TriTech SBDC Receives $12,500 Grant from Bank of America

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The grant awarded to TriTech will be used to promote technology and innovation in the Inland Empire by providing free consulting workshops and webinars for existing and aspiring business owners, marketing and sales assistance, access to capital, business model development and feasibility studies.

TriTech SBDC recently received a $12,500 grant from Bank of America to promote small business growth and economic development in the Inland Empire. The grant is part of Bank of America’s support to nonprofits addressing issues crucial to economic mobility and community vitality efforts like creating strong business corridors and access to safe, affordable housing.

Thus, the grant funding awarded to TriTech will be used to promote technology and innovation by providing free consulting workshops and webinars for existing and aspiring business owners, marketing and sales assistance, access to capital, business model development and feasibility studies.

“With the generous grant from Bank of America, TriTech will continue to be the catalyst for growth and economic recovery in the Inland Empire for high technology and high growth businesses. With the grant funds TriTech will create and retain 30 jobs and generate $6,000,000 in access to capital for entrepreneurs”, said Mark Mitchell, Director of TriTech.

TriTech SBDC has a proven track record of helping high tech start-ups access capital and create plans for funding, as well as providing high-level referrals to service providers. Furthermore, their efficient use of resources consistently yields $113,000 in economic impact for every $1,000 in funding.

Some of Tritech SBDC’s most notable achievements include partnering with NASA through the Space Act Agreement, the first in the nation to do so; and outpacing other SBDCs in California with impressive returns on funding investments.

“Small business plays a crucial role in expanding economic opportunity, both on an individual and community level. Bank of America is proud to partner with TriTech SBDC to connect small business owners and entrepreneurs with important counseling resources and the tools they need to succeed,” said Al Arguello, Bank of America Market President for the Inland Empire.

About TriTech Small Business Development Center (SBDC)
TriTech SBDC works with high technology high growth firms by offering no cost consulting and training to entrepreneurs and businesses looking for go-to-market strategies that will accelerate the growth of their enterprise. TriTech also provides trainings and workshops on topics that are relevant and valuable to the business community. TriTech has assembled a team of professionals who prepare you for the funding process. TriTech also provides high level referrals to service providers and resources who give companies a competitive advantage. All of TriTech's services are provided at no cost to clients. TriTech SBDC is part of the Orange County Inland Empire Small Business Development Network of California. For further information about TriTech SBDC or to schedule a no-cost appointment: visit http://www.tritechsbdc.org call 951-571-6378 or follow @TriTechSBDC on Twitter or Facebook.

About Bank of America
At Bank of America, our focus on Environmental, Social and Governance (ESG) factors is critical to fulfilling our purpose of helping make people’s financial lives better. Our commitment to growing our business responsibly is embedded in every aspect of our company. It is demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our customers, and the impact we help create around the world in helping local economies thrive. An important part of this work is forming strong partnerships across sectors - including community and environmental advocate groups, as well as non-profits – in order to bring together our collective networks and expertise to achieve greater impact. Learn more at http://www.bankofamerica.com/about and connect with us on Twitter at @BofA_News

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Hanah Khaled
@OCIESBDC
since: 09/2010
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