WPFSI provides business training to its borrowers, business owners and those interested in starting businesses. Through this work, 250 individuals and businesses have received support from industry experts through annual business training sessions with industry experts. These training sessions are now in their eighth year. Additionally, 109 high school students have been provided with a series of 14 financial literacy classes.
WPFSI also offers financial and development technical assistance to borrowers and non-borrowers at no charge. Finally, we educate the broader community about financial issues through our monthly podcast “There’s Money Out There.”
Another WPFSI program, the WesGold Fellows (WGF) internship program, was created in 2007 in conjunction with the development of the Town Center. WGF was initially designed to increase youth awareness of and exposure to large-scale real estate development and its impact on the community. Since then, WGF has grown and expanded its mission to offer 15 deserving high school students with a paid summer internship that provides them with the skills they need to start or own their own business. To date, more than 70 students have participated in the program.
WPFSI also provides financial and development technical assistance to borrowers and non-borrowers at no charge. WPFSI has also begun an extensive walking tour of the target market businesses to ascertain capital and other business or technical assistance related needs.
The Board of WPFSI continues to monitor the effectiveness of our delivery system for the financial products and services, technical assistance, development services and training components that we typically provide to the Target Market through Community and Business Surveys and community meetings that are conducted periodically throughout the year. Furthermore, the Board has approved a Strategic Plan which includes an aggressive strategy to raise approximately $25 million over the next five (5) years to fund a new Loan Fund to meet some of the financial needs in the Target Market.