Metropolitan Milwaukee Association of Commerce | Milwaukee, WI 53202
  • Membership
    • Gain visibility >
      • Advertising
      • Event Sponsorship
      • Lead generation
    • Grow & strengthen your biz >
      • Executive roundtable program >
        • Roundtable News
      • Food and beverage manufacturers
      • Focus on the Future Awards
      • Future 50 Awards >
        • Future 50 winner archive
      • Leadership Council
      • International >
        • Global Business Insights series
        • Wisconsin International Trade Conference
        • Benefits of WTA membership >
          • Join WTA now
        • WTA member directory
        • Global Pulse - eNewsletter Archive
        • WTA events
        • Volunteer leadership
      • Roundtables for high-growth companies
      • Small business >
        • Council of Small Business Executives
      • Young professionals
    • Improve the business climate
    • Invest in our community
    • Cost Savings programs >
      • Certificates of origin
      • Health insurance plan
      • Office supply discount program
    • Join now
    • Request More Information
    • Members only >
      • Member Orientation
      • Submit an event
      • Submit news about your company
      • Update email preferences
      • Promote your MMAC membership
  • Events
    • MMAC event calendar
    • Event photos >
      • 2020 Golf Outing
    • Community events calendar
    • Submit an event
    • Sponsorship
    • 2019 MMAC All Member Meeting
  • Talent Pipeline
    • Grow your talent pipeline >
      • Business tours for students
      • Career-based learning
      • Manufacturing CAREERx
      • Technology Education & Literacy in Schools (TEALS)
    • Attracting & retaining young professionals
    • Professional development
  • Diverse Talent
    • The Business Council
    • Hispanic Collaborative
  • Advocacy
    • Miller Park economic impact study
    • Legislator voting records
    • Pro-business public policy agenda >
      • Talent
      • Growth
      • Livability
      • Small business legislative agenda
    • Education recommendations >
      • Supportive policies
      • Quality schools
      • Effective Educators
      • Community engagement
    • Ranking Milwaukee County Schools
  • Economic Growth
    • Attracting & retaining businesses
    • Food & beverage cluster
    • Milwaukee Development Corp. >
      • Rebuild & Revitalize Program
    • Milwaukee EB-5 Visa program
    • Milwaukee Urban Strategic Investment Corp. (MUSIC)
    • Metro Milwaukee reports
    • Starting a business >
      • BizStarts
      • New business planning guide
  • About the Region
    • 2020 Navigate Business MKE
    • Benchmarking metro MKE
    • Business outlook survey
    • Economic Trends
    • Local media listings
    • Major employers in metro Milwaukee
    • Metro Milwaukee demographics
    • Order a publication
    • Relocating a business
  • About MMAC
    • Board of directors >
      • New 2021 Board Members
    • Contact us
    • Members of the media
    • Publication archive >
      • News Archive
      • Press Releases
      • Milwaukee Commerce magazine
    • Scholarships for minority students
    • Staff
  • Member Directory
  • Member Login
  • COVID-19 Resources
    • Health & Safety Toolkit >
      • Employer Outbreak FAQs
      • Testing FAQs
      • Preparing for the 2nd wave
      • Health & Safety Checklist
    • Business Strategies webinars

JPMorgan Chase Pledges Additional $100,000 in Continued Support of the M7 Export Development Grant Program

5/22/2018

 
To date, $383,000 in grant funds have been awarded to 80 local companies that report new export sales growth figures resulting from these efforts totaling $11.93 million

Picture
In a continuing effort to grow exports throughout the region, The Milwaukee 7 Regional Economic Development Partnership (M7) launched the Export Development Grant Program presented by JPMorgan Chase in November 2015. The highly-successful program provides financial assistance to small and medium enterprises, both new to export as well as experienced exporters, to enter into new or grow existing international markets. This week JPMorgan Chase announced that they are providing an additional $100,000 to the Milwaukee 7 to continue to benefit companies throughout the region. 

“Minimizing barriers to exporting better positions companies to increase revenue and create local jobs,” said Brian Grossman, Managing Director, Commercial Bank, JPMorgan Chase. “The results we are seeing from our investments are very encouraging. They clearly demonstrate the growth potential of local Wisconsin companies and the incredible opportunities of international markets.”

The Export Development Grant Program provides matching funds of up to $5,000 per company, which can be used for a multitude of export-related purposes and may also be combined with grants offered by the Wisconsin Economic Development Corporation (WEDC).  Companies are asked to provide a narrative explaining how the funding will help grow exports. Any and all projects will be considered provided the funding is used to grow a company’s international presence.    

For more information:

Chad Hoffman
Milwaukee 7
414/287-4156

Julie Granger
Milwaukee 7
414/287-4131

To date, the M7 Export Development Grant Program has awarded a total of $383,000 in funding to 80 companies to assist them in growing their export business. Thus far, 49 companies have completed their various projects and reported new export sales growth figures resulting from these efforts totaling $11.93 million.  “The majority of the award winners travelled to international tradeshows or participated in trade missions to meet with prospective partners and customers,” explained Chad Hoffman, M7 vice president of trade and investment.  “In addition, several companies utilized the U.S. Commercial Service’s Gold Key matchmaking service in conjunction with the tradeshows to make the most of the trip abroad. Multiple companies also utilized the grant to subsidize the cost of ExporTech, a proven program to assist companies in developing a strategic plan to grow exports.”  

Each application is reviewed by the program’s Grant Committee, which consist of individuals with diverse international backgrounds and more than 100 years of combined trade experience. The Grant Committee not only evaluates the specific projects being undertaken by the companies, more often than not, they also make recommendations to ensure that each company is fully utilizing the available local, state and federal resources. It is of no surprise that 5 of the 9 semifinalists to receive the Governor’s Export Award at this year’s Wisconsin International Trade Conference are prior M7 Export Development Grant Program awardees.  

The additional $100,000 in grant funding provided by JPMorgan Chase will allow the program to continue into the foreseeable future. To apply for the Export Development Grant Program or for additional information and eligibility requirements, companies can start the process by visiting the program website. Applications are now being accepted through June 30, 2018 and funding is made available on a first-come, first-serve basis.  

The Milwaukee 7, launched in September 2005, was formed to create a regional, cooperative economic development platform for the seven counties of southeastern Wisconsin: Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha. The Milwaukee 7 continues to build the region's capacity and accelerate economic growth.

About JPMorgan Chase & Co. in Wisconsin
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. In Wisconsin, JPMorgan Chase serves many of the state’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. It also serves over 1.1 million consumers and small businesses in the state through 79 branches and nearly 170 ATMs, while providing more than $1.6 million annually to Wisconsin charities. The firm uses its global resources, expertise, insights and scale to address some of the most urgent challenges facing communities around the world including the need for increased economic opportunity. For more information about JPMorgan Chase in Wisconsin, call Christine Holevas, 312/732-6206.


Comments are closed.


    News Categories

    All
    Action Alert
    Education/Workforce
    International
    M7 Partnership
    Milwaukee Commerce
    MMAC Insider
    Press Releases


    Sign up for MMAC enewsletters

    The MMAC Insider is our biweekly newsletter focuses on issues facing metro Milwaukee's business community.
    >>Click here to manage your email preferences
Copyright © 2020 Metropolitan Milwaukee Association of Commerce.  All rights reserved.
275 W Wisconsin Ave., Ste. 220 | Milwaukee, WI 53203  |  Tel 414/287-4100 | Fax 414/271-7753 | info@mmac.org
Privacy Policy
  • Membership
    • Gain visibility >
      • Advertising
      • Event Sponsorship
      • Lead generation
    • Grow & strengthen your biz >
      • Executive roundtable program >
        • Roundtable News
      • Food and beverage manufacturers
      • Focus on the Future Awards
      • Future 50 Awards >
        • Future 50 winner archive
      • Leadership Council
      • International >
        • Global Business Insights series
        • Wisconsin International Trade Conference
        • Benefits of WTA membership >
          • Join WTA now
        • WTA member directory
        • Global Pulse - eNewsletter Archive
        • WTA events
        • Volunteer leadership
      • Roundtables for high-growth companies
      • Small business >
        • Council of Small Business Executives
      • Young professionals
    • Improve the business climate
    • Invest in our community
    • Cost Savings programs >
      • Certificates of origin
      • Health insurance plan
      • Office supply discount program
    • Join now
    • Request More Information
    • Members only >
      • Member Orientation
      • Submit an event
      • Submit news about your company
      • Update email preferences
      • Promote your MMAC membership
  • Events
    • MMAC event calendar
    • Event photos >
      • 2020 Golf Outing
    • Community events calendar
    • Submit an event
    • Sponsorship
    • 2019 MMAC All Member Meeting
  • Talent Pipeline
    • Grow your talent pipeline >
      • Business tours for students
      • Career-based learning
      • Manufacturing CAREERx
      • Technology Education & Literacy in Schools (TEALS)
    • Attracting & retaining young professionals
    • Professional development
  • Diverse Talent
    • The Business Council
    • Hispanic Collaborative
  • Advocacy
    • Miller Park economic impact study
    • Legislator voting records
    • Pro-business public policy agenda >
      • Talent
      • Growth
      • Livability
      • Small business legislative agenda
    • Education recommendations >
      • Supportive policies
      • Quality schools
      • Effective Educators
      • Community engagement
    • Ranking Milwaukee County Schools
  • Economic Growth
    • Attracting & retaining businesses
    • Food & beverage cluster
    • Milwaukee Development Corp. >
      • Rebuild & Revitalize Program
    • Milwaukee EB-5 Visa program
    • Milwaukee Urban Strategic Investment Corp. (MUSIC)
    • Metro Milwaukee reports
    • Starting a business >
      • BizStarts
      • New business planning guide
  • About the Region
    • 2020 Navigate Business MKE
    • Benchmarking metro MKE
    • Business outlook survey
    • Economic Trends
    • Local media listings
    • Major employers in metro Milwaukee
    • Metro Milwaukee demographics
    • Order a publication
    • Relocating a business
  • About MMAC
    • Board of directors >
      • New 2021 Board Members
    • Contact us
    • Members of the media
    • Publication archive >
      • News Archive
      • Press Releases
      • Milwaukee Commerce magazine
    • Scholarships for minority students
    • Staff
  • Member Directory
  • Member Login
  • COVID-19 Resources
    • Health & Safety Toolkit >
      • Employer Outbreak FAQs
      • Testing FAQs
      • Preparing for the 2nd wave
      • Health & Safety Checklist
    • Business Strategies webinars