Ask any entrepreneur and they’ll tell you the same thing: living the startup life isn’t easy. Between the long nights, the stressful days, and the constant search for capital, starting a business is a lot harder than some people make it look. Fortunately, there are people and organizations in the world willing to help out in meaningful ways. And JPMorgan Chase is apparently one of those organizations.
After kicking off Phoenix Startup Week, JPMorgan Chase announced that they would be providing $925,000 in philanthropic grants to non-profit organizations that provide programs to assist entrepreneurs that are underrepresented in their respective fields. While providing everything from training to technical assistance, these programs are doing their part to transform the entrepreneurial vision one micro-loan at a time.
“We’re thrilled to return as title sponsor of Phoenix Startup Week for the third year, and excited to announce almost $1 million in grants to support nonprofits that assist underserved entrepreneurs, including women and minority small businesses, throughout Arizona,” said Curtis Reed, region manager for Chase’s Middle Market banking in Arizona.
Chase’s involvement in the startup world is undeniable. With dozens of Startup Weeks under their belt, Chase has contributed to the success of thousands of startups through advice, support, and investment. And the organizations they are investing in now are definitely worth the capital.
“We are committed to helping startups and entrepreneurs achieve their goals,” said Reed. “So I encourage you to work with these organizations, seek them out so that you can get the resources that you need.”
If you’re interested in learning more about the non-profits receiving these grants, take a look at them below and head on over to Phoenix Startup Week today:
Accion – $125,000 to support outreach and small business development services throughout Arizona to underserved entrepreneurs who desire self-sufficiency but face barriers in qualifying for loans through traditional credit avenues.
Arizona Hispanic Chamber of Commerce Foundation – $100,000 to support programs providing training and technical assistance for underserved entrepreneurs.
ASU Foundation “Prepped” Program – $145,000 for “Prepped,” a community program that works with new and existing underserved mobile food entrepreneurs to help them advance their businesses.
Chicanos Por La Causa’s subsidiary Prestamos – $150,000 to support lending programs for underserved entrepreneurs.
Nogales Community Development Corporation – $100,000 to support its Business Loan Program, which facilitates neighborhood-based commerce by providing credit and related services to business owners in the underserved markets of Nogales, Ariz., and Santa Cruz County, Ariz.
Northern Arizona Center for Entrepreneurship and Technology (NACET) – $100,000 to this organization, based in Flagstaff, Ariz., to support its programs for underserved entrepreneurs.
SEED SPOT – $105,000 for programs to provide training and technical assistance to underserved entrepreneurs.
University of Arizona Foundation – Eller Economic Development – $100,000 to support community programs for training and technical assistance for underserved entrepreneurs in Tucson.
This article is part of a Startup Week content series brought to you by CHASE for BUSINESS. Startup Week is celebration of entrepreneurs in cities around the globe. CHASE for BUSINESSis everything a business needs in one place, from expert advice to valuable products and services. Find business news, stories, insights and expert tips all in one place at Chase.com/forbusiness. Read the rest of our Startup Week series.