JP Morgan LivingSocial New Business Program
By: Leon Castles
on Monday, May 28, 2012
JP Morgan Chase and Company said that they are going to working with LivingSocial to come up with an awareness program that will focus on how small business companies can get better income in their pockets. The bank said that they will not only come up with an awareness program but also aware 12 entrepreneurs from the United States that will receive $250,000 each from the pool of $3 million that the bank has for this awareness program. The bank said that all the business entrepreneurs that are interested in this program must apply before June, meet the criteria that is provided by the bank and get 250 votes to qualify for consideration.
JP Morgan Chase said that they have managed to raise the pool to $3 million from the contribution that was made by the public. Hence, the program will have online voting from the customers to understand their favorite business. The bank said that it will be an interesting way to see how registered businesses will get 250 votes online and pitch against each other. The entire voting scenario will be evaluated by the panel of judges. JP Morgan Chase said that they believe that better people can do better business and therefore they are giving an opportunity to people who know how to do the business in the right way.