting contemporary teaching methodology, and providing young people opportunities to learn in ways that are both measurable and memorable,” said Jack Kosakowski, president and CEO of Junior Achievement USA.
Congratulations The Hartford!