News Item

05.04.2015

Metro Chicago Exports Launches Small Business Grant Program

JPMorgan Chase & Co. funds the $225,000 initiative

CHICAGO – Metro Chicago Exports (MCE) today announced the launch of a Grant Program to help small-to-medium-sized enterprises (SMEs) grow in international trade, specifically through export initiatives. The $225,000 program, funded by JPMorgan Chase & Co., will award grants up to $5,000 to businesses throughout Northeastern Illinois.

The Metro Chicago Exports Grant Program is an unprecedented collaboration between the seven counties in Northeastern Illinois (Cook, DuPage, Kane, Kendall, Lake, McHenry and Will) and the City of Chicago to increase exports from SMEs. Eligible SMEs with an exportable product or service can apply for the grant to help take their business offering to the rest of the world. Approximately 50 grants are open through the first wave of funding, which closes on May 31st.

“Chicago is the nation’s fourth largest exporter, but only 6 percent of that comes from small-to-medium-sized businesses,” said Thomas Hulseman, managing director of Metro Chicago Exports. “Small businesses are the core of our economy. Providing opportunities that help connect Chicago businesses and their products to the rest of the world offers tremendous opportunity to improve our global competitiveness.”

Metro Chicago Exports builds on the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase, that aims to catalyze a shift in economic development priorities and practices resulting in more globally connected metropolitan areas and more sustainable economic growth.

“JPMorgan Chase works with more than a quarter of a million small-to-medium-sized businesses in Northeast Illinois,” said Melissa Bean, Chairman of the Midwest, JPMorgan Chase. “With 80 percent of global growth anticipated to happen outside the U.S. in the next decade, improved access to foreign markets is critical to their success. JPMorgan Chase is proud to provide grant support toward this goal through Metro Chicago Exports.”

The application period will consist of two waves. The first wave deadline is May 31st, 2015 and the second wave deadline is July 31st, 2015. All eligible SMEs are encouraged to apply, but preference will be given to businesses in the following targeted industries:

  • Metals – Fabricated Metal Products
  • Equipment – Medical and Supplies
  • Machinery – Engine and Power Equipment
  • Plastics – General
  • Computers and Electronics – Precision Instruments

Interested businesses can find additional information and apply online at www.metrochicagoexports.com.

Related News

NEWS

News Item

10.13.2022

Chicago Mayor Lori E. Lightfoot & World Business Chicago Announce the Inaugural Chicago Venture Summit Future-of-Food

More than 600 founders, Fortune 500 leaders, and investors are attending Chicago’s flagship food innovation conference hosted by World Business Chicago. CHICAGO, May 26, 2022 – Chicago Mayor Lori

View article

News Item

04.13.2022

World Business Chicago Launches Black and Latino Excellence Investment Summit

World Business Chicago Launches *new* Access to Capital Program for Black & Latino Business Owners & Entrepreneurs in Chicago: Black & Latino Excellence Investment Summit 2022 (CHICAGO)

View article

News Item

04.11.2022

World Business Chicago at SeedCon 2022

The Rattan L. Khosa SeedCon is Chicago Booth’s flagship entrepreneurship and venture capital conference. As the world seemed to stand still amidst the COVID-19 pandemic, investors, entrepreneurs, an

View article

News Item

04.11.2022

World Business Chicago Partners with Global Fintech Leader tastytrade for ThinkChicago Fintech Summit

“Innovation is the many years of study and analysis, which then finds itself in the path of an emerging opportunity” -Linwood Ma, tastytrade CTO World Business Chicago was proud to…

View article
Translate »