Four New Orleans nonprofits are sharing $1 million in grants from JPMorgan Chase & Co. that are designed to support small business growth and improve workforce training, the bank said Tuesday.
The largest award recipients are Broad Community Connections and Oretha Castle Haley Boulevard Merchants & Business Association, which will get $300,000 for the Crescent City Commercial Corridor Revitalization project. It is an effort to support small businesses that are located in the historic corridors. The Good Work Network also will receive $300,000 to help local officials and business leaders use a cluster-based approach to support economic development.
Other grant recipients include The Data Center, which will receive $250,000 to support research that identifies workforce skills gaps and small business opportunities in south Louisiana; and Greater New Orleans Inc., which will get $150,000 to help expand its GNOWorks program, a demand-driven workforce initiative.
“Small and emerging companies are where innovation happens. Right here in New Orleans, entrepreneurs are tackling some of the world’s biggest problems and creating new jobs,” said Lizette Terral, head of commercial banking for Chase in New Orleans. “We want all of our neighbors to have the skills necessary to take advantage of these new opportunities. We’re investing in training programs to create economic opportunity across the city and transform lives.”