JP Morgan Chase Foundation Childcare Sector Support

JP Morgan Chase Foundation Childcare Sector Support is sponsored by JP Morgan Chase Foundation. JP Morgan Chase Foundation awarded $500,000 to support childcare sector scale and technical assistance in the Detroit area.

Creating Opportunity by Removing Barriers | JPMorganChase Diversity, opportunity & inclusion Chairman and CEO Letter to Shareholders Creating thriving communities together See how our clients and partners—from small business owners to workforce training leaders—work with JPMorganChase to drive meaningful impact and economic growth where they live and work.

Veteran’s Unconventional Path to Landing her Dream Job in Tech U.S. Army Veteran Ashley Wigfall transitioned to a civilian role and charted her path to technologist through mentorship and skills training at the JPMorgan Chase tech hub in Plano, Texas. Chairman and CEO Letter to Shareholders Building strong relationships is the cornerstone of our success. At JPMorganChase, we place particular value in our supplier partnerships.

Thanks to the help of a diverse range of suppliers and advisors, we are able to serve our clients, shareholders, communities and employees more efficiently. Creating opportunity by removing barriers JPMorganChase has launched a Corporate Alliance for Supplier Capital designed to help eliminate common barriers to business opportunity experienced by small companies competing for corporate procurement contracts.

Small businesses, can sometimes find it cost-prohibitive to meet industry due diligence requirements like cybersecurity, insurance bonding and other infrastructure costs. Satisfying these requirements can cost a typical business somewhere between $100,000 and $500,000, creating a very real barrier to entry into the financial services and related industries.

JPMorganChase has observed this challenge directly within its supply chain, and indirectly with its partners: otherwise-qualified suppliers are missing opportunities due to the high cost of compliance. It is an industry-wide problem, necessitating an industry-wide solution.

JPMorganChase has established a first-of-its-kind capital program by raising voluntary contributions from our top suppliers and other corporate partners, and matching those contributions dollar for dollar. In turn, the program will disburse funds to qualified small businesses, to be used for key compliance measures.

The Alliance brings together the collective strength and shared objectives of multiple corporations in the interest of creating larger pools of qualified suppliers with the capacity to meet the minimum requirements for doing business with large companies. Since the start of the initiative, JPMorganChase has donated $15 million in funding and will match each corporate donation dollar for dollar. [1] 1.

JPMorganChase annual donation match may be subject to an annual cap Recipient eligibility guidelines This program is open nationally to certified small business, incorporated for at least 3 years with a minimum of $1 million in annual sales and with reasonable growth potential to reach $5 million+ in annual sales within the next few years.

They also should have a specific business need such as cybersecurity, insurance, bonding, infrastructure costs or other third-party expenses related to securing new contracts, and successfully fulfilling them.

A pay-it-forward component is built into the initiative whereby businesses that receive funds and successfully secure new contracts are required to return the funds to the original pool to be awarded to the next wave of eligible businesses. Businesses that do not gain new contracts as a result of the program can request to have the funds forgiven or repay the dollar amount they received at no interest. Why become a corporate donor?

The program will increase the number of qualified small business suppliers prepared to serve corporations across multiple industries. As a corporate donor, you will be able to refer eligible businesses to this capital program and encourage them to apply. In addition, corporate contributions are income tax deductible.

Become a donor and join these corporations in the effort to reduce financial barriers to opportunity for diverse businesses. List of corporate donors*: HighRoad Press Quigley-Simpson Broadridge Financial Solutions Robert Half International Complete Mailing Services LexisNexis Risk Solutions The Judge Group, Inc. Mortgage Contracting Services Virtusa Corning Incorporated ODP Business Solutions, LLC.

Wesco-Anixter * This information is being provided for informational purposes only, JPMorganChase is not endorsing or recommending the corporations listed on this site and the listing of a corporation’s name on this website will not be construed otherwise. We are partnering with Local Initiatives Support Corporation (LISC), a community development financial institution and certified 501c3 which will administer the program end-to-end.

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