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Our Commitment
At JPMorgan Chase, we’re mobilizing our resources and capital to help provide underserved entrepreneurs and communities with the tools they need to start, grow and scale their businesses. We’re providing an additional 15,000 loans to small businesses in majority-Black, -Hispanic and -Latino communities as well as mentoring and support for entrepreneurs. We are also increasing our spending with diverse suppliers in addition to helping more diverse-led companies get information on how to get certified.
Supporting entrepreneurs in underserved areas
From 1:1 coaching, to technical assistance and capital, our new investments are geared towards growing and supporting small businesses.
Investing equity in early-stage companies
We're providing direct equity investments in early-stage companies working to address financial health and jobs and skills development, among other societal issues, with a particular focus on serving the needs of Black, Hispanic and Latino communities.
Expanding the Entrepreneurs of Color Fund
In collaboration with LISC and a network of CDFIs, we’re helping the Entrepreneurs of Color Fund expand into a nationwide program.
Advancing data-driven policy reforms
We’re working on solutions like increased resources for the Small Business Administration’s Microloan program, making the SBA’s Community Advantage program permanent and boosting the size of the Department of Treasury’s CDFI fund to provide additional aid to underserved small businesses.
Boosting supplier diversity
Building on our existing supplier diversity efforts, we’re committed to spending $750 million with Black, Hispanic and Latino suppliers.
I knew if I wanted to continue expanding nationally, I needed someone to help me address specific business needs, especially related to accounting. The support and knowledge Chase for Business has provided has been a tremendous boost for Indeed Construction Clean Up.
Jackeline Enriquez, Founder Indeed Construction Clean Up
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