WASHINGTON, May 13, 2016 /PRNewswire-USNewswire/ -- Twenty-five years ago, as its founders established the Association for Enterprise Opportunity (AEO) to help entrepreneurs achieve their dream of business ownership, they received strong support from the Charles Stewart Mott Foundation, a philanthropy dedicated to promoting a just, equitable and sustainable society.
AEO is proud to recognize the Charles Stewart Mott Foundation with its prestigious Impact and Investment Award. The Mott Foundation will receive the award during AEO's National Conference and 25th Anniversary Celebration on May 18-20 at the Hyatt Regency Washington, D.C. on Capitol Hill.
The Mott Foundation was the first institution to invest in AEO. It has consistently supported the organization, providing much needed funding to enable AEO and its members to support the aspirations of those in underserved communities. In so doing, the Mott Foundation has played a critical role in the expansion of microbusiness opportunities for families and individuals across the U.S. The Mott Foundation's core belief has been that economic participation is critical to moving low-income Americans toward greater prosperity. It is a pillar that guided the Mott Foundation's programming that addressed poverty in the U.S.
"Millions of Americans dream of realizing financial success through small businesses," said Connie Evans, AEO's President and CEO. "Through its support for Main Street businesses and microbusinesses, the Charles Stewart Mott Foundation helped to pump life into the hopes and aspirations of so many Americans. AEO proudly honors their dedication and commitment."
Furthermore, Ms. Evans said, "With the generous support of the Charles Stewart Mott Foundation, the Association for Enterprise Opportunity has been able to advance the microbusiness field, while expanding opportunities for entrepreneurship and helping a new generation of entrepreneurs overcome barriers, as well as assisting underserved entrepreneurs and business owners in starting, stabilizing and expanding businesses."
Microbusinesses are small ventures of five employees or less, often led by women and people of color. With the support of the Charles Stewart Mott Foundation and others, AEO is able to help people realize their dreams and become business owners. The Mott Foundation has been instrumental in supporting AEO's efforts to ensure that Americans all across the economic spectrum have access to critical resources and services that allow them to create wealth, assets and healthy communities.
Because of the generosity and vision of The Charles Stewart Mott Foundation, AEO and its members have been able to promote business ownership, empower Main Street business owners and expand microbusiness development as a solution for reducing poverty.
About Association for Enterprise Opportunity (AEO)
The Association for Enterprise Opportunity (AEO) is the voice of innovation in microbusiness and microfinance in the United States. For 25 years, AEO and its more than 450 member/partner organizations have helped millions of entrepreneurs contribute to economic growth while supporting themselves, their families and their communities. AEO members and partners include a broad range of organizations that provide capital and services to assist underserved entrepreneurs in starting, stabilizing and expanding their businesses. Together, we are working to change the way that capital and services flow to underserved entrepreneurs so that they can create jobs and opportunities for all. Learn more about The Association for Enterprise Opportunity at http://www.aeoworks.org/
Michael K. Frisby
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SOURCE Association for Enterprise Opportunity (AEO)