The bank’s five-year commitment will support the training of entrepreneurs by the CIE in Central Pa.
HARRISBURG, Pa., October 11, 2023 /PRNewswire/ — M&T Bank (NYSE: Mountain biking) strengthens its partnership with the Center for Innovation and Entrepreneurship (CIE) of Harrisburg University of Science and Technology by investing $250,000 in the center’s programs aimed at promoting entrepreneurship through Central Pennsylvania and beyond.
The bank’s five-year commitment will help CIE empower innovators to build successful businesses through programs designed to provide infrastructure and access to resources for startups with a focus on publicly-owned businesses. minorities and women. M&T will also work closely with business owners to provide technical assistance through financial education and other mentoring and coaching opportunities, which could lead to the creation of new businesses and jobs while throughout the process. Harrisburg region and elsewhere.
“M&T Bank’s investment over the next five years means more than just financial support; it represents our confidence in local entrepreneurship to drive positive change and economic growth in the country. Central Pennsylvania,” said Nora Habigregional president of M&T Bank for Central And Western Pennsylvania. “We are excited to strengthen our partnership with CIE as we share the vision of creating an environment where individuals from all backgrounds can learn, access innovative resources and contribute to our community.
This is the latest example of how M&T and CIE are partnering as leaders in innovation and transformative approaches to business. In April 2022the two organizations launched the Capital Region’s first Multicultural Small Business Lab for entrepreneurs of diverse racial and ethnic backgrounds in Central Pennsylvania. The second cohort of the program ended last June. So far, around 80 entrepreneurs have completed the program.
“We are extremely grateful to M&T Bank for their generous investment in Harrisburg University Center for Innovation and Entrepreneurship,” said Dr. Eric Darr, President of Harrisburg University. “This partnership reaffirms our commitment to fostering innovation, entrepreneurship and economic development at the heart of Harrisburg. With the support of M&T Bank, we will further empower our community of entrepreneurs to advance groundbreaking ideas and fuel the growth of innovative businesses in our region. »
Much of this collaboration will take place at CIE’s Strawberry Square site, which was completed earlier this year. The facility responds to the growing demand for services to train entrepreneurs, grow their businesses and create an environment that fosters creativity and productivity.
“The foundation of any community is its local business activities,” said Harrisburg Mayor Wanda Williams. “This extremely generous investment from M&T Bank will help the City of Harrisburg strengthen its future by ensuring that people who want to start a business in our city have the tools they need to do so Harrisburg University. I am incredibly grateful for That of Nora Habig leadership at M&T Bank, realizing that we are on the cusp of tremendous achievements in Harrisburg“.
With both institutions rooted in their dedication to small businesses, M&T recognizes the importance of partnering with CIE to propel its already considerable impact. Since its creation at the end of 2019, the CIE has received more than 250 applications from startups, delivered more than 27 programs, supported 18 business ideas and helped nine companies raise more than $3.5 million in investment capital.
About M&T Bank
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s primary banking subsidiary, M&T Bank, provides banking products and services in 12 states in the northeastern United States, since Maine has Virginia And Washington, D.C. Trust services are provided in select markets in the United States and abroad by M&T’s Wilmington Trust affiliates and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.
About the Center for Innovation and Entrepreneurship (CIE) Harrisburg University
The Center for Innovation and Entrepreneurship (CIE) empowers innovators to create successful businesses, including Harrisburg University of Science and Technology students and faculty, as well as community entrepreneurs. In addition, the CIE offers partners the opportunity to invest in important scientific discoveries, technological innovations and academic research.
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