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Old 04-30-2019, 02:20 PM
 
92,710 posts, read 122,997,895 times
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There's a new funding source for entrepreneurs in Western New York and it's getting a big boost from JPMorgan Chase & Co.

The financial giant (NYSE: JPM) will commit $500,000 toward the launch of Upstate Capital Connect, a new partnership that brings together four community development financial institutions to help support small businesses in Buffalo and Rochester.

As a group, Excelsior Growth Fund, Launch New York, PathStone Enterprise Center and Westminster Economic Development Initiative will provide small business loans, equity financing and free one-on-one business advice.

Loans will range from $500 to $500,000 and equity financing will run from $25,000 to $100,000.

The Upstate Capital Connect online portal was scheduled to be announced Tuesday at the Beverly Gray Center in Buffalo.

JPMorgan's investment is part of the firm's $150 million, five-year commitment to support minority-, women- and veteran-owned small businesses. The bank is one of the largest commercial lenders in the Buffalo market.

Source: https://www.bizjournals.com/buffalo/..._news_headline
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Old 05-01-2019, 05:02 PM
 
92,710 posts, read 122,997,895 times
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More on this: https://www.google.com/amp/s/www.wiv...ers/1967617308
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Old 05-01-2019, 07:13 PM
 
Location: Flahrida
6,335 posts, read 4,836,145 times
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This is being shared with Rochester, if its 50-50, its only 250k for Buffalo. But still its something
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