The JP UP Date: JP Receives $2M Grow With Google Loan/$250K Google.Org Grant

Katie ArnoldThe JP UP date

Number 113                           April 02, 2021                                   St. Louis

JP Receives $2M Grow with Google Small Business Fund Loan and $250k Grant from Opportunity Finance Network

Justine PETERSEN was recently awarded a $2M Grow with Google Small Business Fund loan from Opportunity Finance Network (OFN) to assist Black-owned businesses recover from the impact of Covid-19.  Additionally, Justine PETERSEN received a $250k grant from OFN to support deployment and related small business services.

In March 2020, made a $5M grant to OFN, a leading national network of Community Development Financial Institutions (CDFIs), to enable its member CDFIs to improve access to capital for the most marginalized communities.  In June 2020, announced an additional $5M in grants and $45M in loan capital to assist Black-owned businesses.  In total, Google has committed $170M in loans and $10M in grants to CDFIs nationwide.

Justine PETERSEN’s Credit Building Nation 2020 Annual Report is Now Available

Since 2012, Justine PETERSEN has helped other nonprofits nationwide offer a safe and affordable credit building product to their clients through Credit Building Nation (CBN). To date CBN has originated over 2,400 credit building loans! In 2020, CBN and its partners saw how crucial access to financial coping products were. Save2Build loans provided savings that could be accessed to help smooth income disruptions, and credit cards provided a way to cover unexpected expenses without borrowing money from high-priced alternative financial providers. To learn more about our work, the clients who benefit and our partners, check out our 2020 Annual Report!


Join Justine PETERSEN and Bank of America for Upcoming Webinar Discussing Supplier Diversity Programs

As part of the “Delivering Insights Webinar Series,” Justine PETERSEN and Bank of America are offering a webinar dedicated to discussing supplier diversity opportunities for small businesses.  Titled “Supplier Diversity Programs:  Identifying Business-to-Business Opportunities with Large Corporations,” Gary Young, a Senior Procurement Specialist with Bank of America’s Global Procurement/Supplier Diversity Team, will discuss how large corporations ensure the inclusion of diverse and small business vendors into their procurement decisions.  The webinar is free of charge, April 8, 12:00 – 1:00 pm.  Register here!



Pandemic Preferred Podcasts (PPP 8.0)

Ok, last week JP staffer Ted introduced PPP 8 Point O, and keeping with our propensity for alphabet soup, this week JP staffer Tamra Thetford is following up.  We are equally fond of the letter “t” as we are the letter “p,” as “Justine PETERSEN” includes both!  Below are Tamra’s Top 6 podcasts, she just couldn’t whittle it down to 5.  Talk about the passion!

1.    No Stupid Questions with Stephen Dubner and Angela Duckworth
2.    Work Life with Adam Grant
3.    The Indicator from Planet Money
4.    Code Switch
5.    Hidden Brain
6.    This is Uncomfortable