Chase for Business provides $300K to help underserved entrepreneurs

Monday September 25, 2017 0 comments Tags: Denver, Chase for Business, Denver Startup Week, Accion, Colorado Enterprise Fund, The Commons on Champa, Ceyl Prinster, Community Reinvestment Fund USA, Mi Casa Resource Center

DENVER -- Chase for Business, a title sponsor of this year’s Denver Startup Week, Sept. 25-29, announced five $60,000 investments to nonprofits assisting underserved entrepreneurs.chase-for-business-logo

Chase, which is again serving as Basecamp for the week’s activities, said the $300,000 in local investment is part of the company’s global Small Business Forward program, a $75 million, three-year effort aimed at connecting underserved women, minority and veteran-owned small business with capital, targeted technical assistance and support networks to help them grow and succeed.

Companies receiving the Chase investments are:

  • Accion, which makes loans and provides financial education and technical assistance to underserved entrepreneurs
  • Colorado Enterprise Fund, a Community Development Financial Institution that strives to accelerate community prosperity by financing and supporting entrepreneurs and small businesses
  • The Commons on Champa, a resource center supporting economic development, innovation and entrepreneurship
  • Community Reinvestment Fund USA, which helps people improve their lives and strengthen their communities through financial solutions
  • Mi Casa Resource Center, which works to advance the economic success of Latino and working families by expanding opportunities for educational, professional and entrepreneurial advancement

“We are very honored to receive this grant that will enable Colorado Enterprise Fund to serve more Colorado businesses with access to affordable capital and business advisory services,” said Ceyl Prinster, CEF’s president and CEO.denver-startup-week17logo

“CEF will leverage this grant with other public and private sources of funding to maximize impact in our Colorado communities.”

Chase will also host a “Fireside Chat” with U.S. Small Business Administration Administrator Linda McMahon on Sept. 28 from 10-11 a.m. at the Chase Basecamp at The Commons on Champa, 1245 Champa St., as part of Denver Startup Week.

For a full schedule of Denver Startup Week activities set for this week, click here.