JP Morgan Chase Helped Kick Off Phoenix Startup Week With Nearly $1 Million Dollars In Grants
Startup Week spring season is in full effect. Cities across the country are having week long startup and entrepreneurship celebrations, conferences, talks, lectures, and contests. Startup Week is put on by Techstars LLC, after morphing from Startup America, Startup Weekend, Up Global, and Techstars. JP Morgan Chase is the signature business sponsor/partner for Startup Weeks across the country.
Chase awarded $925,000 in eight grants to organizations that provide programs to assist underserved entrepreneurs, including women and minority small businesses, throughout the state. That number is over double what they handed out at the kick-off of last year’s Phoenix Startup week. This past September, Chase handed out $240,000 in grants at Denver’s Startup Week.
This is the third year that Chase has been the national sponsor for Startup Week. “Startup Week celebrates the entrepreneur and connects them to essential local support systems,” said Scott Geller, CEO of Chase Business Banking said when the partnership kicked off in 2014., which serves 2.3 million small businesses across the country. “We are thrilled to help expand this innovative, community-led program that informs and inspires everyone in the entrepreneurial ecosystem.”
The eight organizations that received grants this year are:
- Accion received $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 received $100,000 to support programs providing training and technical assistance for underserved entrepreneurs.
- Arizona State University Foundation “Prepped” Program received $145,000 for its 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 received $150,000 to support lending programs for underserved entrepreneurs.
- Nogales Community Development Corp. received $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 and Santa Cruz County.
- Northern Arizona Center for Entrepreneurship and Technology received $100,000 to this Flagstaff-based organization to support its programs for underserved entrepreneurs.
- Seed Spot received $105,000 for programs to provide training and technical assistance to underserved entrepreneurs.
- University of Arizona Foundation’s Eller Economic Development received $100,000 to support community programs for training and technical assistance for underserved entrepreneurs in Tucson.
Startup Week’s continue next week in San Antonio, Texas and Fort Collins Colorado. You can check out the whole schedule here.