The JP UP Date: Associated Bank Invests $250k

Katie ArnoldThe JP UP date

Number 121                          June 4, 2021                                   St. Louis

Associated Bank Invests $250k into JP’s Emerging Markets Fund

Justine PETERSEN welcomes Associated Bank as the latest investor into our Emerging Markets Loan Fund.  With a $250,000 commitment, Associated Bank’s participation ensures the availability of deployable small business capital for under-resourced businesses located throughout the bank’s footprint, which includes Metro East and Central Illinois. The Emerging Markets Loan Fund is a special purpose vehicle (SPV) investment opportunity for financial institutions, philanthropic foundations and private wealth that ultimately builds equity for Justine PETERSEN’s CDFI (community development financial institution) while providing access to safe and affordable capital to small businesses at various stages of development.

Join JP and Pacific Community Ventures for “How to Ask for Money” Webinar June 10th

As part of the “For Entrepreneurs, By Entrepreneurs” webinar series, join Justine PETERSEN and Pacific Community Ventures for the June 10th webinar titled “How to Ask for Money.”  This session introduces an overview of the necessary skills required of a small business owner when seeking financing. During this session, you will learn about different investor types, what to ask, and how to explain your business model. The webinar is free of charge. Register here

STL Vacancy Collaborative Community Fellows Application Due June 7th

The STL Vacancy Collaborative is recruiting 7 community fellows to participate as stakeholders in a code enforcement process mapping project that will review the City of St. Louis’ current code enforcement system and explore opportunities to make it more strategic and equitable, especially as it relates to vacant properties. Fellows will be engaged over a 6 month period, beginning this summer, and will receive a stipend for their time and involvement. Applications are due June 7th. Apply here!

People. People. People. (PPP 16.0)

This is it.  The final iteration of our weekly “PPP series.”  The federal Paycheck Protection Program has officially ended, and we are most proud of our Team (J)PPP! These are the JP people that assisted small business people day in and day out to the tune of over 600 PPP loans totaling over $20M over the course of the multi-year, multi-round program.  Thank YOU Sheri, Aida, Chonda, Ivo, Ramona, Fredrica, Cait, Trina, Nikki, Dorothy, Kristo and Ben!  PROUD. PROUD. PROUD.