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Business Banking

Chase for Business Celebrates 2017 National Small Business Week

CEO Jamie Dimon kicks off series of local, online events during the week of April 30 to May 6.

New York May 1, 2017 JPMorgan Chase CEO Jamie Dimon will join 500 business customers in Los Angeles to mark the start of National Small Business Week. The week-long celebration for small businesses is a signature event of the U.S. Small Business Administration (SBA) and recognizes the critical contributions of America’s entrepreneurs and small business owners. Chase is proud to be a sponsor of National Small Business Week for the fourth year in a row.

During the week, the firm is announcing $2.2 million to support underserved and minority-owned businesses throughout the U.S. as part of the firm’s three-year, $75-million commitment from its Small Business Forward initiative.

Events planned for the week celebrate Chase business clients and their achievements, as well as promote the growth of small businesses. Chase serves more than 4 million small businesses in the U.S. and is among the top SBA lenders in the country.

Every time I speak with a small business owner, I am captivated by their passion and commitment to their business. Chase has the same passion and commitment to our clients and the communities in which we serve. We are honored to celebrate the impact small businesses have on our entire country during National Small Business Week and beyond.

Andrew Kresse, CEO of Business Banking at Chase

Events marking National Small Business Week

During the week-long celebration, Chase is holding a number of events aimed at providing access to information, thought leadership and resources to small businesses. Events include:

May 1

Chase for Business Conference in Los Angeles with Jamie Dimon, ABC’s “Shark Tank” co-star Daymond John, best-selling author Mel Robbins, and local small business owners. Select programs and interviews will be shared on Twitter @ChaseforBiz.

 

Cluster Growth Strategies for City Leaders webinar with Competitive Inner City (ICIC), a national nonprofit initiative supporting U.S. inner city economies and their businesses.

May 4

Find the Hidden Money in America webinar with the SBA and SCORE, featuring self-made media mogul Nely Galán with advice on how and where to pursue the “hidden money” in America. Participants will learn about the importance of having their own money and how entrepreneurship provides a path to empowerment.

May 5

Bunker Labs’ Muster Across America event in Seattle, featuring panel discussions, a pitch competition and networking opportunities. In 2016, JPMorgan Chase provided a two-year, $1.5 million commitment to Bunker Labs, a nonprofit that supports early phase veteran-owned startups. The support has empowered Bunker Labs to host networking and pitch events throughout the country to connect veteran entrepreneurs with the resources they need to succeed.

Investments to support of entrepreneurs and small businesses

In addition to the week’s events, JPMorgan Chase is announcing $2.2 million to support the growth of underserved entrepreneurs and inner-city-based small businesses. These include:

  • A two-year $1 million investment to three nonprofits in Brooklyn, N.Y., to support the growth of 240 small businesses in the high-growth manufacturing industry with an emphasis on underserved entrepreneurs and job creation for low and moderate income persons. Recipients include Evergreen Small Food Producers Network (SFPN), the Southwest Brooklyn Industrial Development Corporation, and the Brooklyn Navy Yard (BNY).
  • A $400,000 investment to Morehouse College Entrepreneurship Center to develop a new program, Ascend 2020 Atlanta, and help grow hundreds of minority and women-owned technology companies in low income communities across Metro Atlanta. Led by the University of Washington Foster School of Business, Ascend 2020 promotes local support ecosystems for neighborhood-based businesses, inner-city and minority-owned businesses by linking business schools, business service-providing organizations and Community Development Financial Institutions (CDFIs). The goal is to help 350 businesses across six cities increase revenue by an aggregate of $1 billion over the next three years. Ascend 2020 Atlanta and Seattle and will soon be joined by four more cities: the San Francisco Bay Area, Chicago, Los Angeles and Washington, D.C.

An additional $800,000 will be announced later this week in Orlando and Jacksonville to support the start-up and expansion of microlending and financial education programs.

Chase clients honored by SBA in Arizona, Illinois and Ohio

Chase is also proud to celebrate customers who were selected as SBA “Small Business Person of the Year” for their respective states, including Extended Family Disability Services/Bella Rose in Arizona, KOVAL, Inc. in Illinois and Auto Bolt in Ohio.

All state winners will be formally recognized in Washington, D.C., on April 30 and May 1. The events are live streamed on www.sba.gov/nsbw.

For more information about Chase for Business, visit www.chase.com/business.

Cosponsorship Authorization #SBW 2017. SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any Cosponsor or other person or entity. All SBA/SCORE programs and services are extended to the public on a nondiscriminatory basis.


Media contact

Ashley Frost, ashley.c.frost@jpmorgan.com

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