JPMorgan Chase announced on May 20 that it will be providing a $200,000 grant over two years to the University City Science Center, which will support the Center’s Port business incubator along with other economic development initiatives.
“The Science Center has existed at the intersection of innovation and economic development for 52 years,” said Stephen Tang, Science Center President and CEO in a press release. “We are honored and delighted to partner with JPMorgan Chase to help entrepreneurs and innovators turn flashes of inspiration into thriving businesses.”
The press release also mentioned the economic impact of the Science Center, noting that it has created 15,000 jobs and driven over $9 billion in the Philadelphia region. Mark Schrieber, Executive Director and head of the Greater Philadelphia middle market commercial bank for Chase, noted, “As impressive as those numbers are, we at Chase want to see them grow. And I am proud to announce here today that Chase is committing a $200,000 donation to attract new businesses and give them the tools they need to succeed.”
To see the full press release, visit the University City Science center website here: https://www.sciencecenter.org/science-center-news/press-release-jpmorgan-chase-grant-supports-innovation-and-entrepreneurship-at-university-city-science-center