Clinton, USB Hook Up to Help Small Businesses
What do you get when a former president hooks up with one of the largest wealth management companies in the world? A philanthropic partnership that is working to help small business owners in underserved communities tap into the knowledge and skills they need to support business creation and job growth.
The William J. Clinton Foundation and UBS Wealth Management Americas just announced the launch of the CEO-UBS Small Business Advisory Program. The two groups will conduct a series of financial advisory mentorship programs. Small business owners that participate in the program will receive tailored pro bono advice from a dedicated UBS financial advisor, as well as access to UBS WMA's client network of experienced business leaders and the firm's intellectual capital.
"Small businesses are our nation's most vital source of job creation. They have driven success and innovation since our country's inception and are at the core of our economy," says President Clinton. "Our partnership with UBS Wealth Management Americas will give these businesses essential new opportunities to expand and to make a positive difference in underserved communities."
The CEO-UBS Small Business Advisory Program kicks off as a six-month pilot program this summer in the New York City metropolitan area. During the pilot phase, CEO and UBS WMA will engage entrepreneurs in underserved communities, who are currently running high-growth businesses with significant potential for job creation. Over the course of the pilot, advisors and client business leaders will work together to provide strategic financial and business advice for each entrepreneur, as well as best practices for achieving growth and long-term success. What's more, UBS WMA and CEO will host a series of supplementary group workshops, providing program participants with the opportunity to garner insights from guest speakers and additional UBS professionals.
"When we launched our Revitalizing America initiative earlier this year, I said that a spirit of partnership is essential as we work to rebuild our economy. With that in mind, I am pleased that the Clinton Foundation has partnered with UBS, our advisors and our clients, so that together we can support small businesses as they pursue their growth goals," says Robert McCann, CEO of UBS Wealth Management Americas.
Check out this video that offers Clinton's ideas for fixing the economy.