JPMorgan Chase Invests $2 Million to Bolster Small Businesses in Alabama

On Monday, JPMorgan Chase unveiled a $2 million initiative aimed at bolstering Alabama's small businesses by enhancing access to capital, streamlining operational efficiency for entrepreneurs, and providing essential technical assistance. The Alabama Capital Access Collaborative will empower local business owners, including partners like the Birmingham Business Resource Center (BBRC) and Urban Impact, to secure necessary resources for sustainable growth and job creation. The Milken Institute will lead the initial phase, collaborating with each organization to tackle existing challenges and uncover growth potential. Alongside BBRC and Urban Impact, other participating entities include Bronze Valley, Camino Loan Fund, Commonwealth National Bank, Neighborhood Concepts, Opportunity Alabama, and Sabre Finance. Bob Dickerson, Executive Director of BBRC, expressed pride in the partnership with the world’s largest bank, emphasizing how access to capital allows nonprofits to focus on serving clients rather than fundraising. Tim Berry, JPMorgan Chase's global head of corporate responsibility, reinforced the necessity of being embedded in the Alabama community to truly support its businesses.

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