JPMorgan Chase Announces $30 Million for Small Business Network Growth

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JPMorgan Chase Announces $30 Million for Small Business Network Growth

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Global Strength, Local Impact is a quarterly update that highlights the ways JPMorgan Chase is using our scale, resources and expertise to make a positive impact in the communities where we live and work. Welcome to the second quarter 2014 update.

In addition to the highlights below, the firm released its 2013 Corporate Responsibility Report in the second quarter. Click here to read the report.

Wednesday, July 30, 2014 - 6:00pm

CAMPAIGN: Global Strength, Local Impact

CONTENT: Newsletter


  • JPMorgan Chase Announces $30 Million for Small Business Network Growth
    Small Business Forward is a new five-year, $30 million grant program from the firm to boost small business support networks that help growing enterprises in specific industries. This commitment will connect entrepreneurs with critical resources such as facilities, investors and skilled employees to help them grow, create jobs and strengthen communities. 
  • JPMorgan Chase Deploys Initial Investments on $100 Million Commitment to Detroit
    The firm announced the launch of the Home Restoration Program with Liberty Bank to provide rehab financing for Detroit residents who purchase homes through the city’s auction. With this and other investments, JPMorgan Chase has now put $20 million of its $100 million, 5-year commitment to Detroit, which was announced in May, to work with local community partners supporting economic development, blight reduction, workforce development and small business growth.
  • Helping People Increase Savings, Improve Credit and Build Assets with the Financial Solutions Lab
    The Financial Solutions Lab is a new platform created by JPMorgan Chase to help consumers increase savings, improve credit and build assets. Managed by the Center for Financial Services Innovation (CFSI), the Lab will work with leading social innovators to identify, test and scale technology-enabled financial products and services for low- and moderate-income consumers.
  • NatureVest: A Landmark Conservation Finance Initiative
    The Nature Conservancy and JPMorgan Chase are collaborating to create NatureVest, which will seek to transform the way we protect natural capital - the soil, clean air and water, and other valuable resources that nature provides. NatureVest will capitalize on the growing impact investment sector to create a platform to advance investment in conservation.


A joint project of Brookings and JPMorgan Chase

  • FDI in U.S. Metro Areas: The Geography of Jobs in Foreign-Owned Establishments
    New Brookings research supported by the Global Cities Initiative provides a first-of-its kind analysis of where jobs in foreign-owned businesses are located and examines the role that foreign investment can play in helping to rebuild local economies.

    The Global Cities Initiative brought business, community and government leaders together in three cities this quarter to discuss strategies for economic growth:

A coalition of business and government leaders announced that the Central Puget Sound region is joining a pilot program to attract foreign direct investment as part of the Global Cities Exchange. After the forum, leaders from Seattle joined economic development colleagues from five other cities in a working session, where they discussed developing their foreign direct investment plans.

This GCI forum featured a dialogue on global trade with former Ambassador Carla Hills and former Secretary of Commerce William Daley. U.S. Commerce Secretary Penny Pritzker also joined the forum via satellite to announce the launch of the next phase of the National Export Initiative and recognized “metropolitan leaders who are developing global trade and investment strategies through [GCI and] are at the forefront of this important effort that will strengthen our economy.”

Leaders from the Louisville-Lexington region came together to discuss the importance of a strong workforce and an innovative manufacturing sector. The forum focused on priorities identified through the Bluegrass Economic Advancement Movement – a joint regional business plan to grow the economy, increase trade and investment, and create quality jobs by building on shared manufacturing assets.


  • Ashoka Launches Its 2014 Impact Programme in Bern
    J.P. Morgan is working with Ashoka to help 10 social enterprises in Switzerland build their capacity and scale up their social and environmental impact through the Impact Programme. Participating enterprises address a range of issues, from creating access to work for young mothers, to creating a CO2 benchmarking system for the food industry.
  • A South African Success Story: Program for Small & Medium Enterprises Surpasses Expectations
    J.P. Morgan's two-year pilot for South African Small and Medium Enterprises has achieved its established objectives, with all participants still in operation and a 27% median annual revenue increase overall. With the conclusion of the program, a new business development services analytics platform is being built that will transform C4G into an independent not-for-profit organization.


  • The Reinvestment Fund to Bring $100 Million to Healthy Food Businesses in Underserved Communities
    The Reinvestment Fund announced it will generate $100 million in new financing to scale up its ReFresh initiative, a national network of partnerships engaged to improve access to healthy foods in communities where long-standing barriers exist, making it difficult for residents to live healthier, more stable lives. The JPMorgan Chase Foundation is also among ReFresh’s first partners supporting an effort to expand healthy food financing.
  • Chase Receives $60 Million in New Markets Tax Credit Award 
    The latest round of New Markets Tax Credit (NMTC) allocations will enable Chase to further expand its investment to support jobs and service in low-income communities across the U.S. Chase has received eight NMTC awards over the last nine rounds since the program began 14 years ago.
  • MyBnk Launches Impact Centre
    MyBnk partnered with J.P. Morgan to launch its new Impact Centre, which will provide financial education and improve financial literacy among young people across the U.K.
  • Chulalongkorn Business School partners with Townsend Thai Project and J.P. Morgan to launch ‘Financial Communication Center’ 
    Chulalongkorn Business School, in collaboration with the Townsend Thai Project and the JPMorgan Chase Foundation, announced a new Financial Communication Center that aims to equip Thai households with financial management capabilities. The Center is building a knowledge platform and training financial advisers to provide educational services regarding financial management to people in rural communities.



  • 100,000 Jobs Mission Hires 140,832 U.S. Military Veterans 
    Companies in the 100,000 Jobs Mission hired a total of 140,832 U.S. military veterans through the first quarter of 2014—putting the coalition well on the way to beat its doubled goal of hiring 200,000 by 2020. In addition, the 100,000 Jobs Mission is expanding its efforts to hire military spouses and launched a networking tool called the Military Spouse Talent Exchange, an online portal to get the resumes and profile information of spouse job seekers in front of participating 100,000 Jobs Mission companies.
  • JPMorgan Chase Pledges $20 Million to Support U.S. Military Veterans and Their Families 
    Under a new initiative First Lady Michelle Obama introduced in May, JPMorgan Chase pledged $20 million to help U.S. military veterans and their families. The pledge builds upon the firm's existing programs and initiatives for military veterans focused on employment, education and housing.
  • JPMorgan Chase Employees Participate in 2,000 Mile, 27-Day National Relay to Remember the Fallen 
    Nearly 500 JPMorgan Chase employees participated in a national relay called “Carry the Load,” which started at West Point in N.Y. on April 29 and culminated in Dallas over Memorial Day weekend. Carry the Load is a nonprofit organization with the vision to restore the true meaning of Memorial Day by connecting Americans to the sacrifices of the nation's military, law enforcement, firefighters and rescue personnel. Employees marched alongside veterans, servicemembers, first responders, family members and civilian supporters in over 10 cities across the country to remember the fallen.
  • JPMorgan Chase Turns Attention to Women Veterans
    JPMorgan Chase supported the participation of more than 200 women veterans and military spouses in Syracuse University's Veteran Women Igniting the Spirit of Entrepreneurship program (V-WISE) this June. V-WISE was developed by Syracuse University's Whitman School of Management with support from the U.S. Small Business Administration and provides cutting-edge entrepreneurship training to women veterans looking to start a business venture.

    JCMorgan Chase also partnered with John Jay College of Criminal Justice to host a Women Veterans Symposium on June 25 covering topics such as entrepreneurship, health care and wellness and translating military work experience to civilian employment. The firm shared its Transition Field Guide for Veterans with audience members.

Keywords: Business & Trade | Chase | Corporate Responsibility | Finance | Global Health | Global Strength Local Impact | JPMorgan | JPMorgan Chase | Veterans | banking | military

CAMPAIGN: Global Strength, Local Impact

CONTENT: Newsletter