American Express Wins Inaugural Small Business Support Award
An experiment to add value for business credit card holders has won acclaim from the entrepreneurial community. Now in its third year, the American Express OPEN partnership with SCORE (the non-profit agency formerly known as the Service Corps of Retired Executives) has created numerous opportunities to connect business owners with experienced mentors. Free business coaching and special events provide SCORE volunteers with venues to dispense crucial advice to small business leaders, many of whom use American Express credit cards to help manage their cash flow.

SCORE officials told members of the press that Speed Coaching events and other workshops sponsored by American Express have already helped small business owners succeed despite a challenging economy. The agency honored American Express OPEN with its inaugural SCORE Award for Corporate Small Business Supporter of the Year. As credit card issuers find ways to build brand loyalty within the confines of new lending regulations, the American Express OPEN model continues to draw the industry's attention.

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joe

Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.