News Release

Orange County SBDC Receives $150,000 Grant from the Union Bank Foundation

​Donation to Support Existing Small Businesses in Orange County

(Santa Ana)—The Orange County Small Business Development Center (SBDC) has received a $150,000 donation paid over three years from the Union Bank Foundation. This grant funding will help stimulate economic growth and job creation in Orange County by providing small businesses owners with expert consulting, effective training, and access to resources to help them grow their business.

“We are very grateful for the Union Bank Foundation’s support of the Orange County SBDC,” said Leila Mozaffari, director of the Orange County SBDC. “This generous grant will benefit our community by increasing small business revenue which equates to more people hired and a brighter future for Orange County.”

For 22 years, the Orange County SBDC has provided local small business a one-stop source for technical assistance, access to financing, business development, business resources, education and training. More than 3,000 small businesses and entrepreneurs are assisted annually. Nearly 53 percent of the center’s consulting clients are women, while 61 percent are minorities. Services are provided in English, Spanish, Vietnamese, Arabic, and Farsi. The center offers no-cost business consulting services, effective training seminars, and no-cost financial analysis and market research services that provide its clients with comprehensive, accurate market intelligence and matchmaking with buyers representing corporations and the government for targeted business expansion and growth. Since 2010, the Orange County SBDC’s total economic impact has been $105.87 million resulting in the creation or retention of 1,136 jobs.

“Union Bank is committed to helping businesses increase their revenue and the number of employees they hire,” said Union Bank Foundation Vice President Rossina Gallegos. “We recognize that empowering small businesses with the tools they need is a key element of building and sustaining strong communities.”

The Union Bank Foundation, a nonprofit public benefit corporation, serves as an agent for charitable contributions made by Union Bank. Established in 1953, the foundation has, throughout its history, supported the bank’s commitment to help meet the needs of the communities it serves.

The technical assistance grant from the Union Bank Foundation will focus on helping existing businesses increase their revenue, create and retain jobs, gain access to credit and develop economic growth in low-to-moderate-income communities.

For more information about the Orange County SBDC, call (714) 564-5200 or visit www.ocsbdc.org .

About the Orange County SBDC
The Orange County Small Business Development Center (Orange County SBDC), an economic development program of Rancho Santiago Community College District, is partially supported by the U.S. Small Business Administration (SBA), the California State University, Fullerton and the California Community College Chancellor’s Office. The Orange County SBDC is a one-stop source for business development, expansion strategies, contracting opportunities and access to capital.

About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $97 billion at March 31, 2013. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 443 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on March 31, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information.

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Contact: Judy Iannaccone

Phone: (714) 480-7503

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