From the Fresno CDFI blog…
Jaymor Enterprises is in the Running to Win a $250,000 Grant
Fresno CDFI client, Jaymor Enterprises, is in the running to win a $250,000 grant from Chase/Living Social through the Mission Small Business challenge. Jaymor distributes an environmentally friendly alternative to WD-40. CEO Gerald Moreno has distributed the product since 1993 (his tag line is “We were green before it was cool to be green”). It is currently used by Fortune 500 Industrial operations such as Amtrak and Norfolk Southern. Fresno CDFI’s loan will help the company grow into the consumer market. New contracts with Costco and Walmart will soon make their product, JAYMOR’S 191s, a household name.
The two-phase event required small businesses to write a business plan outlining their growth strategies and get a minimum of 250 votes of support on-line. Jaymor Enterprises, Inc received 380 votes in the Chase/Living Social Mission Small Business program – beating the other 9 qualifying Fresno/Clovis businesses who will also be in the running along with businesses across America. Upon receiving the votes, participants then move to phase two, the judging of the business plan. Final decisions are made September 15, 2012.
This environmentally friendly product has a lot of potential for breaking into a market with some pretty toxic competition and we wish Jaymor Enterprises, Inc. the best of luck in phase 2 of the Mission Small Business challenge!
Anyone else? Email Heidi.