UBS Wealth Management Americas has teamed up with the William J. Clinton Foundation to add the advice of its financial advisors to entrepreneurs’ businesses to fuel job creation.
The six-month pilot program, launched this week in the New York City metropolitan area, includes 10 entrepreneurs in areas including Brooklyn, Harlem, Long Island City, and Newark. Each entrepreneur has been matched with a financial advisor and client team that will provide pro bono financial and business advice.
“By providing the knowledge and skills necessary to support these promising individuals as they pursue their goals, we hope to help revitalize the most critical engine of job creation in America -- our small businesses,” UBS Wealth Management Americas Chief Executive Robert J. McCann said in a statement.
The pilot is part of a philanthropic partnership established between UBS Wealth Management Americas and the Clinton Foundation’s Clinton Economic Opportunity Initiative, or CEO, in June. The CEO program works to support entrepreneurship and business-to business public service in underserved communities in the U.S.
The new effort is also part of UBS Wealth Management Americas’ Revitalizing America Initiative set to include speaking engagements and programs throughout this year to address concerns about U.S. economic growth.
The entrepreneurs involved in the program represent businesses that had $8.44 million in average annual revenue in 2010 and employed 400 people as of the end of last year.
The participants include Julie Azuma of Different Roads to Learning, Inc., a company focusing on educating autistic children; Dinesh and Josh Boaz, of online advertising company Direct Agents, Inc.; K.Y. Chow, of printing company GM Printing; Richelieu Dennis, of natural personal care products company Sundial Creations; Kenny Lao, of dumpling restaurant company Rickshaw Dumpling Bar; Tamara Mangum]Thomas, of human resource management company Sharpened Image, Inc.; Jose Montiel, of office products supply company Proftech, LLC; Marjorie Perry, of construction and management company MZM Construction & Management Company, Inc.; Jeffrey Smalls, of electrical contract services company Smalls Electrical Construction, Inc.; and Larry Velez, of outsourced technology services provider Sinu.