JPMorgan Chase & Co. Announces Water Investment Partnership With The Water Council
August 25 2014 - 10:00AM
Business Wire
JPMorgan Chase & Co. and The Water Council today announced a
partnership to bring together North America's investment community
and water technology entrepreneurs to match capital with water
innovation. The partnership includes a $225,000 grant from JPMorgan
Chase as part of the company's recently launched Small Business
Forward initiative—a national, five-year, $30 million grant program
meant to boost small business support networks that help growing
enterprises in specific industries.
With the grant, The Water Council will identify investment firms
that are interested in exploring water technology investments,
prepare water investment training information and conduct an
investor conference with entrepreneurs.
“Our company recognizes the growing importance of water not only
in the United States, but across the world, and we believe that
many of the solutions to those issues will be derived from the
small businesses that are being developed by The Water Council,”
said James R. Popp, president of Chase in Wisconsin. “It was only
natural for Chase to combine its support for American small
businesses with America’s leading water technology cluster.”
“The Water Council leads the country in its support and
development of water technology entrepreneurs, as proven through
the creation of the Global Water Center and The BREW program,”
stated Wisconsin Governor Scott Walker. “Through the generous
support of JPMorgan Chase we can now add one vital element to our
toolbox—the growth of private sector investments in the burgeoning
water technology industry.”
The Water Council, established in 2009 by Milwaukee-area
businesses, education and government leaders, is the only
organization of its kind in the United States. The Water Council
takes great pride in having coalesced one of the most powerful
water technology clusters in the world. Today, The Water Council
links global water technology companies and small businesses,
innovative water entrepreneurs, acclaimed academic research
programs and some of the world's most talented water technology
professionals.
“The Water Council and the city of Milwaukee are capturing the
attention of the world as we quickly transform the region into a
world water hub for freshwater economic development, research and
education,” said Milwaukee Mayor Tom Barrett. “The significant
investment by a global company such as JPMorgan Chase sends a clear
message to the nation and the world that Milwaukee is the place to
bring together water technology businesses and the investment
community.”
Through the support of JPMorgan Chase, The Water Council
will look to expand the water investment program nationally and
internationally. The partnership will help to advance The Water
Council's vision of being the globally connected epicenter of
freshwater research, innovation, education and business
development; drive economic development in Milwaukee; enable water
technology companies to strengthen and grow their businesses; and
ultimately help address pressing global water issues.
“The Water Council is honored to be able to announce this unique
partnership with JPMorgan Chase, and support our next development
as a global leader to bring together small water technology
businesses and investors,” said Rich Meeusen, co-founder and
co-chair of The Water Council and chairman, president and CEO of
Badger Meter. “We have made great strides in fostering an
environment of water entrepreneurship. Now, through the support of
JPMorgan Chase, we can educate and connect the investment community
with innovative businesses working to solve global water
issues.”
About The Water Council
The Water Council, the only organization of its kind in the
United States, was established in 2009 by Milwaukee-area
businesses, education and government leaders. With more than 150
water technology companies in the Milwaukee area, the region’s
water industry is a $10.5 billion dollar market and accounts for
four percent of the world’s total water business. The non-profit
organization, consisting of more than 160 members, is linking
together global water technology companies, innovative water
entrepreneurs, acclaimed academic research programs and, most
importantly, some of the nation’s brightest and most energetic
water professionals. The Water Council is capturing the attention
of the world and transforming the Milwaukee region into a World
Water Hub for freshwater research, economic development and
education. For more information, visit www.thewatercouncil.com or
contact us by phone at 414.988.8750.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.5 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. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of consumers in the United States and many of the
world’s most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands.
The Water CouncilMeghan Jensen, 414-988-8754director of
marketingmjensen@thewatercouncil.comorNelson SchmidtCarie Breunig,
414-412-9155 (cell)public relations supervisorcbreunig@n-s.com
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