Small Business Forward
Over the next five years, we are doubling the size of our commitment to our global Small Business Forward program. That’s $150 million to support women, minority and veteran-owned small businesses through a series of approaches to help build their long term success, creating local, inclusive economic growth. With small businesses growing fastest among people of color, particularly Latinas and African American women, it’s essential to help them get started and growing. When small businesses succeed, our communities and neighborhoods succeed.
“Generating economic opportunity is what JPMorgan Chase does each and every day. Our support of small businesses is one more way that we add value for our communities. By helping regional economies build on their core assets to develop thriving enterprises, we are helping to create jobs and build a more prosperous society.”
“America’s forward-looking companies are investing in clustered communities, because they see the return on investment. Clusters speed commercially viable ideas from the drawing board to the marketplace. These are communities with buy-in at every level and a proven support structure that nurtures success.”
Incubators and accelerators help start-ups and small businesses through their tumultuous first months and years. In New Orleans, they helped rebuild a city.
Increasing access to capital to women, minority and veteran-owned small businesses is vital to economic growth.
Small-business startups can now turn to nonprofits backed by major banks, and no sector promises to turn that help into GDP growth faster than Latino-owned businesses.
See our data findings on cash flow for small businesses and what steps policy makers and industry leaders can take to help small businesses thrive.
By supporting minority entrepreneurs who can’t get traditional funding, nonprofit community-development funds are transforming "micro businesses" into engines of economic growth.
Entrepreneurs of color help play a key role in the city’s recovery.
Independent shops, restaurants and service providers are creating jobs and economic opportunity–often in distressed communities–across the country on a remarkable scale. For many of their owners, traditional underwriting standards present a high hurdle.
Community commerce businesses have often faced major obstacles getting a strong start without the access and advantages these networks provide.
Detroit is innovating to boost economic opportunity.