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Our $30 Billion Racial Equity Commitment

Structural barriers in the U.S. have created profound racial inequalities, made worse by the pandemic. JPMorgan Chase is committed to helping close the racial wealth gap and driving economic inclusion by providing more opportunities for homeownership, access to affordable housing, entrepreneurship and bolstering financial health.

How We Are Making Progress

How We Are Making Progress

Find out how we are making progress on our $30 billion commitment. 
 

Tracking Our Impact and What’s Next

Tracking Our Impact and What’s Next

A look at our reporting and governance process, our community engagement efforts and the work ahead. 

Jamie Dimon, CEO of JPMorgan Chase & Co.
This commitment is just the starting point. We are working to drive lasting change that can transform banking to work better for more Americans of all backgrounds. I am inspired by the work that is already happening on the ground in our communities and encouraged by what we can achieve together with community partners, policymakers, our customers and employees.

Jamie Dimon, Chairman & CEO, JPMorgan Chase & Co.

Our Commitment


Building on our existing investments, we are helping drive inclusive growth by committing $30 billion by the end of 2025 to advance economic growth and opportunity for Black, Hispanic and Latino communities.

40K

Home Loans

Originate additional home purchase loans for Black, Hispanic and Latino households.

100K

Affordable Housing Units

Finance the creation and preservation of affordable housing units in underserved communities.

20K

Refinanced Home Loans

Help Black, Hispanic and Latino households achieve lower mortgage payments through refinance loans.

15K

Small Business Loans

Provide additional loans to small businesses in majority Black, Hispanic and Latino communities.

1M

Improving Access

Help people open low-cost checking or savings accounts.

~$100M

Capital and Deposits

Invest capital and deposits in Black, Hispanic and Latino-owned MDIs and CDFIs.

Jamie Dimon, CEO of JPMorgan Chase & Co.
We’re committed to strengthening our culture of respect, equity and inclusion and driving inclusive economic growth around the world. Over the past year, we’ve worked to create a more inclusive environment where all employees, customers, clients and partners feel welcomed and valued. We’re proud of the progress we’ve made and, recognizing that there’s always more we can do, will continue searching for opportunities to have more generational impact and better serve all communities in the future.

Brian Lamb, Global Head of Diversity, Equity & Inclusion, JPMorgan Chase & Co.

Impact Stories


See how our progress comes to life through the stories of the people and communities we help.

After years of trying, Chicago artist buys home with help from Chase

Sustainable Homeownership

After years of trying, Chicago artist buys home with help from Chase

He goes by the moniker P. Scott, and is an artist, gallerist, master barber, father, community advocate and, most recently, a homeowner.

“I'd been wanting to buy a home for a very long time, probably about five or six years,” Scott says. He tried for years to purchase a home, but as an entrepreneur, he had faced obstacles in the past proving he had a reliable income stream. Scott felt that it was an uphill battle for lenders to take him seriously and didn’t feel like anyone was taking the time to help him understand the various steps in the homebuying journey.   

Still, P. Scott kept his dream of owning a home alive. He just didn’t know when it would happen – or how.

Entrepreneur Manages Rapid Business Growth With Free Chase for Business Coaching

1-1 Coaching

Entrepreneur Manages Rapid Business Growth With Free Chase for Business Coaching

With just $100 to Jackeline’s name, she started a cleaning company. Knowing she had a lot to learn about the industry and how it works, Jackeline offered to clean her friend's offices in order to gain commercial cleaning experience and attract bigger clients. And in 2018, she officially launched Indeed Construction Clean Up with the help of her eldest son Dione.

But there are challenges to such rapid growth. “I knew if I wanted to continue expanding nationally, I needed someone to help me address specific business needs, especially related to accounting,” said Jackeline. That’s when she walked into her local Pasadena Chase branch and met Vanessa Torres, a senior business consultant at Chase.

Serving Up Jobs and Burgers on Chicago’s South Side

Community Development

Serving Up Jobs and Burgers on Chicago’s South Side

In the 1880s, Pullman, Illinois was a booming neighborhood on Chicago’s South Side, home to one of the largest Black employers in the world—Pullman Palace Car Company, which built train sleeper cars for the railways that were beginning to course across the U.S.

The Pullman neighborhood thrived until the 1950s ushered in the rise of automobile and airline travel. The Pullman Car Company ultimately closed in the 1960s and the shuttering of local steel mills continued into the early 21st century, which collectively cost the area tens of thousands of jobs. Today, the economically underserved Pullman neighborhood is experiencing a revitalization and finding new life as a historic district.

Hoping to make a difference, Baron Waller decided to try to help bring opportunities to the area by building one of his Culver's franchise restaurants. He hopes that, in doing so, he'll be able to provide jobs and the first casual sit-down restaurant the community has had in years—a comfortable place for residents and visitors to eat.

 

Building Diversity into the Supply Chain, One Brick at a Time

Supplier Diversity

Building Diversity into the Supply Chain, One Brick at a Time

In 2010, Brian Ortiz launched Trinidad Construction, a general contracting company. “It was a way for me to take control of my own destiny... If I succeeded, it was on me and if I failed, it was on me,” Brian says. But it wasn’t easy.

Hispanic, Latino and Black business owners face systemic barriers when it comes to growing and scaling their small businesses. Couple that with common obstacles that all construction companies have to face, such as extremely large insurance requirements, long payment terms and lack of a consistent work pipeline that facilitates planning and business growth.

These challenges make it difficult to get a construction business off the ground, and even more difficult to become a part of a large enterprise supply chain, which is key to getting access to new business opportunities. But Brian had a plan.

A Chicago Bakery Gets a Sweet New Home

Financial Planning

A Chicago Bakery Gets a Sweet New Home

When Chicago-based baker Stephanie Hart heard a local candy factory was going up for sale, she was inspired.

She knew the space would provide an amazing opportunity for her business — Brown Sugar Bakery — to grow, but wasn’t exactly sure how to approach the acquisition.

The expansion plan was born about a year ago, and it was around then that Stephanie first met with a community development expert at her local Chase Community Center on Chicago’s South Side. Stephanie was paired with a mentor, Pamela Randle, a senior business consultant at Chase, who has since provided her with financial planning services and business development strategies to help grow her business. 

Fitness Center Owner Finds New Success Amidst Pandemic Setbacks

Community Branches

Fitness Center Owner Finds New Success Amidst Pandemic Setbacks

Aliyah Ortiz always had a passion for fitness, but she didn’t always know she could make a career out of it.

A college guidance counselor opened up Aliyah’s future when she suggested she study healthcare administration, nutrition and anatomy. She got her degree and hit the ground running, opening her fitness center, Tone Body Fitness, in 2001.

Since then, Aliyah has been growing her business and creating opportunities in her community.

But in 2020, COVID-19 forced gyms across the country to close their doors. With her fitness studio temporarily shut down, Aliyah needed to quickly pivot from a physical business to tech services, like virtual coaching and touchless payments.

Aliyah knew she needed a business partner to help.

Alice Rodriguez, Head of Community Impact
We’re focused on delivering these dollars to the communities that need it most.  It’s not a one-size-fits-all solution everywhere.  We’re listening to local leaders and our own employees to identify gaps and develop solutions to make sustainable change.

Alice Rodriguez, Head of Community Impact, JPMorgan Chase & Co.

News & Stories


From articles to videos and podcasts, learn more about how we are helping to close the racial wealth gap in tangible and meaningful ways.

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