MADISON, Wis.—Summit Credit Union reported it has agreed to a two-year sponsor partnership with Madison start-up and entrepreneurial center 100state. Summit CU will donate $20,000 over the next two years to the program.
100state is Wisconsin’s largest co-working community. “The Madison-based nonprofit supports innovative professionals and ideas aiming to solve the problems facing local people, businesses and organizations,” Summit CU said.
Founded in 2013 by a group of Madison change-makers working in a train car, today 100state helps nearly 300 entrepreneurs bring their ideas to life, SCU added.
“100state’s co-working community model is a great example of people coming together to foster entrepreneurship and make meaningful contributions to their community,” said Summit CEO and President Kim Sponem in a statement. “It really reflects the co-operative spirit of our credit union. We’re excited to support these local entrepreneurs and can’t wait to see the ways we can make Madison an even better place to thrive.”
Over the next two years, Summit said it will provide various resources to 100state members, including personal and business finance coaching, monthly office hours from Summit’s business services staff, special event co-hosting and financial wellness seminars.
The partnership will continue through December of 2018.