JPMorgan Chase & Co. announced four local grants totaling $500,000 to fund the growth of the health sciences and biomedical industries that are vital to New Orleans’ economic future. TheBioInnovation Center receives the largest grant of $200,000. New Orleans Business Alliance, the city’s economic development public-private partnership, receives $150,000. Remaining funds go to Good Work Network and Idea Village. The half-million-dollar commitment is part of Chase’s nationwide Small Business Forward initiative, a five-year, $30 million program to boost support networks that help growing small businesses in specific industry concentrations known as “clusters.” They also align with the priorities in ProsperityNOLA, the city’s five-year plan for economic growth.

November 6, 2014 — Find out more and see video coverage of the event at WDSU News