Colorado Enterprise Fund (CEF) announced this week that it received a $135,000 grant award from the JPMorgan Chase Foundation in recognition of the organization’s support of underserved entrepreneurs through its Healthy Foods Fund, which was created to ensure that all Colorado communities – rural and urban – have access to fresh, nutritious and affordable food. Ceyl Prinster, president and CEO of CEF received the award at the Denver Startup Week’s kick-off breakfast, which was held at the Seawell Ballroom. This year’s $135,000 grant to CEF is more than double the $60,000 grant received by CEF from the JPMorgan Chase Foundation in 2017.
“We are very honored to receive this grant since it not only continues to expand our relationship with JPMorgan Chase but enables CEF to further serve Colorado entrepreneurs and businesses, ultimately, fostering a more vibrant local food economy,” says Ceyl Prinster, president and CEO of Colorado Enterprise Fund. “To date, CEF has been able to provide $3.5 million in loans through our Healthy Foods Fund and we will now be able to leverage this grant with other public and private sources of funding to maximize impact in our Colorado communities.”
The grant will help CEF scale its Healthy Foods Fund, which finances food production, small grocery retail, local food distribution, and innovative healthy food businesses throughout urban and rural parts of Colorado. CEF lends to all segments of the food system to improve access to fresh, healthy food for Colorado’s residents and to promote economic and health benefits for communities designated as “food deserts.” To date, the Healthy Foods Fund has made 53 loans to 48 Colorado businesses for $3.5 million, which has helped create or retain nearly 200 jobs.
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