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05/25

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Sam’s Club® Supports Small Businesses With $1.3 Million Boost to Organizations Focused on Business Development

American Red Cross, Count Me In, National Association for Latino Asset Builders and SCORE receive grants for National Small Business Week

 

BENTONVILLE, Ark., May 25, 2010– Today Sam’s Club announced the donation of more than $1.3 million in grants to four organizations in support of their entrepreneurship initiatives. The American Red Cross and Count Me In each received a grant of $500,000; the National Association for Latino Asset Builders received $250,000; and SCORE received $145,000 from the Sam’s Club Foundation.

The Sam’s Club National Giving Program works to bring opportunities to individuals in the communities it serves as well as to its members and associates. Grants are focused on youth education and entrepreneurship. Through the grants given in conjunction with National Small Business Week, Sam’s Club is promoting small business success and the entrepreneurial spirit of Americans.

“Small business owners need our support, and the nation needs small business to succeed to help advance our economic recovery, particularly women and minority-owned businesses who make up the fastest growing segments,” said Catherine Corley, vice president, Membership at Sam’s Club who also serves on the Council for Small Businessof the U.S. Chamber of Commerce. “These organizations are making an impact and helping to provide necessary tools and resources to assist in starting and growing a business, and we are pleased we can support their work and bring awareness to their efforts during National Small Business Week."   

About the grant recipients

The American Red Cross is a humanitarian organization, led by volunteers, that provides relief in times of disaster as well as education about emergencies and how to prepare, prevent and respond appropriately. The American Red Cross will use its $500,000 grant for the “Ready Ratings” program, which rates small businesses on their preparedness in case of emergency.

As the leading provider of resources, business education and community support for women entrepreneurs, Count Me In is an established resource for all women. The mission of Count Me In is to promote economic independence and the growth of women-owned businesses. The group’s $500,000 grant will be used to conduct webinars, schedule meet-ups with local entrepreneurs and fund the “Make Mine a Million” competition later this year.

With its grant of $250,000, the National Association for Latino Asset Builders (NALCAB) will implement a national campaign to highlight and advance innovative practices that support entrepreneurship and small business development, focusing primarily on Latina-owned business. NALCAB seeks to build financial and real estate assets, as well as human and technology resources in Latino families, communities and organizations.

SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow and succeed nationwide. In August 2009, SCORE announced that it would embark on a program of creating one million new businesses in the next seven years. The foundation’s $145,000 grant will allow for development and deployment of the business templates, tools and resources, both online and in print, for use in all SCORE locations across the United States and through its online resource website.

For more information on the grant recipients, please visit samsclub.com/smallbusiness.

About Sam’s Club

Sam’s Club is a division of Wal-Mart Stores, Inc., (NYSE:WMT).  The first Sam’s Club opened its doors in Midwest City, Okla., in 1983.  Today, Sam’s Club serves more than 47 million U.S. members with locations nationwide, as well as in Brazil, China, Mexico and Puerto Rico.  Sam’s Club saves its members on average 30.4 percent over grocery and specialty retailers by offering superior values on quality merchandise and services for home or work.  Saving is made simple at Sam’s Club.  Visit samsclub.com for more information.

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