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Wells Fargo donates $20 million to help ethnically diverse small businesses in Charlotte

“Diverse small business owners play such a critical role in driving innovation and building a thriving economy through creating family-wage jobs, building a robust tax base, and spurring asset building in local communities,” said Tracey Greene-Washington, co-owner with her husband Edmund Washington, of No Grease, Inc., a men’s luxury barbershop in Charlotte that benefited from Wells Fargo’s Open for Business Fund program and opened another location earlier this year. “We believe that diverse small business owners are uniquely positioned as leaders, thought-partners, and drivers of economic innovation and are poised to play an important role in addressing economic mobility, racial wealth gap, and catalyzing generational wealth-all critical and complex issues that must be addressed for communities to compete and lead in the global economy.”

Barbershop owner toasts opening after delays

CHARLOTTE — Local entrepreneur Edmund Washington has added a bar at his newly opened No Grease barbershop at Charlotte Premium Outlets — but not before grappling with delays. The bar went live at a grand-opening event last weekend, following the debut of the shop itself around the end of August.

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Barbershop owner toasts opening after delays

Washington opened his first location at Northlake Mall in 2019, becoming the first franchisee who was not a barber.

“Strictly entrepreneur,” Washington told Axios with a smile.

  • His second barbershop opened in August at Charlotte Premium Outlets, with a grand opening scheduled for Oct. 23 from 3-8 p.m.

  • The grand opening, which is open to the public, will feature a red carpet and food by chef Siobhan Brown, Washington’s sister.

Northlake shop just the start for local entrepreneur

Edmund Washington's goal of running a business of his own is a step closer to reality with the start of demolition to make way for a No Grease! barbershop in Northlake Mall.

That homegrown chain, established more than 20 years ago in east Charlotte, started franchising in 2017. Washington says he's the first of the brand's franchisees who's not a barber — his background is in sales. For his first shop, he's partnered with Chester Robinson Jr., a barber within the No Grease! system who cuts his own son's hair.

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