How Austin FC and Q2 Stadium is changing lives through $250k social funding

Major League Soccer (MLS) side, Austin FC, has marked their start to life in the league with their commissioning and move in a new, ultra-modern stadium called the Q2 Stadium. The 20,738-capacity soccer-specific stadium is located in North Burnet, North Austin, Texas, United States. The stadium will be the home ground for Austin FC which started their MLS sojourn in June 2021.

The $260m worth stadium was built by the architectural company, Gensler with many technological features that reflect the young and tech-forward population of the North Austin area. The stadium is privately owned, funded by the Austin FC team operator, Precourt Sports Ventures. In January 2021 Austin FC entered into a naming rights agreement with a local online banking company, Q2 Holdings for the naming rights to the Stadium, thus, becoming Q2 Stadium. This partnership started a social mission between Q2 Holdings and Austin FC. 

Q2 Holdings and Austin FC social mission through digital banking and entrepreneurship

As stated by Q2 Holdings, their social mission is to build strong and diverse communities by strengthening their financial institutions. They would achieve this through the provision of digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies as well as Austin-based entrepreneurs.

To achieve this, Q2 Holdings launched two programs that would provide funding to different categories of people and organisations. The first one is the Charitable Giving Program that will see Austin FC and Q2 Holdings give out $150,000 to Austin-based non-profits. Another one is the Dream Starter Competition where numerous Austin-based entrepreneurs would compete for the chance to win $100,000 in funding. Through these schemes, Austin FC, Q2 Holdings and Q2 Stadium are living up to their Corporate Social Responsibility mission.