CO+HOOTS Foundation, a 501(c)3 nonprofit, is downtown Phoenix’s first and largest entrepreneur collaboration hub and community. CO+HOOTS is a shared office location that promotes collaboration with like-minded individuals, professionalism, and an inspirational space that aims to help creative people and entrepreneurs flourish.
This past week, CO+HOOTS announced that they are proudly partnering with global bank BBVA Compass and national law firm Ballard Spahr LLC. This partnership is said to greatly help entrepreneurs gain access to free financial and legal advisement each month.
The deal includes BBVA Compass bankers and Ballard Spahr lawyers coming out to do doing 30 minutes one-on-one sessions once every month with local business owners. Anyone and everyone who is involved in the Phoenix startup or entrepreneurial community is eligible, and encouraged to sign up for the sessions.
The type of advisement that BBVA Compass will be providing includes things like business establishment and loans; whereas Ballard Spahr will be discussing various legal agreements.
Business needs for individuals have definitely changed over time. Odeen Domingo, CO+HOOTS Foundation co-founder, stated in a press release, “We need advocated and knowledgeable resources that are just as innovative as we are to help entrepreneurs scale in all aspects of their businesses. We’re thankful to have two incredible companies helping us achieve this.”
The small business community here in Phoenix will be well-served by this partnership because it will allow individuals to confidently focus on the areas they know while getting advice in areas they don’t with help from experienced professionals. Financial advisement helps entrepreneurs remain confident in their abilities to bring profits and success to their businesses.
“The advisement days allow us to spend time with entrepreneurs that we may not be able to connect with otherwise, and, during that time, it allows us to provide initial guidance on important issues facing their businesses,” said Travis Leach from the Business and Finance Department over at Ballard Spahr.
The CO+HOOTS Foundation Legal Advisement Days with Ballard Spahr will be on the last Thursday of each month, while the Financial Advisement Day with BBVA Compass will be on the last Tuesday of every month.
The next Financial Advisement Day is July 25th from 1:00-4:00 pm, followed by the next Legal Advisement Day on July 27th from 1:00-4:00 pm.