Press Room
JPMorgan Chase Grants ACCION $30,000 to help 175 Arizona small business owners gain financial skills and loans
JPMorgan Chase grants ACCION $30,000 to help 175 Arizona
small business owners gain financial skills and loans
small business owners gain financial skills and loans
FOR IMMEDIATE RELEASE
Contact: Lynn Trojahn, ACCION Vice President of Advancement
(505) 243-8844 ext. 5018, (505) 573-1180 cell
Mary Jane Rogers, Chase Media Relations
(602) 332-1215, (303) 244-3142
Albuquerque, N.M. (Jan. 25, 2012)–ACCION New Mexico • Arizona • Colorado (ACCION) was recently awarded a $30,000 grant from JPMorgan Chase to support the delivery of vital business credit and financial literacy training to 175 more aspiring entrepreneurs and established small business owners in Arizona.
Efforts supported by the grant include on-the-ground outreach and business development training opportunities in the greater Phoenix and Tucson areas, as well as other communities around Arizona. During the one-year grant period, ACCION will provide business development loans to more than 175 entrepreneurs around the state who are expected to create or sustain some 280 jobs through their small businesses.
“ACCION’s programs fit ideally as part of our integrated approach to economic development,” said Joe Stewart, Chairman and CEO of JPMorgan Chase in Arizona. “The ACCION donation is part of more than $500,000 in grants we’re making to support the growth and stability of Arizona’s small businesses in underserved communities.”
In partnership with non-profits such as ACCION, Chase is partnering with business schools and community-based lending institutions in Arizona to bring technical and financial resources to small business owners in greater Phoenix, Tucson and around the state.
“ACCION is immensely grateful for this catalytic grant award from JPMorgan Chase, which will allow us to support the success of hundreds of entrepreneurs across Arizona who create much-needed economic activity and employment through their new or existing small business,” said ACCION Vice President of Advancement Lynn Trojahn.
JPMorgan Chase serves more than 2 million Arizona customers through 303 branches and more than 850 ATMs. Each year, the bank donates about $4 million to local charities to help Arizona’s education, employment and economic infrastructure.
ACCION is dedicated to helping entrepreneurs and business owners fuel income generation, asset creation, employment opportunities and financial success through business ownership. The organization offers business loans between $200 and $300,000 along with training, networking and other support services to those who own or want to start a business.
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Founded in 1994, ACCION has financed the start-up, operation and/or growth of 3,297 businesses
through 5,319 loans totaling more than $34.7 million. The organization serves entrepreneurs
in 274 urban and rural communities in New Mexico, Arizona and Colorado.
ACCION’s client businesses report creating or sustaining an estimated 5,405 jobs.
Please visit us at www.accionaz.org or call 1-800-508-7624.
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Please contact Erin McDermott at emcdermott@accionnm.org regarding any errors or requested revisions.