STAMFORD, Conn. – Charter Communications, Inc. today announced it will celebrate businesses in four cities in celebration of National Small Business Week. From May 1-4, Charter will host “Small Business Support, Big Community Impact” events in New York City, Columbus, St. Louis and Dallas to highlight how the company’s support impacts businesses in local communities.
“As a company, we believe in supporting businesses not just by providing them with quality products and services, but also by helping them grow and succeed through local, community-focused programs and initiatives,” said Rahman Khan, Group Vice President of Community Impact for Charter, which operates the Spectrum brand of connectivity services. “National Small Business Week provides an important opportunity to recognize small businesses and the impact they make on the local communities where our customers and employees live and work.”
Charter will kick off its National Small Business Week celebrations on May 1 in New York City with an event featuring an appearance by and remarks from U.S. Under Secretary for Commerce for Minority Business Development Donald J. Cravins, Jr. On May 2 in Columbus, the company will announce an additional $1 million investment in the Economic and Community Development Institute (ECDI) through its Spectrum Community Investment Loan Fund, to provide loans to small businesses in rural Ohio. The new investment is part of more than $185 million in support Charter has provided small businesses since 2020. This support also includes new customer promotions, complimentary advertising and access to expert resources, which has helped more than 427,000 businesses throughout Charter’s 41-state footprint to overcome pandemic challenges and flourish in an increasingly competitive marketplace.
“Small, minority, and women owned businesses are the driving force of our Nation’s economy,” Under Secretary Cravins said. “As a product of small business owners, I experienced the unique challenges they face. And I saw first-hand how tirelessly they work to uplift their communities and drive our economy forward. The U.S. Department of Commerce, the Minority Business Development Agency, and the Biden-Harris Administration are dedicated to helping small business owners thrive, delivering billions of dollars in resources, relief, and capital support to small businesses throughout the country. It’s also important for companies like Charter to step up and help provide the resources and support these entrepreneurs need to succeed. I commend Charter for their leadership and dedication to small businesses, and I look forward to continuing to work together to support these critical engines of economic growth and prosperity.”
Charter Strengthens Local Communities with Small Business Support Programs
With more than 2.2 million small business customers nationwide, as of the end of 2022, Charter’s support for small businesses extends beyond the products and services it provides and includes a philanthropic and local community perspective. Every year, hundreds of multicultural business customers benefit from expert advice and complimentary advertising offered by Charter’s advertising sales business, Spectrum Reach, through its Pay It Forward initiative. The Spectrum Community Investment Loan Fund provides loans for small businesses in underserved communities through community development financial institutions (CDFIs). To date through the Loan Fund, Charter has made commitments to CDFIs in 14 states, including an initial $1 million investment to the ECDI in Columbus in 2020 and the additional $1 million commitment announced today.
Additionally, Charter’s Supplier Diversity program seeks out diverse suppliers to support its business growth and enhance its products and services for customers. Finally, Spectrum Business, Charter’s brand serving small and medium-sized business customers, offers free web resources, advice and insights for customers and non-customers alike.
At each “Small Business Support, Big Community Impact” event, representatives from Charter will spotlight a local business and highlight Spectrum Business as well as the company’s Pay It Forward, Spectrum Community Investment Loan Fund and Supplier Diversity initiatives. In New York City on May 1, in addition to the appearance by Under Secretary Cravins, Chocolat Restaurant & Bar will be the featured local business at the event hosted by Spectrum Reach. In Columbus on May 2, Dos Hermanos and MMELO Boutique Confections will be highlighted along with the Loan Fund. In St. Louis on May 3, That’s So Good pop up buffet will be featured along with Supplier Diversity. The featured business for the May 4 event in Dallas will be Hurtado BBQ, a Spectrum Business customer. The invite-only events also will feature panel discussions and networking opportunities with business owners, local community leaders and state officials.
More information about Charter’s products and services for small and medium-sized businesses is available here.
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The Company also distributes award-winning news coverage and sports programming to its customers through Spectrum Networks. More information about Charter can be found at corporate.charter.com.