Mastercard and the City of St. Louis are helping small businesses go digital

Northampton, MA –News Direct– The Mastercard Center for Inclusive Growth

June 3, 2022 / 3BL Media / — St. Louis Mayor Tishaura Jones joined executives from Mastercard and the St. Louis Development Corporation (SLDC) at a local St. Louis small business to announce new initiatives to help local entrepreneurs grow their business by developing their digital and e-commerce capabilities.

“Equitable development happens alongside the community, not to the community,” Jones said. “Economic empowerment is key to my $150 million pledge to begin reversing decades of divestment in North St. Louis, and I appreciate SLDC and Mastercard coming together to provide small businesses in St. Louis the tools they need to grow and create good jobs in our neighborhoods. .”

Mastercard and the City of St. Louis have partnered to launch Digital Doors STL, a new online platform designed for St. Louis entrepreneurs and small business owners, providing them with always-on content and resources to help their business to develop. St. Louis-based small businesses interested in learning more can visit here.

Additionally, with support from Mastercard, Square, Sunrise by Lendio, and Accion Opportunity Fund, SLDC will provide training, tools, and resources to small businesses focused on building an effective digital presence, accepting digital payments, growing and managing their business, accessing capital, and protecting their business and their customers.

Program participants will also receive a personalized business kit including solutions such as a Square Reader for contactless and chip as well as website development software, access to Sunrise by Lendio accounting software, consultation by Accion, Mastercard cybersecurity and data analytics solutions. and other resources provided by the city.

“Mastercard is proud to partner with Mayor Jones and the St. Louis Small Business Empowerment Center to help St. Louis-based small businesses succeed and integrate them more fully into the digital economy through our Digital Doors program,” said Salah Goss, senior vice president, Mastercard Center for Inclusive Growth. “We must continue to bring resources directly to underinvested neighborhoods to kick-start an equitable recovery so small businesses can thrive online.”

“Digital Doors STL’s partnership with Mastercard provides small businesses with a new platform to learn, grow and grow their business for the long term.

Investing in our business community helps stabilize our local economy and create a more vibrant business ecosystem in St. Louis,” said SLDC Chief of Staff Daffney Moore.

As part of today’s announcement, Mastercard, in conjunction with The Fearless Fund’s Strivers Grant Competition, has awarded a $10,000 grant to Jehasheba “Hoba” Smith, CEO and Creative Director of The Wedding Florist Floral Play, based in St. Louis. Fearless Fund is providing Black women small business owners across the country with $10,000 grants, digital tools and mentorship to help them build, protect and sustain their businesses through its second annual Fearless Strivers grant competition.

“Thank you to everyone who made this grant possible. As the owner of Floral Play, I am beyond grateful for your generosity and business support,” said Smith. “Mastercard and Fearless Fund have eased our financial burden, bringing Floral Play one step closer to our goal of purchasing a new work vehicle, ensuring that our arrangements will arrive perfectly for our customers. Floral Play is committed to continuing to give to others, just as you gave to us.

In solidarity with Saint-Louis

Today’s announcement builds on Mastercard’s commitment to the City of St Louis and its residents and businesses. St Louis is one of seven cities highlighted in Mastercard’s In Solidarity initiative, a $500 million commitment to close the racial wealth and opportunity gap for Black Americans. Earlier this year, Jones and Mastercard marked the city’s first anniversary

Cops and Clinicians and 911 Diversion programs, which Mastercard has supported financially. In addition to today’s press conference, Mastercard and SLDC are co-hosting programs across St. Louis to hear from small businesses directly and work with city leaders to use data to drive inclusive economic growth. .

Media Contacts

Nick Dunne, Office of the Mayor of the City of St. Louis(314) 622-4072 | [email protected]

Avery Jaffe, Mastercard[email protected]

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections in more than 210 countries and territories, we are building a sustainable world that unlocks invaluable opportunity for all.

www.mastercard.com

Originally published by Mastercard Center for Inclusive Growth

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