Wells Fargo & Co. gave a $10,000 grant to EDCO Ventures, an economic development nonprofit group focused on encouraging entrepreneurship and job creation.
The contribution will support the group's initiatives in Central Texas and on the Texas border, which provide technical assistance, pre-seed capital investment and capitalization assistance to technology startups and other enterprises in economically distressed communities.
"EDCO is a young organization with an ambitious agenda and an innovative approach towards economic development," said Theresa Alvarez, a community development officer for Wells Fargo. "Their current projects can yield a substantial impact to the communities in which they reside. We are happy to play an early role in this social venture."