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November 24 2015

Recognizing Entrepreneurship Month, Operation HOPE Founder Travels to Washington, DC to Sign Two Agreements Promoting Business Development

John Hope Bryant to meet with the Small Business Administration and the Minority Business Development Agency on November 30th to sign agreements

Operation HOPE (HOPE) Founder and CEO John Hope Bryant will join SBA Associate Administrator for Entrepreneurial Development Tameka Montgomery and the Deputy Assistant Administer for Communications & Public Liaison Mina Wales at the U.S. Small Business Administration on Monday, November 30, to recognize Entrepreneurship Month by signing a Strategic Alliance Memorandum of Agreement (SAM).  Bryant will also meet with Alejandra Y. Castillo, Minority Business Development Agency National Director at the U.S. Commerce Department to sign a Memorandum of Agreement.  Both agreements will help support the next generation of American entrepreneurs. The official signings will take place at the official headquarters of U.S. Small Business Administration and U.S. Department of Commerce Building in Washington, DC.

The purpose of the SAM is to continue fostering the mutual understanding and a working relationship between the SBA and Operation HOPE in order to strengthen and expand small business development. The SBA SAM is designed to spur economic development through small business growth, and to improve entrepreneurial education that advances greater access to capital, expanded technical assistance and access to programs that promote wealth and self-sufficiency.

The signing with the Castillo will represent the first MOU between the MBDA and Operation HOPE. The document will help HOPE promote its services to minority-owned businesses. MBDA, is the only Federal Government agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses. For 45 years the MBDA continues to be a dedicated strategic partner to all U.S. minority-owned businesses, committed to providing programs and services that build size, scale and capacity through access to capital, contracts and markets. 

“During National Entrepreneurship Month, we reaffirm our mission to turn business dreamers into business owners,” says Bryant. Entrepreneurship plays a central role in creating jobs and economic opportunity. Operation HOPE is committed to supporting President Obama’s vision for helping American businesses grow strong and prosper.”

Headquartered in Los Angeles, Operation HOPE is rated a 4-star charity by Charity Navigator, for transparency and accountability, establishing HOPE as a best-in-class organization. Since 1992, Operation HOPE has promoted financial dignity through financial literacy and educational tools in underserved communities. Through its core portfolios, the organization has provided youth and adult financial literacy, encouraged economic preparedness and digital empowerment, promoted homeownership, and assisted with foreclosure prevention to more than 2.5 million individuals, families, and small-business owners. It is currently focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities, as a part of its “silver rights” mission to make free enterprise work for everyone.