As part of its Small Business Forward initiative, JPMorgan Chase supports small businesses owned by women, people of color and veterans by investing in a dynamic cohort of entrepreneurial support organizations (ESOs). In its first five years, Small Business Forward partnered with 21 ESOs to support over 8,300 small businesses that are creating local, inclusive economic growth. The ESOs provide entrepreneurs with critical business education, connections to capital and access to markets to create more jobs.
In aggregate, across the five years, these businesses have raised $1.2 billion in capital, generated over $1 billion in revenue, created more than 24,000 jobs, and paid $760 million in wages.
Creating access to more international markets is a strong suit for BioSTL. Based in St. Louis, BioSTL was founded to support the city’s innovation economy in industries including agriculture, medicine, healthcare, the biosciences sector and other key innovation sectors. GlobalSTL is a business development partner that delivers customers and strategic opportunities to international startups looking to enter the U.S. market and serves as a navigator to the city’s corporate and innovation ecosystem. The GlobalSTL program identifies potential companies, conducts outreach to communicate the benefits of a St. Louis location, hosts networking events and facilitates other connections with key individuals and organizations within the St. Louis ecosystem. For companies that decide to locate in St. Louis, the GlobalSTL program also provides support for the transition, including finding business space, recruiting employees and long-term business support.