THE INSTITUTE FOR CORPORATE MANAGEMENT (IFEL) AND DAVIS WRIGHT TREMAINE PARTNER SUPPORT SMALL COMPANIES WHICH ARE HAVING THE HARDEST FROM PANDEMIC TO SMALL COMPANIES NEED US INITIATIVE
The program is open to all small businesses, and especially minority-owned businesses in severely affected and marginalized communities
New York-based companies can apply at www.weareifel.org/recoveryassistance
NEWARK, NJ & NEW YORK, NY – November 17, 2020 – The Institute for Entrepreneurial Leadership (IFEL) announced today that Davis Wright Tremaine LLP will join the Small Businesses Need Us initiative as a Corporate Volunteer Partner. The Small Businesses Need Us initiative was launched by IFEL in May 2020 to create a volunteer group of business people and experts to help small businesses recover from the devastating effects of the COVID-19 pandemic. The volunteers are ready to provide practical capacity building support. They are brought together with companies based on a needs analysis and organized in cross-functional teams. The ultimate goals are business survival and success. Black and Latinx entrepreneurs are particularly encouraged to apply. All work is carried out remotely via telephone and video conference.
“We are excited to have Davis Wright Tremaine join us in this fight to save small businesses,” said Jill Johnson, IFEL CEO. “This partnership will advance the mission and bring critical resources to where they are most needed. The company’s expertise in the restaurant industry is urgently needed to address the challenges our small community restaurants are facing.”
According to the National Restaurant Association, a corporate and advocacy group that represents the interests of more than 380,000 restaurant locations across the country, the restaurant industry expects to lose up to $ 240 billion by the end of 2020. 61% of the operators surveyed state that the existing state relief is insufficient to prevent staff cuts. The Independent Restaurant Coalition found that 56% of restaurants have at least 50% new debt due to COVID-19.
“The disproportionate impact of COVID-19 on color communities makes it imperative that companies like ours take action,” said Lynn Loacker, director of Davis Wright Tremaine’s Project W initiative, which supports women entrepreneurs across the country and is particularly focused on women from Colour. “We are honored to work with IFEL to use our skills, networks and other resources – especially our highly experienced restaurant practice team – on behalf of the small businesses facing such unprecedented challenges.”
Davis Wright Tremaine LLP joins existing small business volunteer partners including KPMG, Porzio Bromberg & Newman, PC, Gibbons PC, SCORE NJ and Ellevate. To learn more, visit SmallBusinessesNeedUs.org #SBNU. Entrepreneurs are encouraged to apply for help at www.weareifel.org/recoveryassistance.
ABOUT THE INSTITUTE FOR CORPORATE GOVERNANCE
Founded in 2002, the Institute for Entrepreneurial Leadership (IFEL) is an independent, not-for-profit organization that supports economic development through entrepreneurship. We are experts in creating and implementing small business programs to support larger business development goals. Our mission is to remove the systemic barriers that prevent color entrepreneurs from accessing the knowledge, networks and capital that are necessary for business success. Visit us at https://www.weareifel.org
ABOUT DAVIS WRIGHT TREMAINE LLP
Davis Wright Tremaine LLP is an AmLaw 100 law firm with eight offices in the United States. The company is regularly recognized as an industry leader in diversity, equity and inclusion. More information is available at diversity.dwt.com.