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Arizona businesses to receive support funded by Chase

This Monday, July 13, 2015 file photo shows a Chase Bank office tower in New York's financial center. (AP Photo/Mark Lennihan, File)

A report from Phoenix Business Journal stated that a $150,000 grant from JPMorgan Chase will help fund a program to train small to mid-size businesses on export and growth strategies.

The funding will go to the Arizona Partnership for Economic Innovation, which aims to assist in the growth and development of businesses and the local economy. The money will, in turn, go to programs that “train and support more than 24 small to mid-sized companies looking for better ways to export goods, grow their businesses and enter the global market,” the Journal wrote.

“Our export economy now supports more than 100,000 jobs from Mexico alone, but its potential is far greater,” Phoenix Mayor Greg Stanton said via the article. “These new programs are a welcome and highly worthwhile investment.

“Export-related industries on average employ better-educated and better-paid workers, so the more we can do to help our companies find new markets across the border and overseas, the more we are helping to grow and strengthen our regional economy.”

The programs will include training, one-on-one consulting, and a contest in which businesses pitch ideas and compete for cash prizes.

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