Boost for Molokai Auto Parts
By Catherine Cluett Pactol | Editor
Molokai Auto Parts, which has helped the island fill its automotive supply needs for the past four years in Kaunakakai, just got a boost to its financial engine. The business was awarded as a recipient of a $10,000 grant from American Savings Bank and Fiserve’s Back2Business program.
“[They were] selected as the distinguished recipient of this grant for their remarkable business and community contributions, especially during the COVID-19 pandemic,” stated an ASB press release.
The Back2Business program supports minority-owned small businesses through grants, coaching, networking opportunities and access to technology. The program has made a $50 million commitment, and since 2020, has awarded more than 1,600 grants to diverse-owned small businesses in the U.S. and the United Kingdom.
“We are honored and excited to receive the Back2Business grant from American Savings Bank and Fiserv,” said Lani Ozaki, owner of Molokai Auto Parts. “The pandemic impacted us in significant ways, from supply chain issues that presented challenges with supplying much-needed products to the island to a dangerous drop in revenue, however, that did not deter us from finding ways to continue giving back to our customers and the community. This grant will allow us to enhance our inventory and upgrade technology, ultimately enhancing the customer experience and drive growth.”
Molokai Auto Parts was selected for its exceptional commitment to customer service. It also stood out from the competitive pool of grant applicants for the crucial role it plays in serving the community’s automotive needs. Since 2019, the store has been an essential source of support for Molokai, providing quality automotive parts and accessories, while fostering strong relationships with local customers, according to the release.
“American Savings Bank and Fiserv share a commitment to giving back with a focus on enhancing the future of communities where we have a presence,” said Neil Wilcox, Head of Corporate Social Responsibility at Fiserv. “We are honored to partner with the bank to recognize Asian American and Pacific Islander Heritage Month and award a Back2Business grant to Molokai Auto Parts, which will also receive a technology makeover with our Clover point of sale and business management system specifically designed to meet the needs of small businesses.”
An awards ceremony was held on May 24, and as a Back2Business grant award recipient, Molokai Auto Parts will also receive access to resources, including complimentary small business coaching and community partnerships.