NORTH MANKATO, Minnesota–(BUSINESS WIRE)–Taylor Corporation has joined a coalition of like-minded businesses, including The ODP Corporation, JPMorgan Chase and NCR Foundation, to support small businesses through Elevate Together®, a nonprofit initiative designed to accelerate business creation, black growth and prosperity. and small Hispanic businesses. The program, powered by Round It Up America®, is now in its second year and has invested nearly $3 million in its mission to date.
Elevate Together was launched in 2021 by founding corporate partner, The ODP Corporation, to address systemic discrimination and historic racial disparities in business growth and profitability in Black and Hispanic communities. Under this initiative, eligible small business owners have access to technical assistance, mentorship, professional networks and more. Some businesses may also receive direct assistance in the form of cash grants, products and services.
With support from Taylor Corporation, the newest business partner of the Elevate Together® initiative, the program now operates in Minneapolis through partnerships with the Metropolitan Economic Development Association (Meda) and the Minnesota Latino Chamber of Commerce.
“Taylor Corporation is proud to be an Elevate Together partner with The ODP Corporation and Round It Up America®,” said Charlie Whitaker, CEO of Taylor Corporation. “We are also proud to be active providers of the mentoring and professional training activities that Elevate Together develops and develops for its selected business owners. We look forward to expanding this participation as the initiative expands nationwide in the future.
Small businesses are the engine of Minnesota’s economy. According to the US Bureau of Labor Statistics, 99.5% of businesses in the state are small businesses, with more than 11% owned by blacks and Hispanics.
“Cooperation of this caliber is needed to challenge systemic discrimination and systems of disparity,” said Meda President and CEO Alfredo Martel. “We are proud to partner with a program designed to accelerate the growth and prosperity of BIPOC-owned small businesses. We hope that by supporting BIPOC entrepreneurs, we will increase the economic stability of entire communities.
“The Minnesota Latin American Chamber of Commerce is thrilled to see the Elevate Together initiative impacting our members. We are thrilled to have a local Minnesota company like Taylor Corp join us in our efforts to promote and help Latin American businesses grow in Minnesota,” said John Pacheco, president of the Latino Chamber of Minnesota. .
“With support from Taylor Corporation and the Latin American Chamber of Commerce teams in Minnesota and Meda, we are excited to help connect Black and Hispanic-owned small businesses in Minneapolis with new business opportunities. education, access and support through Elevate Together.®,” said Alex Price, director of community investment for Office Depot, a wholly owned subsidiary of The ODP Corporation.
About Elevate Together®:
Elevate Together® powered by Round It Up America® is a nonprofit initiative designed to address systemic discrimination and historic racial disparities in business growth and profitability in Black and Hispanic communities. Through a partnership with the National Urban League, the U.S. Hispanic Chamber of Commerce, and Meda, the initiative provides education, access, and assistance to Black and Hispanic small businesses. Founded by The ODP Corporation, Elevate Together is backed by a coalition of like-minded businesses with a mission to strengthen local communities, foster job creation and close the racial wealth gap. Learn more at www.elevatetogether.org.
About Taylor Corporation:
Taylor Corporation is one of the top five graphic communications companies in North America. Based in North Mankato, Minnesota, the company employs more than 8,000 people in 32 states and eight countries and has more than 110 granted patents and pending applications in various fields of materials science and solutions engineering. For more information, visit www.taylor.com.
About the Metropolitan Economic Development Association (Meda):
Meda was founded by a group of Minnesota business leaders who saw BIPOC business ownership as a positive, long-term response to the growing economic inequality within our state’s minority communities. Meda provides business development services, access to capital, and corporate and government market support to BIPOC entrepreneurs. Over the years, Meda has helped launch over 500 BIPOC businesses and helped over 25,000 Minnesota BIPOC entrepreneurs. Meda operates a growing community development fund institution (CDFI) that provides the capital necessary for minority businesses to become sustainable. Meda is also the host organization for the Minneapolis Minority Business Development Agency (MBDA) Business Center, which was recognized by the MBDA as the top performing center for four consecutive years from 2016 to 2019. For more information, visit meda.net.
About the Latino Chamber of Commerce of Minnesota:
The Minnesota Latin American Chamber of Commerce is a 501c6 member advocacy organization whose purpose is to bring business, government, business, and community together for the economic growth of Latin American businesses in Minnesota.
About ODP Company:
ODP Corporation (NASDAQ:ODP) is a leading provider of digital workplace technology services and supplies, products and solutions for small, medium and large businesses through an integrated business-to-business (B2B) distribution platform, which includes world-class supply chain and distribution operations, dedicated sales and technical professionals, an online presence and approximately 1,000 stores. Through its Office Depot®, OfficeMax®, ODP Business Solutions™, Varis™ and Grand&Toy® banners, as well as others, the company provides customers with the tools and resources they need to focus on their passion to start, grow and run their business. For more information, visit news.theodpcorp.com and investor.theodpcorp.com.
ODP, ODP Business Solutions and Office Depot are trademarks of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. Varis is a trademark of Varis, LLC. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2022 Office Depot, LLC. All rights reserved. All other product or company names mentioned herein are trademarks of their respective owners.