MAPTEST25

Birmingham

JPMorganChase has committed $2 million to launch the Alabama Capital Access Collaborative, a statewide initiative to help small businesses thrive. The program improves access to capital, supports entrepreneurs in running their businesses more efficiently, and provides technical assistance to local capital providers. A cohort of Birmingham-based lenders, including the Birmingham Business Resource Center, will participate in the effort. Read More

In 2023, The Wells Fargo Foundation and Enterprise Community Partners awarded $3 million to BuildUp, a Birmingham-based community school that offers paid internships and industry-aligned coursework to low-income high school students. The three-year grant helps BuildUp expand to new sites in Alabama and expand its house donation/relocation program. Read More

Bank of America announced it will expand its financial center network into nine new markets by 2026, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities. The bank will open its first financial center in Birmingham in 2024, with plans to open five by the end of 2026. Read More

JPMorganChase has committed $2 million to launch the Alabama Capital Access Collaborative, a statewide initiative to help small businesses thrive. The program improves access to capital, supports entrepreneurs in running their businesses more efficiently, and provides technical assistance to local capital providers. A cohort of Birmingham-based lenders, including Bronze Valley, will participate in the effort. Read More

Montgomery

In 2023, Wells Fargo sponsored the Alabama Legal Food Frenzy, a statewide competition among law firms and legal organizations to support Alabama’s regional food banks. Wells Fargo donated $20,000, which helped provide nearly 350,000 meals to food insecure people in the state. Read More

Huntsville

JPMorganChase has committed $2 million to launch the Alabama Capital Access Collaborative, a statewide initiative to help small businesses thrive. The program improves access to capital, supports entrepreneurs in running their businesses more efficiently, and provides technical assistance to local capital providers. A Huntsville-based lender, Neighborhood Concepts, will participate in the effort. Read More

Mobile

The Alabama Federal Aid Highway Finance Authority issued $650 million in municipal bonds, partially underwritten by Bank of America, Wells Fargo, and Goldman Sachs to finance road and bridge improvements. The funding helps construct two bridges along Interstate 10, including one crossing the Mobile River and another replacing existing Bayway bridges.

Goldman Sachs committed $3 million to community development financial institutions supporting small business owners in Alabama. In partnership with HOPE, the firm will also deploy $20 million to support small businesses across the rural South. “We are proud to partner with additional Alabama-serving CDFIs and Goldman Sachs to advance entrepreneurial growth across the state,” said Bill Bynum, CEO of HOPE. Read More

JPMorganChase has committed $2 million to launch the Alabama Capital Access Collaborative, a statewide initiative to help small businesses thrive. The program improves access to capital, supports entrepreneurs in running their businesses more efficiently, and provides technical assistance to local capital providers. A Mobile-based lender, Commonwealth National Bank, will participate in the effort. Read More