73 • Teaching people in all stages of life about the basics of responsible money management, including how to create a budget, save and invest, borrow responsibly, buy a home, and establish a small business with Hands on Banking ®, or “El futur o en tus manos® .” Small business growth Small businesses are an important driving force in job creation and thriving communities . We continue to intensify our efforts to provide entrepreneurs with technical assistance and increased access to affordable sources of capital and training so they can grow, build assets, and create local jobs . Examples of our commitment to support the small business community include: • In July 2020, Wells Fargo established the Open for Business Fund . The Fund provides grants for Community Development Financial Institutions (CDFIs ) and other nonprofit organizations that serve diverse small businesses, including Black, African American, Hispanic, Asian American, Native American, and other entrepreneurs . Through our Open for Business Fund, we’re providing capital, technical support, and long-term resiliency programs to nonprofits that serve small businesses . The first $250 million will go to nonprofit lenders or CDFIs who focus on minority- owned businesses that have been disproportionately affected by the pandemic . We deferred approximately $420 million of SBA processing fees in 2020 that will be recognized as interest income over the terms of the loans . We voluntarily committed to donate all of the gross processing fees received from PPP loans funded in 2020 . Through June 30, 2021, we donated approximately $234 million of these processing fees to nonprofit organizations that support small businesses . • Through Wells Fargo’s Diverse Community Capital program , a five-year, $175 million collaboration with Opportunity Finance Network, we have provided debt and philanthropic capital to support more than 90 CDFIs that provide access to capital and technical assistance to diverse small-business owners in rural and urban communities . Sustainability and environmental justice Climate change is one of the most urgent environmental and social issues of our time and we believe that collective action is needed to accelerate a just transition to a low-carbon economy and minimize the impact on vulnerable communities . • The Wells Fargo Innovation Incubator (IN2) aims to accelerate the path to market for promising clean technology, sustainable agriculture, and residential housing startups funded by the Wells Fargo Foundation and co-administered by the U .S . Department of Energy’s National Renewable Energy Laboratory (NREL) and the Donald Danforth Plant Science Center . Since 2014, IN2 has supported 46 companies that have each received $250,000 in non-dilutive funding which led to an additional $568 million in funding from external sources . • We supported solar energy projects in tribal communities through the GRID Alternatives Tribal Solar Accelerator Fund , launched with seed funding from Wells Fargo .