A.G. Gancarski
The Jacksonville Chamber of Commerce announced Tuesday that JP Morgan Chase will commit $400,000 to projects in Northwest Jacksonville.
“This grant will make a significant impact in our city and we look forward to working with community leaders to ensure that everyone has the opportunity to thrive,” said Chamber Chair Darnell Smith.
“Grants will provide entrepreneurship education, access to capital, and façade improvements for New Town small businesses,” reads a Chamber press release.
Of the $400,000, the Jax Chamber Foundation gets the lion’s share: $325,000.
That money will expand entrepreneurship education for NW Jacksonville small businesses.
The other $75,000 will go to Accion, which will offer microloans to area businesses.
“Florida is one of the most entrepreneurial states in the country but faces one of the biggest challenges to accessing credit. Accion’s expansion in neighborhoods in Central and Northern Florida is critical to meeting the capital needs of small business owners statewide,” said Paul Quintero, CEO of Accion in Florida.
