Boston, MA – June 12, 2025 – JPMorganChase announced it is doubling down on its commitment to empowering small businesses in Boston with a series of philanthropic grants totaling more than $1.3 million. These grants, awarded to the Local Enterprise Assistance Fund, Philanthropy Massachusetts, and the Boston Impact Initiative Fund, are designed to help local small businesses increase revenue, improve operations, and create wealth-building opportunities for their communities, while addressing the challenges of accessing technical assistance and capital.
Small business owners often face challenges in accessing capital, customers, and connections specific to their community to help their businesses grow. As the nation’s leading small business bank, JPMorganChase is committed to strengthening local ecosystems by helping to fill critical gaps, improving coordinated delivery, and expanding the capacity of local and national business support organizations. These organizations provide customized assistance, coaching and mentoring for businesses at all stages of growth, as well as flexible capital solutions. Over the past five years, JPMorganChase has deployed $2.7 million to help drive small business growth in Boston, reaching more than 1,100 small businesses.
“When small businesses succeed, they strengthen their communities by creating jobs, boosting local economies, and expanding opportunities,” said Ben Walter, CEO of Chase for Business. “These grants, alongside our Coaching for Impact program, provide business owners with the resources, relationships, and confidence to build lasting legacies—not just for themselves, but for their neighborhoods and future generations.”