Tag Archives: Support

minorities

University of Phoenix honored for support of women, minorities

University of Phoenix has been recognized by the Arizona Million Dollar Circle of Excellence for its exceptional efforts to support Arizona minority-owned and woman-owned suppliers. The University has been inducted as an inaugural member of the Arizona Million Dollar Circle of Excellence by the Arizona Hispanic Chamber of Commerce (AZHCC).

“As an Arizona-based business, we view supporting minority- and women-owned businesses as an essential part of our business structure,” said Dominique K. Brown, University of Phoenix corporate diversity officer. “We are thrilled to be recognized by the Arizona Million Dollar Circle of Excellence and we look forward to continuing to work with a diverse group of suppliers and businesses across the state of Arizona.”

The creation of the AZHCC’s Arizona Million Dollar Circle of Excellence was inspired by the state’s increasingly diverse consumer base and the fast-growing diversity at every level of its business community. The Circle of Excellence initiative recognizes major corporations and governmental entities that directly spend at least $1 million in purchasing goods or services from minority-owned and women-owned businesses in Arizona.

University of Phoenix was honored alongside 14 other notable Arizona businesses and organizations with an induction ceremony at the recent 2012 Minority Business Enterprise Summit, which was organized by the Arizona Hispanic Chamber of Commerce and the Phoenix MBDA Business Center, a U.S. Department of Commerce-financed organization aimed at securing large public and private contracts and financing transactions for eligible minority-owned businesses.

“The induction of University of Phoenix and other inaugural members of the Arizona Million Dollar Circle of Excellence is a historic step that reflects how our state’s economy is growing due to the influence of minority- and women-owned businesses,” said Gonzalo A. de la Melena Jr., President and CEO of the Arizona Hispanic Chamber of Commerce, which organizes and runs the Arizona Million Dollar Circle of Excellence. “This is our way of recognizing companies that are leading the way in supplier diversity.”

This latest acknowledgement of University of Phoenix’s commitment to diverse communities in Arizona comes at the heels of a recent report by the magazine Diverse: Issues in Higher Education that University of Phoenix graduates more minority students than any other university in the United States.

To learn more about University of Phoenix visit Phoenix.edu.

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Mutual of Omaha Buys Mortgages to Support Habitat Mission

A growing number of families in central Arizona now have access to affordable housing, thanks in part to a unique arrangement between Habitat for Humanity Central Arizona (HFHCAZ) and Mutual of Omaha Bank.

Mutual of Omaha Bank recently purchased more than two dozen non-interest bearing mortgages originated by Habitat for Humanity, totaling approximately $740,000. HFHCAZ has been able to immediately use the funds as capital, investing the money to help further its mission to build, renovate and repair affordable homes in partnership with families in need.

In total, Mutual of Omaha Bank has purchased nearly 250 mortgages and contributed nearly $8.1 million in capital to HFHCAZ since 2009. HFHCAZ has used that funding to provide adequate shelter to more than 500 low income families throughout central Arizona. The nonprofit organization also has invested in new land, new developments, new Re-stores and new home repair programs.

“During one of the worst recessions in history, Habitat for Humanity Central Arizona has been able to grow and triple our volume, serving hundreds of families, thanks in large part to Mutual of Omaha Bank’s support,” said Roger Schwierjohn, president and CEO of HFHCAZ. “Surviving this economic downturn and housing crisis would’ve been even more challenging without access to this important capital. Today, Habitat for Humanity Central Arizona is a much stronger and more vibrant organization because of Mutual of Omaha Bank.”

As part of its mission to provide affordable housing for low income families, HFHCAZ works to keep costs low with volunteer labor and donated materials. Once a home is built, HFHCAZ then sells the home to the new owner by asking for a minimal down payment and offering a zero-interest mortgage.

By acquiring the mortgages, Mutual of Omaha Bank has provided HFHCAZ immediate access to capital, while ensuring the mortgages are serviced by a local nonprofit that specializes in mortgage lending.

“With Habitat’s significant presence in the Valley, we saw this as a great opportunity partner with a solid nonprofit organization who invests in the local community,” said Kevin Halloran, Arizona state president for Mutual of Omaha Bank. “We are well-positioned to support and service these mortgages and are proud to help such a great non-profit like Habitat.”

For more information about Habitat for Humanity Central Arizona, visit http://www.habitatcaz.org or contact Roger Schwierjohn at (623) 583-2417.